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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 2024-05-15 View latest technical analysis

10 day averaged volume of Manak Aluminium is 20610

Date	Daily Closing Price	Open	High	Low	Volume
15 Wed May 2024	25.65	26.50	26.60	25.00	3.475 times
14 Tue May 2024	25.65	24.45	25.65	24.35	1.367 times
13 Mon May 2024	24.45	23.50	24.70	22.65	2.925 times
10 Fri May 2024	23.55	23.45	23.55	23.45	0.436 times
09 Thu May 2024	23.90	24.25	24.25	23.90	0.425 times
08 Wed May 2024	24.35	24.10	24.35	24.10	1.395 times
07 Tue May 2024	24.60	24.60	24.60	24.60	0.483 times
06 Mon May 2024	25.10	25.10	25.10	25.10	0.271 times
03 Fri May 2024	25.60	26.10	26.10	25.60	0.929 times
02 Thu May 2024	26.10	26.10	26.10	26.10	1.469 times

Stock of Manak Aluminium (MANAKALUCO_BE) has showed a significant fall. This could be a good time to exit from this stock.

My analysis of stock is bearish for shortterm, and stock might move down till 24.7 or till 23.4. Use a stoploss of 25.84 and if the stock hits stoploss, then it can shoot up till 26.96

Share price targets for Manak Aluminium (MANAKALUCO_BE)

Target Type	Value
Downside Target	22.65
Downside Target	23.45
Downside Target	24.30
Downside Target	25.10
Upside Target	27.25
Upside Target	27.65
Upside Target	29.25
Upside Target	30.60
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	23.33
Downside Intraday Target	21.02
Upside Intraday Target	27.28
Upside Intraday Target	28.92
Downside Intraday Target	24.97

Weekly technical analysis of Manak Aluminium (MANAKALUCO_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
15 Wed May 2024	25.65	23.50	26.60	22.65	2.581 times
10 Fri May 2024	23.55	25.10	25.10	23.45	0.834 times
03 Fri May 2024	25.60	27.25	27.25	25.60	1.16 times
26 Fri Apr 2024	27.25	26.70	27.65	26.10	1.302 times
19 Fri Apr 2024	26.70	27.20	27.35	26.45	1.804 times

Price has moved up this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Manak Aluminium (MANAKALUCO_BE)

Date	Monthly Closing Price	Open	High	Low	Volume
15 Wed May 2024	25.65	26.10	26.60	22.65	0.59 times
30 Tue Apr 2024	26.60	27.40	30.60	26.10	0.38 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

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 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 BUY. Signal strength is Weak and stock is gaining momentum.

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

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 coming down

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

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 25.12 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.