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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 2024-08-27 View latest technical analysis

10 day averaged volume of Manak Aluminium is 57897

Date	Daily Closing Price	Open	High	Low	Volume
27 Tue Aug 2024	31.23	31.34	31.80	30.00	1.022 times
26 Mon Aug 2024	31.34	31.60	31.94	30.70	1.407 times
23 Fri Aug 2024	31.05	30.45	31.88	29.50	1.511 times
22 Thu Aug 2024	30.69	31.40	31.40	28.85	1.916 times
21 Wed Aug 2024	30.37	29.80	30.70	29.52	1.248 times
20 Tue Aug 2024	29.28	28.50	29.55	27.75	1.308 times
19 Mon Aug 2024	28.15	28.80	28.99	27.70	1.017 times
16 Fri Aug 2024	28.38	28.33	29.50	27.65	0.427 times
14 Wed Aug 2024	28.33	29.00	29.40	27.35	0.356 times
13 Tue Aug 2024	28.79	29.00	29.00	28.10	0.325 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 31.3 as stoploss in an intra day sell trade for a target of 30.1. However, stock will show a bullish move above 31.3.

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
Downside Target	30.00
Upside Target	31.55
Upside Target	31.88
Upside Target	31.94
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	30.17
Downside Intraday Target	29.12
Upside Intraday Target	32.11
Upside Intraday Target	33
Downside Intraday Target	31.06

Weekly technical analysis of Manak Aluminium (MANAKALUCO_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
27 Tue Aug 2024	31.23	31.60	31.94	30.00	0.347 times
23 Fri Aug 2024	31.05	28.80	31.88	27.70	4.399 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

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
27 Tue Aug 2024	31.23	33.00	33.05	27.35	2.993 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 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 Weak 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 stronger in this stock.

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 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 30.19 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.