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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 2024-03-19 View latest technical analysis

10 day averaged volume of Manak Aluminium is 46752

Date	Daily Closing Price	Open	High	Low	Volume
19 Tue Mar 2024	30.15	30.20	30.25	28.00	1.81 times
18 Mon Mar 2024	28.85	28.90	29.00	27.65	1.714 times
15 Fri Mar 2024	27.65	27.00	27.65	26.80	0.274 times
14 Thu Mar 2024	26.35	24.30	26.35	24.30	0.861 times
13 Wed Mar 2024	25.10	26.85	26.90	25.10	0.676 times
12 Tue Mar 2024	26.40	27.75	27.75	26.40	1.35 times
11 Mon Mar 2024	27.75	28.50	29.70	27.55	0.906 times
07 Thu Mar 2024	28.80	28.95	29.55	28.00	1.217 times
06 Wed Mar 2024	28.95	29.30	31.40	28.90	1.21 times
05 Tue Mar 2024	30.40	31.35	31.80	30.25	0.766 times

My analysis of stock is bearish for shortterm, and stock might move down till 27.6 or till 24.6. Use a stoploss of 30.16 and if the stock hits stoploss, then it can shoot up till 32.68

Share price targets for Manak Aluminium (MANAKALUCO_BE)

Target Type	Value
Downside Target	21.10
Downside Target	22.60
Downside Target	24.30
Downside Target	26.95
Downside Target	27.65
Downside Target	29.25
Upside Target	32.50
Upside Target	33.30
Upside Target	33.75
Upside Target	35.90
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	28.45
Downside Intraday Target	26.75
Upside Intraday Target	31.05
Upside Intraday Target	31.95
Downside Intraday Target	29.35

Weekly technical analysis of Manak Aluminium (MANAKALUCO_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
19 Tue Mar 2024	30.15	28.90	30.25	27.65	0.867 times
15 Fri Mar 2024	27.65	28.50	29.70	24.30	0.964 times
07 Thu Mar 2024	28.80	32.70	32.75	28.00	0.631 times
02 Sat Mar 2024	32.85	33.75	33.75	29.25	0.941 times
23 Fri Feb 2024	33.00	35.10	35.90	32.50	1.056 times

Price has moved up 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
19 Tue Mar 2024	30.15	32.40	33.30	24.30	0.322 times
29 Thu Feb 2024	31.75	38.40	41.40	29.25	14.63 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

Scroll below to view daily charts

Price has moved down this month, but volume has not increased substantially. This means that the move can be temporary and might not 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 positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

Price action analysis of Manak Aluminium ( (MANAKALUCO_BE) ) based on a short term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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 SELL. Signal strength is Weak and stock is losing momentum.

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

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Manak Aluminium Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bulls are getting stronger in this stock.

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

CCI has generated a buy signal for Manak Aluminium in short term and BUY signal is strong.

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

MRSI is in negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling might be slowing down

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

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 28.32 and Manak Aluminium (MANAKALUCO_BE) stock is trading above this level. This is a good sign for the stock and it could move higher. 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 negative.

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