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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 2024-09-24 View latest technical analysis

10 day averaged volume of Manak Aluminium is 31578

Date	Daily Closing Price	Open	High	Low	Volume
24 Tue Sep 2024	30.01	31.80	31.80	29.90	2.087 times
23 Mon Sep 2024	30.93	30.70	31.00	30.00	1.316 times
20 Fri Sep 2024	29.91	31.00	31.90	29.77	0.904 times
19 Thu Sep 2024	30.63	31.77	32.25	30.50	0.697 times
18 Wed Sep 2024	31.77	31.75	32.15	30.77	2.382 times
17 Tue Sep 2024	31.36	31.40	31.50	30.03	1.622 times
16 Mon Sep 2024	30.62	29.00	30.90	29.00	0.984 times
13 Fri Sep 2024	29.62	29.56	30.20	28.51	0.914 times
12 Thu Sep 2024	29.57	30.48	30.48	29.06	0.413 times
11 Wed Sep 2024	30.19	30.60	30.60	29.51	0.228 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 29.9 as stoploss in an intra day buy trade for a target of 30.42. However, stock will show a bearish move below 29.9.

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
Upside Target	30.60
Upside Target	31.80
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	29.34
Downside Intraday Target	28.67
Upside Intraday Target	31.24
Upside Intraday Target	32.47
Upside Intraday Target	30.57

Weekly technical analysis of Manak Aluminium (MANAKALUCO_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
24 Tue Sep 2024	30.01	30.70	31.80	29.90	0.516 times
20 Fri Sep 2024	29.91	29.00	32.25	29.00	2.599 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

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
24 Tue Sep 2024	30.01	30.00	32.25	28.51	0.617 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 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 negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this 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 gaining momentum.

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

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 getting stronger in this stock.

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 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 30.71 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.