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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 2024-09-05 View latest technical analysis

10 day averaged volume of Manali Petrochemicals is 496492

Date	Daily Closing Price	Open	High	Low	Volume
05 Thu Sep 2024	89.44	90.00	90.81	88.60	0.608 times
04 Wed Sep 2024	89.69	88.00	91.00	88.00	0.85 times
03 Tue Sep 2024	88.60	89.06	90.31	88.19	0.636 times
02 Mon Sep 2024	89.06	90.73	91.44	88.47	0.919 times
30 Fri Aug 2024	90.73	91.90	93.44	90.36	0.804 times
29 Thu Aug 2024	92.11	94.00	95.75	91.00	1.367 times
28 Wed Aug 2024	93.29	94.90	96.72	92.55	1.444 times
27 Tue Aug 2024	94.75	94.80	95.40	93.65	0.703 times
26 Mon Aug 2024	94.50	92.24	96.00	92.19	1.77 times
23 Fri Aug 2024	91.61	93.00	93.38	91.01	0.625 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 89.4 as stoploss in an intra day buy trade for a target of 91.3. However, stock will show a bearish move below 89.4.

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	87.81
Downside Intraday Target	86.19
Upside Intraday Target	91.25
Upside Intraday Target	93.07
Upside Intraday Target	89.63

Weekly technical analysis of Manali Petrochemicals (MANALIPETC)

Date	Weekly Closing Price	Open	High	Low	Volume
05 Thu Sep 2024	89.44	90.73	91.44	88.00	0.495 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
05 Thu Sep 2024	89.44	90.73	91.44	88.00	0.114 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 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 Manali Petrochemicals ( (MANALIPETC) ) 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 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 weakening, and bulls are picking up momentum!

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

CCI has generated a buy signal for Manali Petrochemicals in short term but BUY signal is weak.

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 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 91.87 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.