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

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

Showing technical analysis as on 2024-05-17 View latest technical analysis

10 day averaged volume of Manaksteltd is 7871

Date	Daily Closing Price	Open	High	Low	Volume
17 Fri May 2024	60.85	65.95	65.95	60.37	2.32 times
16 Thu May 2024	63.54	63.54	63.54	63.53	1.61 times
15 Wed May 2024	60.52	60.52	60.52	60.52	2.54 times
14 Tue May 2024	57.64	57.49	57.64	57.38	0.699 times
13 Mon May 2024	54.90	52.29	54.90	52.29	2.682 times
10 Fri May 2024	52.29	53.00	53.00	52.29	0.275 times
09 Thu May 2024	53.35	54.00	54.00	53.35	0.338 times
08 Wed May 2024	54.43	54.43	54.43	54.43	1.056 times
07 Tue May 2024	55.54	55.54	55.54	55.54	0.12 times
06 Mon May 2024	56.67	56.67	56.67	56.67	0.44 times

Stock of Manaksteltd (Manaksteltd) has showed a significant fall. This could be a good time to exit from this stock.

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 59.9, but if it comes below 59.9, then a intra day sell could be more profitable.
If you take a sell trade below 59.9, then use 59.9 as stoploss and 57.35 as target. However if you take a buy trade in stock , then use 59.9 as stoploss and 63 as target.

Share price targets for Manaksteltd (Manaksteltd)

Target Type	Value
Downside Target	47.85
Downside Target	52.05
Downside Target	55.80
Downside Target	57.82
Upside Target	62.20
Upside Target	65.95
Upside Target	70.80
Upside Target	71.00
Upside Target	77.60
Upside Target	96.75
Upside Target	107.10

Intraday share price targets for Manaksteltd (Manaksteltd)

Target Type	Value
Downside Intraday Target	53.44
Downside Intraday Target	46.04
Upside Intraday Target	67.1
Upside Intraday Target	73.36
Downside Intraday Target	59.7

Weekly technical analysis of Manaksteltd (Manaksteltd)

Date	Weekly Closing Price	Open	High	Low	Volume
17 Fri May 2024	60.85	52.29	65.95	52.29	4.418 times
10 Fri May 2024	52.29	56.67	56.67	52.29	1.213 times
03 Fri May 2024	57.82	59.20	59.20	57.82	0.488 times
26 Fri Apr 2024	58.04	58.50	58.50	55.80	1.832 times
19 Fri Apr 2024	58.56	62.20	62.20	58.56	3.303 times

Price has moved up this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Manaksteltd (Manaksteltd)

Date	Monthly Closing Price	Open	High	Low	Volume
17 Fri May 2024	60.85	58.50	65.95	52.29	0.687 times
30 Tue Apr 2024	58.50	59.99	70.80	55.80	0.37 times
28 Thu Mar 2024	59.04	74.97	77.60	52.05	0.903 times
29 Thu Feb 2024	73.50	91.00	96.75	71.00	0.089 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 Manaksteltd (Manaksteltd)

Price action analysis of Manaksteltd ( (Manaksteltd) ) 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 Manaksteltd ( (Manaksteltd) ) based on a short term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Manaksteltd ( (Manaksteltd) ) based on a short to mid term time period is neutral. A longer time frame might give a better analysis.

Price action analysis of Manaksteltd ( (Manaksteltd) ) 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 Manaksteltd stock for short term is BUY. Signal strength is Weak and stock is losing momentum.

MACD generated a BUY signal for Manaksteltd 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.

Manaksteltd Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears are picking up momentum.

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

CCI has generated a SELL signal for Manaksteltd in short term but SELL signal is weak.

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 Manaksteltd is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 58.46 and Manaksteltd (Manaksteltd) 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 Manaksteltd (Manaksteltd) stock. Volume based technical analysis of Manaksteltd (Manaksteltd) stock is negative.

Manaksteltd Stock is giving positive 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.