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(MANAKALUCO_BE) Manak Aluminium complete technical analysis [charts+indicators] | Buy/Sell Manak Aluminium | (MANAKALUCO_BE) share price targets

Complete technical analysis of Manak Aluminium (MANAKALUCO_BE) by charts plus indicators, forecast predictions and share price targets for Manak Aluminium (MANAKALUCO_BE)

Showing technical analysis as on 2024-02-15 View latest technical analysis

10 day averaged volume of Manak Aluminium is 118497

Date	Daily Closing Price	Open	High	Low	Volume
15 Thu Feb 2024	35.30	35.80	35.95	34.15	0.438 times
14 Wed Feb 2024	34.30	31.15	34.35	31.15	0.819 times
13 Tue Feb 2024	32.75	34.00	34.00	32.75	0.281 times
12 Mon Feb 2024	34.45	36.00	37.65	34.45	0.595 times
09 Fri Feb 2024	36.25	37.00	38.80	35.95	0.603 times
08 Thu Feb 2024	37.80	39.70	39.70	37.80	1.103 times
07 Wed Feb 2024	39.75	38.20	40.10	36.35	1.347 times
06 Tue Feb 2024	38.20	40.35	41.40	38.20	1.583 times
05 Mon Feb 2024	40.20	39.95	40.30	38.50	1.537 times
02 Fri Feb 2024	38.40	36.95	38.40	36.10	0.82 times

My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 38.2 as stoploss in an intra day sell trade for a target of 32.26. However, stock will show a bullish move above 38.2.

Share price targets for Manak Aluminium (MANAKALUCO_BE)

Target Type	Value
Downside Target	21.10
Downside Target	22.60
Downside Target	24.00
Downside Target	26.50
Downside Target	28.35
Downside Target	31.00
Upside Target	35.95
Upside Target	37.65
Upside Target	38.25
Upside Target	40.35
Upside Target	41.40

Intraday share price targets for Manak Aluminium (MANAKALUCO_BE)

Target Type	Value
Downside Intraday Target	31.75
Downside Intraday Target	28.2
Upside Intraday Target	38.25
Upside Intraday Target	41.2
Downside Intraday Target	34.7

Weekly technical analysis of Manak Aluminium (MANAKALUCO_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
15 Thu Feb 2024	35.30	36.00	37.65	31.15	0.346 times
09 Fri Feb 2024	36.25	39.95	41.40	35.95	1.782 times
02 Fri Feb 2024	38.40	24.95	40.35	24.15	2.183 times
25 Fri Mar 2022	24.95	26.80	26.95	24.60	0.835 times
17 Thu Mar 2022	25.60	24.95	26.50	24.05	0.47 times

Price has moved down this week, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming weeks.

Monthly technical analysis of Manak Aluminium (MANAKALUCO_BE)

Date	Monthly Closing Price	Open	High	Low	Volume
15 Thu Feb 2024	35.30	38.40	41.40	31.15	9.584 times
31 Wed Jan 2024	38.35	40.35	40.35	38.25	0.088 times
28 Mon Mar 2022	24.30	23.55	26.95	22.60	1.057 times
28 Mon Feb 2022	23.55	24.30	28.35	21.10	0.599 times

Scroll below to view daily charts

Price has moved down this month, and volume has increased substantially. This means that the move can continue in coming months.

Indicators analysis of Manak Aluminium (MANAKALUCO_BE)

Price action analysis of Manak Aluminium ( (MANAKALUCO_BE) ) based on a short term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Manak Aluminium ( (MANAKALUCO_BE) ) based on a short to mid term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Manak Aluminium ( (MANAKALUCO_BE) ) based on a mid to longer term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

ADX buy sell signal for Manak Aluminium stock for short term is BUY. Signal strength is Weak and stock is losing momentum.

MACD generated a SELL signal for Manak Aluminium in short term but the sell signal is initial and weak.

Manak Aluminium Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.

Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be moving up

CCI has generated a buy signal for Manak Aluminium in short term but BUY signal is weak.

RSI is generating a BUY signal in short term but buying is losing momentum.

MRSI is in negative zone. This is the SELL zone

Stock of Manak Aluminium is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 37.7 and Manak Aluminium (MANAKALUCO_BE) stock is trading below this level. This means that stock is falling with high volumes. VWAP is rising upwards.

People seem to be coming out and selling the Manak Aluminium (MANAKALUCO_BE) stock. Volume based technical analysis of Manak Aluminium (MANAKALUCO_BE) stock is negative.

Manak Aluminium Stock has given negative returns over a short term period. Returns for a longer term period have been positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.