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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 2024-05-21 View latest technical analysis

10 day averaged volume of Manak Aluminium is 45537

Date	Daily Closing Price	Open	High	Low	Volume
21 Tue May 2024	24.50	25.35	25.35	24.05	1.141 times
18 Sat May 2024	24.95	24.90	25.50	24.30	0.29 times
17 Fri May 2024	24.90	25.40	25.65	23.90	3.379 times
16 Thu May 2024	25.15	26.05	26.05	25.00	1.576 times
15 Wed May 2024	25.65	26.50	26.60	25.00	1.573 times
14 Tue May 2024	25.65	24.45	25.65	24.35	0.619 times
13 Mon May 2024	24.45	23.50	24.70	22.65	1.324 times
10 Fri May 2024	23.55	23.45	23.55	23.45	0.197 times
09 Thu May 2024	23.90	24.25	24.25	23.90	0.192 times
08 Wed May 2024	24.35	24.10	24.35	24.10	0.631 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 24.4 as stoploss in an intra day buy trade for a target of 25.49. However, stock will show a bearish move below 24.4.

Share price targets for Manak Aluminium (MANAKALUCO_BE)

Target Type	Value
Downside Target	22.65
Downside Target	23.45
Downside Target	24.05
Upside 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	23.92
Downside Intraday Target	23.33
Upside Intraday Target	25.22
Upside Intraday Target	25.93
Upside Intraday Target	24.63

Weekly technical analysis of Manak Aluminium (MANAKALUCO_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
21 Tue May 2024	24.50	25.35	25.35	24.05	0.13 times
18 Sat May 2024	24.95	23.50	26.60	22.65	6.432 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

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
21 Tue May 2024	24.50	26.10	26.60	22.65	1.222 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 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 trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

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

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 tired and bears are picking up momentum.

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 24.92 and Manak Aluminium (MANAKALUCO_BE) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down

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.