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Stock analysis Manaksia Coated Metals & Industries Limited MANAKCOAT

More indepth analysis on MunafaSutra.com

Moving Averages for Manaksia Coated Metals & Industries Limited

  • 5Day Average: 17.42
  • 12Day Average: 17.61
  • 20Day Average: 16.94
  • 50Day Average: 16
  • 100Day Average: 16.82
  • 150Day Average: 17.24
  • 200Day Average: 17.78

MANAKCOAT Indicators & signals

Indicator MACD (12,26,9)

17.37, 16.89, 0.42
Indicator MACD is in positive zone

Indicator ADX (14)

26.32, 27.48, 16.03
Indicator ADX is indicating that momentum is weak.
Indicator ADX is showing that momentum is towards buying

Indicator RSI (14)

Current RSI is: 60
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of MANAKCOAT Manaksia Coated Metals & Industries Limited are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
08 Thu Jun 2023 18.40 18.00 to 19.00 3.08% 0.46 times
07 Wed Jun 2023 17.85 16.95 to 18.05 4.39% 0.72 times
06 Tue Jun 2023 17.10 16.90 to 17.55 -0.58% 0.11 times
05 Mon Jun 2023 17.20 16.50 to 17.65 3.93% 0.35 times
02 Fri Jun 2023 16.55 15.00 to 18.00 -3.78% 1.15 times
01 Thu Jun 2023 17.20 17.00 to 17.80 2.08% 0.33 times
31 Wed May 2023 16.85 16.65 to 17.90 -3.71% 0.21 times
30 Tue May 2023 17.50 16.20 to 18.20 -1.69% 0.3 times
29 Mon May 2023 17.80 17.50 to 20.85 -11% 2.23 times
26 Fri May 2023 20.00 17.80 to 21.00 5.26% 1.82 times
25 Thu May 2023 19.00 15.40 to 19.05 19.5% 2.77 times
24 Wed May 2023 15.90 15.85 to 16.40 -0.93% 0.98 times

Technical analysis forecast of Manaksia Coated Metals & Industries Limited Stock is that its in a uptrend for shortterm, and I will avoid taking a SHORT or SELL trade in this stock. Look for opportunities to BUY or go LONG in Manaksia Coated Metals & Industries Limited MANAKCOAT at this time. Stock is rising and might rise more.

It appears as if Manaksia Coated Metals & Industries Limited MANAKCOAT gave a large move recently.

Stock of Manaksia Coated Metals & Industries Limited (MANAKCOAT) is trading above an important moving average line, but it crossed this line recently, which means that it could show a small or a large fall soon enough depending on its trend.

My analysis of Manaksia Coated Metals & Industries Limited is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if Manaksia Coated Metals & Industries Limited stays above 18.2, but if it comes below 18.2, then a intra day sell could be more profitable.
If you take a sell trade below 18.2, then use 18.2 as stoploss and 17.05 as target. However if you take a buy trade in Manaksia Coated Metals & Industries Limited, then use 18.2 as stoploss and 19.6 as target.

More indepth analysis on MunafaSutra.com