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

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

10 day averaged volume of Manaksia Steels is 16393

Date	Daily Closing Price	Open	High	Low	Volume
17 Fri May 2024	60.70	64.95	64.95	60.05	4.165 times
16 Thu May 2024	63.20	63.20	63.20	63.20	1.721 times
15 Wed May 2024	60.20	60.20	60.20	60.20	1.338 times
14 Tue May 2024	57.35	57.35	57.35	57.35	0.4 times
13 Mon May 2024	54.65	52.25	54.65	52.25	2.034 times
10 Fri May 2024	52.05	52.00	52.05	52.00	1.67 times
09 Thu May 2024	53.05	54.10	54.10	53.05	0.57 times
08 Wed May 2024	54.10	54.70	54.70	54.10	0.882 times
07 Tue May 2024	55.20	55.20	55.20	55.20	0.205 times
06 Mon May 2024	56.30	56.30	56.30	56.30	0.671 times

Stock of Manaksia Steels (MANAKSTEEL_BE) has showed a significant fall. This could be a good time to exit from this stock.

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 59.8, but if it comes below 59.8, then a intra day sell could be more profitable.
If you take a sell trade below 59.8, then use 59.8 as stoploss and 57.26 as target. However if you take a buy trade in stock , then use 59.8 as stoploss and 62.9 as target.

Share price targets for Manaksia Steels (MANAKSTEEL_BE)

Target Type	Value
Downside Target	51.80
Downside Target	56.00
Downside Target	57.45
Upside Target	61.90
Upside Target	64.95
Upside Target	70.60
Upside Target	70.95
Upside Target	77.00
Upside Target	91.00
Upside Target	96.85
Upside Target	98.40

Intraday share price targets for Manaksia Steels (MANAKSTEEL_BE)

Target Type	Value
Downside Intraday Target	53.65
Downside Intraday Target	46.6
Upside Intraday Target	66.35
Upside Intraday Target	72
Downside Intraday Target	59.3

Weekly technical analysis of Manaksia Steels (MANAKSTEEL_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
17 Fri May 2024	60.70	52.25	64.95	52.25	2.415 times
10 Fri May 2024	52.05	56.30	56.30	52.00	1.482 times
03 Fri May 2024	57.45	58.30	59.45	57.45	0.36 times
26 Fri Apr 2024	58.05	58.50	59.00	56.00	1.792 times
19 Fri Apr 2024	58.50	61.90	61.90	58.35	2.51 times

Price has moved up this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Manaksia Steels (MANAKSTEEL_BE)

Date	Monthly Closing Price	Open	High	Low	Volume
17 Fri May 2024	60.70	59.25	64.95	52.00	0.433 times
30 Tue Apr 2024	59.25	58.80	70.95	56.00	0.344 times
28 Thu Mar 2024	56.20	74.50	77.00	51.80	0.655 times
29 Thu Feb 2024	74.50	93.50	96.85	70.60	7.243 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_BE)

Price action analysis of Manaksia Steels ( (MANAKSTEEL_BE) ) 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_BE) ) 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_BE) ) based on a short to mid term time period is neutral. A longer time frame might give a better analysis.

Price action analysis of Manaksia Steels ( (MANAKSTEEL_BE) ) based on a mid to longer term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

ADX buy sell signal for Manaksia Steels stock for short term is BUY. Signal strength is Weak and stock is losing momentum.

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

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 tired and bears are picking up momentum.

Ichimoku cloud is of red color and prices are in or above the red 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

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 57.86 and Manaksia Steels (MANAKSTEEL_BE) 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_BE) stock. Volume based technical analysis of Manaksia Steels (MANAKSTEEL_BE) stock is negative.

Manaksia Steels Stock is giving positive returns over a short term period. Returns for a longer term period have been negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.