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Stock analysis Manaksia Steels Limited MANAKSTEEL

More indepth analysis on MunafaSutra.com

Moving Averages for Manaksia Steels Limited

  • 5Day Average: 89.99
  • 12Day Average: 74.2
  • 20Day Average: 65.19
  • 50Day Average: 53.65
  • 100Day Average: 49.87
  • 150Day Average: 48.42
  • 200Day Average: 45.82

MANAKSTEEL Indicators & signals

Indicator MACD (12,26,9)

78.38, 66.63, 7.76
Indicator MACD is in positive zone

Indicator ADX (14)

90.03, 54.44, 2.86
Indicator ADX is indicating that momentum is still strong.
Indicator ADX is showing that momentum is towards buying

Indicator RSI (14)

Current RSI is: 71
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of MANAKSTEEL Manaksia Steels Limited are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
30 Tue Jan 2024 94.40 92.15 to 107.00 -7.22% 1.06 times
29 Mon Jan 2024 101.75 96.05 to 102.00 9.7% 1.5 times
25 Thu Jan 2024 92.75 86.00 to 92.75 9.96% 1.28 times
24 Wed Jan 2024 84.35 75.95 to 84.35 9.97% 0.43 times
23 Tue Jan 2024 76.70 75.00 to 88.00 -6.41% 1.42 times
22 Mon Jan 2024 81.95 71.50 to 81.95 19.99% 1.58 times
19 Fri Jan 2024 68.30 60.50 to 69.70 13.93% 1.98 times
18 Thu Jan 2024 59.95 56.70 to 60.90 5.08% 0.77 times
17 Wed Jan 2024 57.05 56.70 to 58.40 -1.47% 0.17 times
16 Tue Jan 2024 57.90 54.70 to 59.20 0.43% 0.51 times
15 Mon Jan 2024 57.65 56.15 to 59.65 0% 0.36 times
12 Fri Jan 2024 57.65 57.00 to 62.40 -6.56% 1.19 times

Technical analysis forecast of Manaksia Steels 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 Steels Limited MANAKSTEEL at this time. Stock is rising and might rise more.

It appears as if Manaksia Steels Limited MANAKSTEEL gave a large move recently.

Stock of Manaksia Steels Limited (MANAKSTEEL) is trading above an important moving average line, and it has been above this line for quite some time now. This is a good sign, and the stock might keep rising and move higher!

My analysis of Manaksia Steels Limited is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if Manaksia Steels Limited stays above 87.2, but if it comes below 87.2, then a intra day sell could be more profitable.
If you take a sell trade below 87.2, then use 87.2 as stoploss and 70.46 as target. However if you take a buy trade in Manaksia Steels Limited, then use 87.2 as stoploss and 107.2 as target.

More indepth analysis on MunafaSutra.com