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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 2024-01-29 View latest technical analysis

10 day averaged volume of Manaksia Steels is 1461479

Date	Daily Closing Price	Open	High	Low	Volume
29 Mon Jan 2024	101.75	102.00	102.00	96.05	1.548 times
25 Thu Jan 2024	92.75	92.00	92.75	86.00	1.319 times
24 Wed Jan 2024	84.35	76.70	84.35	75.95	0.447 times
23 Tue Jan 2024	76.70	87.00	88.00	75.00	1.466 times
22 Mon Jan 2024	81.95	71.50	81.95	71.50	1.627 times
19 Fri Jan 2024	68.30	60.90	69.70	60.50	2.046 times
18 Thu Jan 2024	59.95	57.30	60.90	56.70	0.795 times
17 Wed Jan 2024	57.05	57.40	58.40	56.70	0.172 times
16 Tue Jan 2024	57.90	57.95	59.20	54.70	0.524 times
15 Mon Jan 2024	57.65	59.50	59.65	56.15	0.374 times

Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 97.4, for a target of 78.6 or 62.92

Share price targets for Manaksia Steels (MANAKSTEEL)

Target Type	Value
Downside Target	39.55
Downside Target	42.10
Downside Target	43.40
Downside Target	45.20
Downside Target	47.75
Downside Target	50.00
Downside Target	54.70
Downside Target	62.40
Downside Target	69.70
Downside Target	71.50
Downside Target	92.75
Downside Target	96.05
Upside Target	102.00

Intraday share price targets for Manaksia Steels (MANAKSTEEL)

Target Type	Value
Downside Intraday Target	97.87
Downside Intraday Target	93.98
Upside Intraday Target	103.82
Upside Intraday Target	105.88
Downside Intraday Target	99.93

Weekly technical analysis of Manaksia Steels (MANAKSTEEL)

Date	Weekly Closing Price	Open	High	Low	Volume
29 Mon Jan 2024	101.75	102.00	102.00	96.05	0.318 times
25 Thu Jan 2024	92.75	71.50	92.75	71.50	1.243 times
19 Fri Jan 2024	68.30	59.50	69.70	54.70	0.561 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

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
29 Mon Jan 2024	101.75	48.00	102.00	47.75	5.304 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 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 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 moving up

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

Although the stock is in the BUY zone, but buying 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 78.74 and Manaksia Steels (MANAKSTEEL) stock is trading above this level. This is a good sign for the stock and it could move higher. 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.