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(MANAKSTEEL) Manaksia Steels complete technical analysis [charts+indicators] | Buy/Sell Manaksia Steels | (MANAKSTEEL) share price targets

Complete technical analysis of Manaksia Steels (MANAKSTEEL) by charts plus indicators, forecast predictions and share price targets for Manaksia Steels (MANAKSTEEL)

Showing technical analysis as on 2024-01-05 View latest technical analysis

10 day averaged volume of Manaksia Steels is 330236

Date	Daily Closing Price	Open	High	Low	Volume
05 Fri Jan 2024	48.50	49.10	49.80	48.20	0.379 times
04 Thu Jan 2024	48.90	49.65	50.00	48.70	0.492 times
03 Wed Jan 2024	48.90	49.30	49.70	48.70	0.364 times
02 Tue Jan 2024	49.30	49.00	49.50	48.10	0.458 times
01 Mon Jan 2024	48.85	48.00	49.50	47.75	0.651 times
29 Fri Dec 2023	47.75	48.80	48.80	47.10	0.591 times
28 Thu Dec 2023	48.40	49.40	50.20	47.55	1.317 times
27 Wed Dec 2023	49.05	50.50	50.75	48.10	0.95 times
26 Tue Dec 2023	49.00	45.40	50.45	44.60	4.695 times
22 Fri Dec 2023	44.80	45.75	45.90	44.50	0.236 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 48.8 as stoploss in an intra day sell trade for a target of 46.9. However, stock will show a bullish move above 48.8.

Share price targets for Manaksia Steels (MANAKSTEEL)

Target Type	Value
Downside Target	39.55
Downside Target	42.10
Downside Target	43.40
Downside Target	46.70
Downside Target	48.45
Downside Target	48.50
Upside Target	50.00
Upside Target	50.05
Upside Target	50.75
Upside Target	54.70

Intraday share price targets for Manaksia Steels (MANAKSTEEL)

Target Type	Value
Downside Intraday Target	47.5
Downside Intraday Target	46.5
Upside Intraday Target	49.75
Upside Intraday Target	51
Upside Intraday Target	48.75

Weekly technical analysis of Manaksia Steels (MANAKSTEEL)

Date	Weekly Closing Price	Open	High	Low	Volume
05 Fri Jan 2024	48.50	48.00	50.00	47.75	0.31 times
29 Fri Dec 2023	47.75	45.40	50.75	44.60	4.321 times
22 Fri Dec 2023	44.80	46.50	47.60	43.40	0.604 times
15 Fri Dec 2023	46.50	44.75	48.45	44.25	1.322 times
08 Fri Dec 2023	44.25	46.05	46.70	43.40	1.189 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 Manaksia Steels (MANAKSTEEL)

Date	Monthly Closing Price	Open	High	Low	Volume
05 Fri Jan 2024	48.50	48.00	50.00	47.75	0.158 times
29 Fri Dec 2023	47.75	45.00	50.75	43.40	2.097 times
30 Thu Nov 2023	45.10	43.10	50.05	42.10	1.14 times
31 Tue Oct 2023	42.35	47.15	48.50	39.55	0.431 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 Manaksia Steels (MANAKSTEEL)

Price action analysis of Manaksia Steels ( (MANAKSTEEL) ) 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 Manaksia Steels ( (MANAKSTEEL) ) based on a short 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 Manaksia Steels ( (MANAKSTEEL) ) 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 Manaksia Steels ( (MANAKSTEEL) ) 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 Manaksia Steels stock for short term is BUY. Signal strength is Strong and stock is losing momentum.

MACD generated a BUY signal for Manaksia Steels in short term and the buy signal is strong.

Manaksia Steels 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 Manaksia Steels 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

Stock of Manaksia Steels is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 48.73 and Manaksia Steels (MANAKSTEEL) stock is trading below this level. This means that stock is falling with high volumes. VWAP is rising upwards.

People seem to be coming out and selling the Manaksia Steels (MANAKSTEEL) stock. Volume based technical analysis of Manaksia Steels (MANAKSTEEL) stock is negative.

Manaksia Steels 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.