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(MANALIPETC) Manali Petrochemicals complete technical analysis [charts+indicators] | Buy/Sell Manali Petrochemicals | (MANALIPETC) share price targets

Complete technical analysis of Manali Petrochemicals (MANALIPETC) by charts plus indicators, forecast predictions and share price targets for Manali Petrochemicals (MANALIPETC)

10 day averaged volume of Manali Petrochemicals is 683337

Date Daily Closing Price Open High Low Volume
17 Fri May 2024 77.80 78.35 78.70 77.15 0.759 times
16 Thu May 2024 78.10 79.30 80.90 77.10 1.745 times
15 Wed May 2024 78.65 75.65 80.30 75.00 2.698 times
14 Tue May 2024 75.65 72.50 76.40 72.10 1.542 times
13 Mon May 2024 71.35 73.05 73.45 70.85 0.355 times

My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 78.6 as stoploss in an intra day sell trade for a target of 76.23. However, stock will show a bullish move above 78.6.

Share price targets for Manali Petrochemicals (MANALIPETC)

Target Type Value
Downside Target 55.95
Downside Target 67.20
Downside Target 69.15
Downside Target 70.55
Downside Target 75.35
Upside Target 78.70
Upside Target 79.50
Upside Target 80.90
Upside Target 81.80
Upside Target 83.95
Upside Target 87.20

Intraday share price targets for Manali Petrochemicals (MANALIPETC)

Target Type Value
Downside Intraday Target 72.13
Downside Intraday Target 66.47
Upside Intraday Target 82.18
Upside Intraday Target 86.57
Downside Intraday Target 76.52

Weekly technical analysis of Manali Petrochemicals (MANALIPETC)

Date Weekly Closing Price Open High Low Volume
17 Fri May 2024 77.80 73.05 80.90 70.85 2.447 times
10 Fri May 2024 72.90 75.10 76.85 71.60 1.128 times
03 Fri May 2024 74.80 78.70 78.70 72.10 0.343 times
26 Fri Apr 2024 77.50 78.45 81.80 76.55 0.971 times
19 Fri Apr 2024 77.50 71.10 79.50 69.15 1.381 times

Price has moved up this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Manali Petrochemicals (MANALIPETC)

Date Monthly Closing Price Open High Low Volume
17 Fri May 2024 77.80 75.95 80.90 70.85 0.286 times
30 Tue Apr 2024 75.60 56.40 81.80 56.40 2.479 times
28 Thu Mar 2024 56.20 69.90 70.55 55.95 0.444 times
29 Thu Feb 2024 69.25 79.00 83.95 67.20 0.641 times

Price has moved up 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 Manali Petrochemicals (MANALIPETC)

Indicator Name Indicator Value Indicator Signal
ADX 26, 15, 28 Buy
MACD 3, 2Buy
Stochastics 75Buy
CCI 100Sell
RSI 64Buy
OBV 1949900Sell
VWAP 77Buy
ADL 0Sell
ROC 4Buy
Force Index 0Sell

Price action analysis of Manali Petrochemicals ( (MANALIPETC) ) based on a short term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Manali Petrochemicals ( (MANALIPETC) ) based on a short term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Manali Petrochemicals ( (MANALIPETC) ) based on a short to mid term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

Price action analysis of Manali Petrochemicals ( (MANALIPETC) ) based on a mid to longer term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

ADX buy sell signal for Manali Petrochemicals stock for short term is BUY. Signal strength is Strong and stock is losing momentum.

MACD generated a BUY signal for Manali Petrochemicals in short term and the buy signal is strong.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Manali Petrochemicals Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears are picking up momentum.

Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be coming down

CCI has generated a SELL signal for Manali Petrochemicals in short term but SELL signal is weak.

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 Manali Petrochemicals is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 76.52 and Manali Petrochemicals (MANALIPETC) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is rising upwards.

People seem to be coming out and selling the Manali Petrochemicals (MANALIPETC) stock. Volume based technical analysis of Manali Petrochemicals (MANALIPETC) stock is negative.

Manali Petrochemicals Stock is giving positive returns over a short term period. Returns for a longer term period have been positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.

Click here for Manali Petrochemicals charts

Click here for further forecast and predictions for tomorrow

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