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(MANALIPETC) Manali Petrochemicals complete technical analysis [charts+indicators] | Buy/Sell Manali Petrochemicals | (MANALIPETC) share price targets

Complete technical analysis of Manali Petrochemicals (MANALIPETC) by charts plus indicators, forecast predictions and share price targets for Manali Petrochemicals (MANALIPETC)

Manali Petrochemicals trades in NSE in Petrochemicals sector.

Showing technical analysis as on 2024-09-03 View latest technical analysis

10 day averaged volume of Manali Petrochemicals is 493837

Date	Daily Closing Price	Open	High	Low	Volume
03 Tue Sep 2024	88.60	89.06	90.31	88.19	0.639 times
02 Mon Sep 2024	89.06	90.73	91.44	88.47	0.924 times
30 Fri Aug 2024	90.73	91.90	93.44	90.36	0.808 times
29 Thu Aug 2024	92.11	94.00	95.75	91.00	1.375 times
28 Wed Aug 2024	93.29	94.90	96.72	92.55	1.452 times
27 Tue Aug 2024	94.75	94.80	95.40	93.65	0.707 times
26 Mon Aug 2024	94.50	92.24	96.00	92.19	1.779 times
23 Fri Aug 2024	91.61	93.00	93.38	91.01	0.628 times
22 Thu Aug 2024	92.14	92.75	95.68	91.73	0.887 times
21 Wed Aug 2024	92.13	93.00	94.18	91.46	0.816 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 89.6, but if it comes above 89.6, then a intra day buy could be more profitable.
If you take a sell trade below 89.6, then use 89.6 as stoploss and 87.4 as target. However if you take a buy trade in stock , then use 89.6 as stoploss and 91.49 as target.

Share price targets for Manali Petrochemicals (MANALIPETC)

Target Type	Value
Downside Target	70.00
Downside Target	84.00
Downside Target	86.52
Upside Target	91.44
Upside Target	93.00
Upside Target	95.68
Upside Target	96.72
Upside Target	98.44
Upside Target	99.30
Upside Target	100.21
Upside Target	104.95

Intraday share price targets for Manali Petrochemicals (MANALIPETC)

Target Type	Value
Downside Intraday Target	87.38
Downside Intraday Target	86.16
Upside Intraday Target	90.63
Upside Intraday Target	92.66
Upside Intraday Target	89.41

Weekly technical analysis of Manali Petrochemicals (MANALIPETC)

Date	Weekly Closing Price	Open	High	Low	Volume
03 Tue Sep 2024	88.60	90.73	91.44	88.19	0.255 times
30 Fri Aug 2024	90.73	92.24	96.72	90.36	1.458 times
23 Fri Aug 2024	91.61	90.15	95.68	89.60	1.047 times
16 Fri Aug 2024	90.08	90.90	93.00	86.52	0.428 times
09 Fri Aug 2024	91.36	93.99	98.44	89.20	0.854 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 Manali Petrochemicals (MANALIPETC)

Date	Monthly Closing Price	Open	High	Low	Volume
03 Tue Sep 2024	88.60	90.73	91.44	88.19	0.059 times
30 Fri Aug 2024	90.73	99.80	100.21	86.52	0.405 times
31 Wed Jul 2024	99.08	92.70	104.95	89.61	0.789 times
28 Fri Jun 2024	92.46	83.00	99.30	70.00	1.873 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 Manali Petrochemicals (MANALIPETC)

Price action analysis of Manali Petrochemicals ( (MANALIPETC) ) 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 Manali Petrochemicals ( (MANALIPETC) ) based on a short to mid 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 Manali Petrochemicals ( (MANALIPETC) ) based on a mid to longer 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

ADX buy sell signal for Manali Petrochemicals stock for short term is SELL. Signal strength is Weak and stock is gaining momentum.

MACD generated a SELL signal for Manali Petrochemicals in short term and the sell signal is strong.

Manali Petrochemicals Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears 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 Manali Petrochemicals 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 positive zone. This is a BUY zone

Stock of Manali Petrochemicals is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 92.25 and Manali Petrochemicals (MANALIPETC) 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 Manali Petrochemicals (MANALIPETC) stock. Volume based technical analysis of Manali Petrochemicals (MANALIPETC) stock is negative.

Manali Petrochemicals Stock has given negative 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.