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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 2024-08-07 View latest technical analysis

10 day averaged volume of Manak Aluminium is 49198

Date	Daily Closing Price	Open	High	Low	Volume
07 Wed Aug 2024	30.70	29.85	30.80	29.46	0.226 times
06 Tue Aug 2024	29.46	29.06	30.22	29.05	0.53 times
05 Mon Aug 2024	29.52	31.00	31.08	29.52	1.014 times
02 Fri Aug 2024	31.08	30.66	31.90	30.21	0.748 times
01 Thu Aug 2024	31.29	33.00	33.05	31.00	0.975 times
31 Wed Jul 2024	32.10	31.80	32.55	31.55	0.913 times
30 Tue Jul 2024	32.05	32.00	32.90	32.00	0.801 times
29 Mon Jul 2024	32.26	33.00	33.35	32.00	1.466 times
26 Fri Jul 2024	33.06	32.30	34.00	32.01	1.03 times
25 Thu Jul 2024	33.34	34.25	34.25	32.00	1.483 times

My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 31.6 as stoploss in an intra day sell trade for a target of 28.41. However, stock will show a bullish move above 31.6.

Share price targets for Manak Aluminium (MANAKALUCO_BE)

Target Type	Value
Downside Target	22.65
Downside Target	24.05
Downside Target	26.10
Downside Target	29.05
Downside Target	30.21
Upside Target	31.55
Upside Target	32.00
Upside Target	33.05
Upside Target	33.30
Upside Target	33.35
Upside Target	34.25

Intraday share price targets for Manak Aluminium (MANAKALUCO_BE)

Target Type	Value
Downside Intraday Target	29.47
Downside Intraday Target	28.25
Upside Intraday Target	31.5
Upside Intraday Target	32.31
Downside Intraday Target	30.28

Weekly technical analysis of Manak Aluminium (MANAKALUCO_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
07 Wed Aug 2024	30.70	31.00	31.08	29.05	0.361 times
02 Fri Aug 2024	31.08	33.00	33.35	30.21	1.951 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

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
07 Wed Aug 2024	30.70	33.00	33.05	29.05	0.614 times
31 Wed Jul 2024	32.10	34.25	34.25	31.55	0.365 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

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 to mid 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 mid to longer term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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

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

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. Bears are getting stronger in this stock.

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

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

RSI is generating a BUY signal in short term but buying is losing 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 31.79 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 positive

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