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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 2024-04-15 View latest technical analysis

10 day averaged volume of Manak Aluminium is 42141

Date	Daily Closing Price	Open	High	Low	Volume
15 Mon Apr 2024	26.85	27.20	27.20	26.65	0.17 times
12 Fri Apr 2024	27.20	27.10	27.20	27.10	0.14 times
10 Wed Apr 2024	27.60	27.60	27.60	27.60	0.209 times
09 Tue Apr 2024	28.15	28.50	28.50	28.15	0.074 times
08 Mon Apr 2024	28.70	28.75	28.75	28.70	0.224 times
05 Fri Apr 2024	29.25	29.25	29.25	29.25	0.305 times
04 Thu Apr 2024	29.85	29.90	30.60	29.00	1.405 times
03 Wed Apr 2024	29.40	28.95	30.00	27.50	3.576 times
02 Tue Apr 2024	28.95	28.50	28.95	27.50	1.038 times
01 Mon Apr 2024	27.60	27.40	27.60	26.50	0.671 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 26.5 as stoploss in an intra day buy trade for a target of 27.84. However, stock will show a bearish move below 26.5.

Share price targets for Manak Aluminium (MANAKALUCO_BE)

Target Type	Value
Downside Target	22.60
Downside Target	24.30
Downside Target	25.25
Downside Target	25.95
Downside Target	26.50
Upside Target	28.75
Upside Target	30.60
Upside Target	31.15
Upside Target	33.30
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	26.6
Downside Intraday Target	26.35
Upside Intraday Target	27.15
Upside Intraday Target	27.45
Upside Intraday Target	26.9

Weekly technical analysis of Manak Aluminium (MANAKALUCO_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
15 Mon Apr 2024	26.85	27.20	27.20	26.65	0.263 times
12 Fri Apr 2024	27.20	28.75	28.75	27.10	0.093 times
05 Fri Apr 2024	29.25	27.40	30.60	26.50	1.191 times
28 Thu Mar 2024	26.30	26.50	27.50	25.25	0.474 times
22 Fri Mar 2024	26.35	28.90	31.15	25.95	2.747 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 Mon Apr 2024	26.85	27.40	30.60	26.50	0.271 times
28 Thu Mar 2024	26.30	32.40	33.30	24.30	0.642 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

Scroll below to view daily charts

Price has moved up 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 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 term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

Price action analysis of Manak Aluminium ( (MANAKALUCO_BE) ) based on a short to mid 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 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 gaining momentum.

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

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 red color and prices are below the red cloud Prices appear to be coming down

CCI has generated a SELL signal for Manak Aluminium in short term and SELL signal is strong!

RSI is generating a BUY signal in short term and the buying is gaining 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 29.09 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 is giving positive 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.