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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 2024-07-30 View latest technical analysis

10 day averaged volume of Manak Aluminium is 69164

Date	Daily Closing Price	Open	High	Low	Volume
30 Tue Jul 2024	32.05	32.00	32.90	32.00	0.57 times
29 Mon Jul 2024	32.26	33.00	33.35	32.00	1.043 times
26 Fri Jul 2024	33.06	32.30	34.00	32.01	0.732 times
25 Thu Jul 2024	33.34	34.25	34.25	32.00	1.055 times
24 Fri May 2024	25.80	26.85	26.85	25.70	0.739 times
23 Thu May 2024	26.50	26.95	26.95	25.70	1.465 times
22 Wed May 2024	25.70	24.50	25.70	24.40	0.761 times
21 Tue May 2024	24.50	25.35	25.35	24.05	0.751 times
18 Sat May 2024	24.95	24.90	25.50	24.30	0.191 times
17 Fri May 2024	24.90	25.40	25.65	23.90	2.225 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 29.7, but if it comes below 29.7, then a intra day sell could be more profitable.
If you take a sell trade below 29.7, then use 29.7 as stoploss and 26.55 as target. However if you take a buy trade in stock , then use 29.7 as stoploss and 33.5 as target.

Share price targets for Manak Aluminium (MANAKALUCO_BE)

Target Type	Value
Downside Target	22.65
Downside Target	23.45
Downside Target	24.05
Downside Target	25.10
Downside Target	26.10
Downside Target	29.25
Downside Target	30.60
Downside Target	32.00
Upside Target	33.30
Upside Target	33.35
Upside Target	34.25
Upside Target	41.40

Intraday share price targets for Manak Aluminium (MANAKALUCO_BE)

Target Type	Value
Downside Intraday Target	31.58
Downside Intraday Target	31.12
Upside Intraday Target	32.93
Upside Intraday Target	33.82
Upside Intraday Target	32.47

Weekly technical analysis of Manak Aluminium (MANAKALUCO_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
30 Tue Jul 2024	32.05	33.00	33.35	32.00	0.902 times
26 Fri Jul 2024	33.06	34.25	34.25	32.00	0.481 times
24 Fri May 2024	25.80	25.35	26.95	24.05	0.644 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

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
30 Tue Jul 2024	32.05	34.25	34.25	32.00	0.306 times
24 Fri May 2024	25.80	26.10	26.95	22.65	1.667 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

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 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 term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Manak Aluminium ( (MANAKALUCO_BE) ) based on a short to mid term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Manak Aluminium ( (MANAKALUCO_BE) ) based on a mid to longer term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

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

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

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

Manak Aluminium Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears are picking up momentum.

Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be coming down

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

RSI is generating a BUY signal in short term and the buying is gaining momentum.

MRSI is in positive zone. This is a BUY 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 28.04 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 is giving positive 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.