Stock analysis Manaksia Steels Limited MANAKSTEEL
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Recent prices of MANAKSTEEL Manaksia Steels Limited are as follows: Daily volume is divided by 10 day averaged volume
| Date | Close | Range | Change % | Volume |
| 21 Thu Sep 2023 | 47.05 | 46.80 to 48.75 | -1.67% | 0.39 times |
| 20 Wed Sep 2023 | 47.85 | 47.25 to 48.80 | -0.52% | 0.32 times |
| 18 Mon Sep 2023 | 48.10 | 48.05 to 49.25 | -0.82% | 0.46 times |
| 15 Fri Sep 2023 | 48.50 | 48.15 to 49.95 | -0.82% | 0.59 times |
| 14 Thu Sep 2023 | 48.90 | 47.95 to 51.35 | 0.1% | 0.73 times |
| 13 Wed Sep 2023 | 48.85 | 45.80 to 51.40 | 1.88% | 1.41 times |
| 12 Tue Sep 2023 | 47.95 | 47.10 to 53.40 | -8.84% | 1.83 times |
| 11 Mon Sep 2023 | 52.60 | 52.00 to 54.70 | 2.53% | 1.16 times |
| 08 Fri Sep 2023 | 51.30 | 49.80 to 53.70 | 2.29% | 2.2 times |
| 07 Thu Sep 2023 | 50.15 | 49.35 to 51.00 | 0.7% | 0.66 times |
| 06 Wed Sep 2023 | 49.80 | 49.50 to 51.30 | -0.9% | 0.63 times |
| 05 Tue Sep 2023 | 50.25 | 50.00 to 53.30 | 0.6% | 2.41 times |
Technical analysis forecast for Manaksia Steels Limited Stock is that its in a downtrend for shortterm, and I will avoid taking a BUY or a LONG trade in this stock. Look for opportunities to sell or SHORT Manaksia Steels Limited MANAKSTEEL at this time. Stock is falling and might fall more.
It appears as if Manaksia Steels Limited MANAKSTEEL gave a large move recently.
Stock of Manaksia Steels Limited (MANAKSTEEL) is trading below an important moving average line, but it crossed this line recently, which means that it could show a small or a large recovery soon enough depending on its trend.
My analysis of Manaksia Steels Limited is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 46.7 as stoploss in an intra day buy trade for a target of 48.27. However, stock will show a bearish move below 46.7.