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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)

10 day averaged volume of Manaksia Steels is 986129

Date Daily Closing Price Open High Low Volume
17 Mon Jan 2022 51.10 50.00 54.60 49.75 2.035 times
14 Fri Jan 2022 49.50 41.70 50.20 40.70 2.725 times
13 Thu Jan 2022 41.85 41.60 42.30 40.60 0.158 times
12 Wed Jan 2022 40.80 40.80 42.75 39.60 0.253 times
11 Tue Jan 2022 39.90 44.50 44.95 38.80 0.43 times
10 Mon Jan 2022 44.70 44.60 46.85 44.05 0.315 times
07 Fri Jan 2022 44.10 44.40 48.75 42.00 2.035 times
06 Thu Jan 2022 41.75 35.65 42.40 35.65 1.243 times
05 Wed Jan 2022 36.15 36.80 37.75 34.50 0.278 times
04 Tue Jan 2022 36.80 39.40 41.80 35.45 1.104 times

Stock of Manaksia Steels (MANAKSTEEL) has showed a significant upmove. This could be a good time to enter in this stock!

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 51.2, for a target of 43.8 or 37.6

Share price targets for Manaksia Steels (MANAKSTEEL)

Target Type Value
Downside Target 28.10
Downside Target 29.55
Downside Target 31.35
Downside Target 32.70
Downside Target 33.80
Downside Target 37.95
Downside Target 38.80
Downside Target 40.10
Downside Target 40.20
Downside Target 48.75
Downside Target 49.75
Downside Target 50.20
Upside Target 54.60

Intraday share price targets for Manaksia Steels (MANAKSTEEL)

Target Type Value
Downside Intraday Target 49.03
Downside Intraday Target 46.97
Upside Intraday Target 53.88
Upside Intraday Target 56.67
Upside Intraday Target 51.82

Weekly technical analysis of Manaksia Steels (MANAKSTEEL)

Date Weekly Closing Price Open High Low Volume
17 Mon Jan 2022 51.10 50.00 54.60 49.75 0.524 times
14 Fri Jan 2022 49.50 44.60 50.20 38.80 0.634 times
07 Fri Jan 2022 44.10 32.30 48.75 31.75 3.542 times
31 Fri Dec 2021 32.00 32.70 34.35 31.35 6.755 times
24 Fri Dec 2021 31.65 32.00 32.70 29.55 0.6 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
17 Mon Jan 2022 51.10 32.30 54.60 31.75 2.929 times
31 Fri Dec 2021 32.00 36.80 37.95 29.55 2.005 times
30 Tue Nov 2021 36.05 30.10 40.10 28.30 1.44 times
29 Fri Oct 2021 29.90 31.90 33.80 28.10 0.468 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)

Indicator Name Indicator Value Indicator Signal
ADX 51, 12, 63 Buy
MACD 6, 4Buy
Stochastics 80Buy
CCI 169Buy
RSI 62Buy
OBV 9222639Sell
VWAP 45Buy
ADL 0Sell
ROC 33Buy
Force Index 0Sell

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 term time period is

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 red color and prices are in or above the red 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 but buying is losing 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 45.33 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.

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Daily charts

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Daily chart

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