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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 2024-01-15 View latest technical analysis

10 day averaged volume of Manaksia Steels is 1096807

Date	Daily Closing Price	Open	High	Low	Volume
15 Mon Jan 2024	57.65	59.50	59.65	56.15	0.498 times
12 Fri Jan 2024	57.65	62.00	62.40	57.00	1.639 times
11 Thu Jan 2024	61.70	51.95	61.70	51.95	6.091 times
10 Wed Jan 2024	51.45	52.05	53.70	51.00	0.249 times
09 Tue Jan 2024	52.40	53.30	53.95	51.50	0.499 times
08 Mon Jan 2024	52.30	49.15	53.00	48.50	0.817 times
05 Fri Jan 2024	48.50	49.10	49.80	48.20	0.114 times
04 Thu Jan 2024	48.90	49.65	50.00	48.70	0.148 times
03 Wed Jan 2024	48.90	49.30	49.70	48.70	0.109 times
02 Tue Jan 2024	49.30	49.00	49.50	48.10	0.138 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 54.4, but if it comes below 54.4, then a intra day sell could be more profitable.
If you take a sell trade below 54.4, then use 54.4 as stoploss and 49.94 as target. However if you take a buy trade in stock , then use 54.4 as stoploss and 59.7 as target.

Share price targets for Manaksia Steels (MANAKSTEEL)

Target Type	Value
Downside Target	39.55
Downside Target	42.10
Downside Target	43.40
Downside Target	44.60
Downside Target	47.60
Downside Target	50.00
Downside Target	50.75
Downside Target	54.70
Downside Target	56.15
Upside Target	59.65
Upside Target	62.40

Intraday share price targets for Manaksia Steels (MANAKSTEEL)

Target Type	Value
Downside Intraday Target	55.98
Downside Intraday Target	54.32
Upside Intraday Target	59.48
Upside Intraday Target	61.32
Upside Intraday Target	57.82

Weekly technical analysis of Manaksia Steels (MANAKSTEEL)

Date	Weekly Closing Price	Open	High	Low	Volume
15 Mon Jan 2024	57.65	59.50	59.65	56.15	0.054 times
12 Fri Jan 2024	57.65	49.15	62.40	48.50	13.172 times
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

Price has moved down 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
15 Mon Jan 2024	57.65	48.00	62.40	47.75	2.345 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, and volume has increased substantially. This means that the move can 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 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.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Manaksia Steels Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting stronger in this stock.

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 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 Manaksia Steels is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 58.78 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.