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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)

10 day averaged volume of Manak Aluminium is 9486

Date	Daily Closing Price	Open	High	Low	Volume
24 Wed Apr 2024	26.75	26.45	26.75	26.45	1.506 times
23 Tue Apr 2024	26.40	26.40	26.40	26.10	1.006 times
22 Mon Apr 2024	26.40	26.70	26.70	26.40	0.93 times
19 Fri Apr 2024	26.70	26.45	26.70	26.45	0.913 times
18 Thu Apr 2024	26.95	26.60	26.95	26.60	0.601 times
16 Tue Apr 2024	26.55	26.85	27.35	26.55	2.919 times
15 Mon Apr 2024	26.85	27.20	27.20	26.65	0.755 times
12 Fri Apr 2024	27.20	27.10	27.20	27.10	0.623 times
10 Wed Apr 2024	27.60	27.60	27.60	27.60	0.929 times
09 Tue Apr 2024	28.15	28.50	28.50	28.15	0.329 times

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 26.2 as stoploss in an intra day buy trade for a target of 27.38. However, stock will show a bearish move below 26.2.

Share price targets for Manak Aluminium (MANAKALUCO_BE)

Target Type	Value
Downside Target	22.60
Downside Target	24.30
Downside Target	25.25
Downside Target	26.10
Upside Target	28.75
Upside Target	29.25
Upside Target	30.60
Upside Target	33.30
Upside Target	38.25
Upside Target	40.35
Upside Target	41.40

Intraday share price targets for Manak Aluminium (MANAKALUCO_BE)

Target Type	Value
Downside Intraday Target	26.32
Downside Intraday Target	25.88
Upside Intraday Target	26.97
Upside Intraday Target	27.18
Downside Intraday Target	26.53

Weekly technical analysis of Manak Aluminium (MANAKALUCO_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
24 Wed Apr 2024	26.75	26.70	26.75	26.10	0.664 times
19 Fri Apr 2024	26.70	27.20	27.35	26.45	1.804 times
12 Fri Apr 2024	27.20	28.75	28.75	27.10	0.093 times
05 Fri Apr 2024	29.25	27.40	30.60	26.50	1.191 times
28 Thu Mar 2024	26.30	26.50	27.50	25.25	0.474 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 Wed Apr 2024	26.75	27.40	30.60	26.10	0.333 times
28 Thu Mar 2024	26.30	32.40	33.30	24.30	0.642 times
29 Thu Feb 2024	31.75	38.40	41.40	29.25	14.63 times
31 Wed Jan 2024	38.35	40.35	40.35	38.25	0.088 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 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 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 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 and the sell 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 LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!

Ichimoku cloud is of red color and prices are below the red 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

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 26.79 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.