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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 2024-09-19 View latest technical analysis

10 day averaged volume of Manak Aluminium is 34731

Date	Daily Closing Price	Open	High	Low	Volume
19 Thu Sep 2024	30.63	31.77	32.25	30.50	0.634 times
18 Wed Sep 2024	31.77	31.75	32.15	30.77	2.166 times
17 Tue Sep 2024	31.36	31.40	31.50	30.03	1.474 times
16 Mon Sep 2024	30.62	29.00	30.90	29.00	0.895 times
13 Fri Sep 2024	29.62	29.56	30.20	28.51	0.831 times
12 Thu Sep 2024	29.57	30.48	30.48	29.06	0.376 times
11 Wed Sep 2024	30.19	30.60	30.60	29.51	0.207 times
10 Tue Sep 2024	30.26	30.00	30.76	29.55	0.491 times
09 Mon Sep 2024	30.00	30.30	31.20	29.40	0.4 times
06 Fri Sep 2024	30.38	31.80	31.80	30.21	1.699 times

My analysis of stock is bullish for shortterm, and stock might move up till 31.2 or till 31.9. Use a stoploss of 30.56 and if this stock hits its stoploss, then it can fall down till 29.96

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	31.88
Upside Target	31.94
Upside Target	31.95
Upside Target	32.25
Upside Target	33.05
Upside Target	34.25

Intraday share price targets for Manak Aluminium (MANAKALUCO_BE)

Target Type	Value
Downside Intraday Target	29
Downside Intraday Target	27.38
Upside Intraday Target	32.25
Upside Intraday Target	33.88
Downside Intraday Target	30.63

Weekly technical analysis of Manak Aluminium (MANAKALUCO_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
19 Thu Sep 2024	30.63	29.00	32.25	29.00	2.242 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, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Manak Aluminium (MANAKALUCO_BE)

Date	Monthly Closing Price	Open	High	Low	Volume
19 Thu Sep 2024	30.63	30.00	32.25	28.51	0.469 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 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 positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

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.

Manak Aluminium Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears are picking up momentum.

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 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 30.78 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 negative.

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