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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 2024-01-17 View latest technical analysis

10 day averaged volume of Manaksia Steels is 1191418

Date	Daily Closing Price	Open	High	Low	Volume
17 Wed Jan 2024	57.05	57.40	58.40	56.70	0.211 times
16 Tue Jan 2024	57.90	57.95	59.20	54.70	0.643 times
15 Mon Jan 2024	57.65	59.50	59.65	56.15	0.458 times
12 Fri Jan 2024	57.65	62.00	62.40	57.00	1.509 times
11 Thu Jan 2024	61.70	51.95	61.70	51.95	5.607 times
10 Wed Jan 2024	51.45	52.05	53.70	51.00	0.229 times
09 Tue Jan 2024	52.40	53.30	53.95	51.50	0.459 times
08 Mon Jan 2024	52.30	49.15	53.00	48.50	0.752 times
05 Fri Jan 2024	48.50	49.10	49.80	48.20	0.105 times
04 Thu Jan 2024	48.90	49.65	50.00	48.70	0.136 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 55.8, but if it comes below 55.8, then a intra day sell could be more profitable.
If you take a sell trade below 55.8, then use 55.8 as stoploss and 51.03 as target. However if you take a buy trade in stock , then use 55.8 as stoploss and 61.6 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
Upside Target	59.65
Upside Target	62.40

Intraday share price targets for Manaksia Steels (MANAKSTEEL)

Target Type	Value
Downside Intraday Target	54.62
Downside Intraday Target	52.18
Upside Intraday Target	59.57
Upside Intraday Target	62.08
Upside Intraday Target	57.13

Weekly technical analysis of Manaksia Steels (MANAKSTEEL)

Date	Weekly Closing Price	Open	High	Low	Volume
17 Wed Jan 2024	57.05	59.50	59.65	54.70	0.153 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
17 Wed Jan 2024	57.05	48.00	62.40	47.75	2.552 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 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 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 gaining 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 in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. 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 buy signal for Manaksia Steels in short term and BUY signal is strong.

RSI is generating a BUY signal in short term and the buying is gaining momentum.

MRSI is in positive zone. This is a BUY 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 58.91 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.