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Stock analysis Manaksia Steels Limited MANAKSTEEL

More indepth analysis on MunafaSutra.com

Moving Averages for Manaksia Steels Limited

  • 5Day Average: 55.88
  • 12Day Average: 56.89
  • 20Day Average: 57.42
  • 50Day Average: 60.4
  • 100Day Average: 63.28
  • 150Day Average: 61.33
  • 200Day Average: 58.88

MANAKSTEEL Indicators & signals

Indicator MACD (12,26,9)

56.68, 58.01, -1.26
Indicator MACD is in negative zone

Indicator ADX (14)

14.06, 23.25, 17.52
Indicator ADX is indicating that momentum is weak.
Indicator ADX is showing that momentum is towards buying

Indicator RSI (14)

Current RSI is: 56
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
05 Wed Feb 2025 56.47 55.50 to 61.00 2.1% 4.79 times
04 Tue Feb 2025 55.31 54.59 to 57.29 -0.79% 0.97 times
03 Mon Feb 2025 55.75 55.31 to 57.00 -0.84% 0.36 times
31 Fri Jan 2025 56.22 55.95 to 59.10 1.02% 1.67 times
30 Thu Jan 2025 55.65 55.50 to 57.12 -0.36% 0.76 times
29 Wed Jan 2025 55.85 54.79 to 56.45 2.67% 0.4 times
28 Tue Jan 2025 54.40 53.41 to 56.69 -2.03% 0.97 times
27 Mon Jan 2025 55.53 54.00 to 56.82 -3.24% 1.66 times
24 Fri Jan 2025 57.39 56.31 to 60.90 -5.41% 1.39 times
23 Thu Jan 2025 60.67 58.50 to 61.40 3.23% 0.98 times
22 Wed Jan 2025 58.77 58.34 to 61.70 -3.15% 0.84 times
21 Tue Jan 2025 60.68 60.00 to 61.98 -1.45% 1.6 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, and it has been below this line for quite some time now. This is not a good sign, stock might keep falling and stock might move lower...

My analysis of Manaksia Steels Limited is bearish for shortterm, and stock might move down till 55.4 or till 52.8. Use a stoploss of 57.47 and if the stock hits stoploss, then it can shoot up till 59.57

More indepth analysis on MunafaSutra.com