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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 2024-06-04 View latest technical analysis

10 day averaged volume of Manaksteltd is 3649

Date	Daily Closing Price	Open	High	Low	Volume
04 Tue Jun 2024	53.29	54.30	54.30	53.29	0.864 times
03 Mon Jun 2024	54.37	55.47	55.47	54.37	3.604 times
31 Fri May 2024	55.47	55.47	55.47	55.47	0.326 times
30 Thu May 2024	56.60	56.65	56.65	56.60	0.175 times
29 Wed May 2024	57.75	58.15	58.15	57.75	0.563 times
28 Tue May 2024	57.06	56.00	57.06	56.00	1.239 times
27 Mon May 2024	55.95	58.20	58.20	55.95	0.388 times
24 Fri May 2024	57.06	58.22	58.22	57.06	0.472 times
23 Thu May 2024	58.22	60.58	60.58	58.22	0.64 times
22 Wed May 2024	59.40	59.40	59.41	59.40	1.289 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 54.2, but if it comes above 54.2, then a intra day buy could be more profitable.
If you take a sell trade below 54.2, then use 54.2 as stoploss and 50.7 as target. However if you take a buy trade in stock , then use 54.2 as stoploss and 57.22 as target.

Share price targets for Manaksteltd (Manaksteltd)

Target Type	Value
Downside Target	52.05
Upside Target	55.47
Upside Target	57.06
Upside Target	58.20
Upside Target	61.74
Upside Target	65.95
Upside Target	70.80
Upside Target	71.00
Upside Target	77.60
Upside Target	96.75

Intraday share price targets for Manaksteltd (Manaksteltd)

Target Type	Value
Downside Intraday Target	52.56
Downside Intraday Target	51.84
Upside Intraday Target	54.74
Upside Intraday Target	56.2
Upside Intraday Target	54.02

Weekly technical analysis of Manaksteltd (Manaksteltd)

Date	Weekly Closing Price	Open	High	Low	Volume
04 Tue Jun 2024	53.29	55.47	55.47	53.29	1.66 times
31 Fri May 2024	55.47	58.20	58.20	55.47	0.726 times
24 Fri May 2024	57.06	58.35	61.74	57.06	0.171 times
18 Sat May 2024	61.04	52.29	65.95	52.29	4.516 times
10 Fri May 2024	52.29	56.67	56.67	52.29	1.213 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 Manaksteltd (Manaksteltd)

Date	Monthly Closing Price	Open	High	Low	Volume
04 Tue Jun 2024	53.29	55.47	55.47	53.29	0.131 times
31 Fri May 2024	55.47	58.50	65.95	52.29	0.86 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

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 Manaksteltd (Manaksteltd)

Price action analysis of Manaksteltd ( (Manaksteltd) ) based on a short 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

Price action analysis of Manaksteltd ( (Manaksteltd) ) 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 Manaksteltd ( (Manaksteltd) ) 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 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 SELL. Signal strength is Strong and stock is gaining momentum.

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

Manaksteltd 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 Manaksteltd 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 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 56.03 and Manaksteltd (Manaksteltd) 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 Manaksteltd (Manaksteltd) stock. Volume based technical analysis of Manaksteltd (Manaksteltd) stock is negative.

Manaksteltd 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.