Daily Technical Analysis Weekly Analysis Monthly Analysis Renko chart MACD chart Bollinger Bands chart Stochastics charts Force Index charts

(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 2024-08-14 View latest technical analysis

10 day averaged volume of Manak Aluminium is 29181

Date	Daily Closing Price	Open	High	Low	Volume
14 Wed Aug 2024	28.33	29.00	29.40	27.35	0.707 times
13 Tue Aug 2024	28.79	29.00	29.00	28.10	0.645 times
12 Mon Aug 2024	28.41	29.01	30.00	28.31	0.96 times
09 Fri Aug 2024	29.80	29.75	30.50	29.60	0.493 times
08 Thu Aug 2024	29.96	30.41	31.02	29.75	0.474 times
07 Wed Aug 2024	30.70	29.85	30.80	29.46	0.38 times
06 Tue Aug 2024	29.46	29.06	30.22	29.05	0.894 times
05 Mon Aug 2024	29.52	31.00	31.08	29.52	1.71 times
02 Fri Aug 2024	31.08	30.66	31.90	30.21	1.261 times
01 Thu Aug 2024	31.29	33.00	33.05	31.00	1.644 times

My analysis of stock is bearish for shortterm, and stock might move down till 26.7 or till 23.5. Use a stoploss of 29.38 and if the stock hits stoploss, then it can shoot up till 32.04

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	26.95
Upside Target	29.05
Upside Target	30.00
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	27.12
Downside Intraday Target	25.91
Upside Intraday Target	29.77
Upside Intraday Target	31.21
Upside Intraday Target	28.56

Weekly technical analysis of Manak Aluminium (MANAKALUCO_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
14 Wed Aug 2024	28.33	29.01	30.00	27.35	0.585 times
09 Fri Aug 2024	29.80	31.00	31.08	29.05	0.478 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

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
14 Wed Aug 2024	28.33	33.00	33.05	27.35	0.955 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 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 mid to longer term time period is neutral. A longer time frame might give a better analysis.

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 but the sell signal is initial and weak.

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 green color and prices are in or below the green 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 29.87 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 positive

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