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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 2025-05-09 View latest technical analysis

10 day averaged volume of Manaksia Steels is 27146

Date	Daily Closing Price	Open	High	Low	Volume
09 Fri May 2025	57.23	58.99	58.99	56.52	0.585 times
08 Thu May 2025	59.50	58.98	61.92	57.00	0.87 times
07 Wed May 2025	58.98	61.01	61.01	58.98	0.819 times
06 Tue May 2025	62.09	65.99	66.32	61.76	0.73 times
05 Mon May 2025	65.02	64.50	66.89	64.50	0.392 times
02 Fri May 2025	64.74	64.51	67.49	64.50	0.44 times
12 Fri Jul 2024	55.46	56.69	56.69	53.90	2.019 times
11 Thu Jul 2024	56.69	57.85	58.45	56.10	0.822 times
10 Wed Jul 2024	56.69	57.00	59.20	54.66	1.248 times
09 Tue Jul 2024	56.97	58.15	58.15	56.70	1.021 times

My analysis of stock is bearish for shortterm, and stock might move down till 54.9 or till 51.1. Use a stoploss of 58.06 and if the stock hits stoploss, then it can shoot up till 61.22

Share price targets for Manaksia Steels (MANAKSTEEL_BE)

Target Type	Value
Downside Target	51.65
Downside Target	53.55
Upside Target	59.43
Upside Target	62.48
Upside Target	64.50
Upside Target	64.95
Upside Target	66.89
Upside Target	67.49
Upside Target	70.95

Intraday share price targets for Manaksia Steels (MANAKSTEEL_BE)

Target Type	Value
Downside Intraday Target	53.54
Downside Intraday Target	49.84
Upside Intraday Target	63.91
Upside Intraday Target	70.58
Upside Intraday Target	60.21

Weekly technical analysis of Manaksia Steels (MANAKSTEEL_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
09 Fri May 2025	57.23	64.50	66.89	56.52	7.717 times
02 Fri May 2025	64.74	64.51	67.49	64.50	0.065 times
12 Fri Jul 2024	55.46	59.43	59.43	53.90	0.566 times
05 Fri Jul 2024	59.43	57.00	62.48	55.25	3.227 times
28 Fri Jun 2024	54.67	53.55	54.67	53.55	1.274 times

Price has moved down 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
09 Fri May 2025	57.23	64.51	67.49	56.52	0.205 times
12 Fri Jul 2024	55.46	57.00	62.48	53.90	1.562 times
28 Fri Jun 2024	54.67	54.95	57.45	51.65	0.747 times
31 Fri May 2024	54.90	59.25	64.95	52.00	0.781 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 definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Manaksia Steels ( (MANAKSTEEL_BE) ) based on a short to mid 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.

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 and the buy signal is strong.

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. Bears are getting stronger in this stock.

Ichimoku cloud is of green color and prices are in or below the green 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 but buying is losing momentum.

MRSI is in negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling 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 58.16 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.