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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 25836

Date	Daily Closing Price	Open	High	Low	Volume
19 Mon May 2025	64.42	64.00	65.00	63.51	1.029 times
16 Fri May 2025	62.98	59.99	62.98	59.01	2.934 times
15 Thu May 2025	59.99	60.79	61.78	59.60	0.839 times
14 Wed May 2025	60.87	64.70	64.70	59.10	1.695 times
13 Tue May 2025	61.79	62.49	62.99	60.93	0.678 times
12 Mon May 2025	60.09	59.90	60.09	59.70	0.286 times
09 Fri May 2025	57.23	58.99	58.99	56.52	0.615 times
08 Thu May 2025	59.50	58.98	61.92	57.00	0.914 times
07 Wed May 2025	58.98	61.01	61.01	58.98	0.86 times
06 Tue May 2025	62.09	65.99	66.32	61.76	0.767 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 62.7, but if it comes below 62.7, then a intra day sell could be more profitable.
If you take a sell trade below 62.7, then use 62.7 as stoploss and 59.89 as target. However if you take a buy trade in stock , then use 62.7 as stoploss and 66 as target.

Share price targets for Manaksia Steels (MANAKSTEEL_BE)

Target Type	Value
Downside Target	51.65
Downside Target	53.90
Downside Target	56.00
Downside Target	59.01
Downside Target	62.48
Upside Target	64.70
Upside Target	64.95
Upside Target	65.00
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	63.62
Downside Intraday Target	62.82
Upside Intraday Target	65.11
Upside Intraday Target	65.8
Downside Intraday Target	64.31

Weekly technical analysis of Manaksia Steels (MANAKSTEEL_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
19 Mon May 2025	64.42	64.00	65.00	63.51	0.16 times
16 Fri May 2025	62.98	59.90	64.70	59.01	1.802 times
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

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_BE)

Date	Monthly Closing Price	Open	High	Low	Volume
19 Mon May 2025	64.42	64.51	67.49	56.52	0.585 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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

Price action analysis of Manaksia Steels ( (MANAKSTEEL_BE) ) 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_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 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 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 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 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 61.37 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 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.