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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 2024-09-17 View latest technical analysis

10 day averaged volume of Manak Aluminium is 27159

Date	Daily Closing Price	Open	High	Low	Volume
17 Tue Sep 2024	31.36	31.40	31.50	30.03	1.885 times
16 Mon Sep 2024	30.62	29.00	30.90	29.00	1.144 times
13 Fri Sep 2024	29.62	29.56	30.20	28.51	1.062 times
12 Thu Sep 2024	29.57	30.48	30.48	29.06	0.481 times
11 Wed Sep 2024	30.19	30.60	30.60	29.51	0.265 times
10 Tue Sep 2024	30.26	30.00	30.76	29.55	0.628 times
09 Mon Sep 2024	30.00	30.30	31.20	29.40	0.512 times
06 Fri Sep 2024	30.38	31.80	31.80	30.21	2.173 times
05 Thu Sep 2024	30.86	31.10	31.95	30.01	1.868 times
04 Wed Sep 2024	30.67	30.00	31.00	29.50	1.133 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 31, but if it comes below 31, then a intra day sell could be more profitable.
If you take a sell trade below 31, then use 31 as stoploss and 30.49 as target. However if you take a buy trade in stock , then use 31 as stoploss and 31.7 as target.

Share price targets for Manak Aluminium (MANAKALUCO_BE)

Target Type	Value
Downside Target	22.65
Downside Target	26.10
Downside Target	26.95
Downside Target	28.51
Downside Target	30.60
Upside Target	31.55
Upside Target	31.88
Upside Target	31.94
Upside Target	31.95
Upside Target	33.05
Upside Target	34.25

Intraday share price targets for Manak Aluminium (MANAKALUCO_BE)

Target Type	Value
Downside Intraday Target	29.74
Downside Intraday Target	28.12
Upside Intraday Target	32.24
Upside Intraday Target	33.12
Downside Intraday Target	30.62

Weekly technical analysis of Manak Aluminium (MANAKALUCO_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
17 Tue Sep 2024	31.36	29.00	31.50	29.00	1.028 times
13 Fri Sep 2024	29.62	30.30	31.20	28.51	0.472 times
06 Fri Sep 2024	30.38	30.00	31.95	29.43	0.777 times
30 Fri Aug 2024	30.13	31.60	31.94	30.00	0.539 times
23 Fri Aug 2024	31.05	28.80	31.88	27.70	4.399 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
17 Tue Sep 2024	31.36	30.00	31.95	28.51	0.362 times
30 Fri Aug 2024	30.13	33.00	33.05	27.35	3.271 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

Scroll below to view daily charts

Price has moved up 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 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 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 BUY. Signal strength is Weak and stock is gaining 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 in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bulls 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 and BUY 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 30.54 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.