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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)

Showing technical analysis as on 2024-05-03 View latest technical analysis

10 day averaged volume of Manaksia Steels is 19937

Date	Daily Closing Price	Open	High	Low	Volume
03 Fri May 2024	57.45	58.20	58.20	57.45	0.418 times
02 Thu May 2024	58.25	59.25	59.25	58.25	0.429 times
30 Tue Apr 2024	59.25	59.00	59.45	59.00	0.559 times
29 Mon Apr 2024	58.30	58.30	58.40	58.30	0.813 times
26 Fri Apr 2024	58.05	58.10	59.00	58.05	1.329 times
25 Thu Apr 2024	58.05	57.35	58.05	57.35	1.278 times
24 Wed Apr 2024	57.00	56.00	57.00	56.00	0.977 times
23 Tue Apr 2024	56.20	56.20	56.20	56.20	1.794 times
22 Mon Apr 2024	57.35	58.50	58.50	57.35	0.792 times
19 Fri Apr 2024	58.50	58.35	58.50	58.35	0.77 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 57.2 as stoploss in an intra day buy trade for a target of 61.11. However, stock will show a bearish move below 57.2.

Share price targets for Manaksia Steels (MANAKSTEEL_BE)

Target Type	Value
Downside Target	51.80
Downside Target	56.00
Upside Target	61.90
Upside Target	63.15
Upside Target	67.05
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	56.78
Downside Intraday Target	56.12
Upside Intraday Target	58.78
Upside Intraday Target	60.12
Upside Intraday Target	58.12

Weekly technical analysis of Manaksia Steels (MANAKSTEEL_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
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
12 Fri Apr 2024	63.15	67.05	67.05	63.15	0.088 times
05 Fri Apr 2024	68.40	58.80	70.95	56.50	0.836 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_BE)

Date	Monthly Closing Price	Open	High	Low	Volume
03 Fri May 2024	57.45	59.25	59.25	57.45	0.03 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 down 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 sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

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 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 SELL. Signal strength is Weak and stock is gaining 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 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 stronger in this stock.

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be coming down

CCI has generated a SELL signal for Manaksia Steels in short term and SELL signal is strong!

RSI is generating a BUY signal in short term and the buying is gaining 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 57.63 and Manaksia Steels (MANAKSTEEL_BE) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down

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 has given negative 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.