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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 2024-08-20 View latest technical analysis

10 day averaged volume of Manak Aluminium is 26634

Date	Daily Closing Price	Open	High	Low	Volume
20 Tue Aug 2024	29.28	28.50	29.55	27.75	2.844 times
19 Mon Aug 2024	28.15	28.80	28.99	27.70	2.211 times
16 Fri Aug 2024	28.38	28.33	29.50	27.65	0.927 times
14 Wed Aug 2024	28.33	29.00	29.40	27.35	0.774 times
13 Tue Aug 2024	28.79	29.00	29.00	28.10	0.707 times
12 Mon Aug 2024	28.41	29.01	30.00	28.31	1.051 times
09 Fri Aug 2024	29.80	29.75	30.50	29.60	0.54 times
08 Thu Aug 2024	29.96	30.41	31.02	29.75	0.52 times
07 Wed Aug 2024	30.70	29.85	30.80	29.46	0.417 times
06 Tue Aug 2024	29.46	29.06	30.22	29.05	0.979 times

Stock of Manak Aluminium (MANAKALUCO_BE) has showed a significant upmove. This could be a good time to enter in this stock!

My analysis of stock is bearish for shortterm, and stock might move down till 27.9 or till 25.5. Use a stoploss of 29.91 and if the stock hits stoploss, then it can shoot up till 31.93

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
Downside Target	29.05
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	28.14
Downside Intraday Target	26.99
Upside Intraday Target	29.99
Upside Intraday Target	30.69
Downside Intraday Target	28.84

Weekly technical analysis of Manak Aluminium (MANAKALUCO_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
20 Tue Aug 2024	29.28	28.80	29.55	27.70	1.461 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 up 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
20 Tue Aug 2024	29.28	33.00	33.05	27.35	1.524 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, and volume has increased substantially. This means that the move can 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 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 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 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 losing momentum.

MACD generated a SELL signal for Manak Aluminium in short term but the sell signal is initial and weak.

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

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 weakening, and bulls are picking up momentum!

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 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 28.92 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 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.