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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 2024-08-19 View latest technical analysis

10 day averaged volume of Manak Aluminium is 24424

Date	Daily Closing Price	Open	High	Low	Volume
19 Mon Aug 2024	28.15	28.80	28.99	27.70	2.411 times
16 Fri Aug 2024	28.38	28.33	29.50	27.65	1.011 times
14 Wed Aug 2024	28.33	29.00	29.40	27.35	0.844 times
13 Tue Aug 2024	28.79	29.00	29.00	28.10	0.771 times
12 Mon Aug 2024	28.41	29.01	30.00	28.31	1.146 times
09 Fri Aug 2024	29.80	29.75	30.50	29.60	0.588 times
08 Thu Aug 2024	29.96	30.41	31.02	29.75	0.567 times
07 Wed Aug 2024	30.70	29.85	30.80	29.46	0.454 times
06 Tue Aug 2024	29.46	29.06	30.22	29.05	1.068 times
05 Mon Aug 2024	29.52	31.00	31.08	29.52	2.043 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, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 27.5 as stoploss in an intra day buy trade for a target of 29.73. However, stock will show a bearish move below 27.5.

Share price targets for Manak Aluminium (MANAKALUCO_BE)

Target Type	Value
Downside Target	22.65
Downside Target	24.30
Downside Target	26.10
Downside Target	26.95
Upside Target	28.99
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	27.57
Downside Intraday Target	26.99
Upside Intraday Target	28.86
Upside Intraday Target	29.57
Upside Intraday Target	28.28

Weekly technical analysis of Manak Aluminium (MANAKALUCO_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
19 Mon Aug 2024	28.15	28.80	28.99	27.70	0.639 times
16 Fri Aug 2024	28.38	29.01	30.00	27.35	0.799 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

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
19 Mon Aug 2024	28.15	33.00	33.05	27.35	1.254 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 weakening, and bulls are picking up momentum!

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

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 28.93 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.