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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 656000

Date Daily Closing Price Open High Low Volume
21 Tue May 2024 78.05 78.00 79.30 77.10 1.063 times
20 Mon May 2024 77.95 78.00 78.40 77.00 0.216 times
17 Fri May 2024 77.80 78.35 78.70 77.15 0.791 times
16 Thu May 2024 78.10 79.30 80.90 77.10 1.818 times
15 Wed May 2024 78.65 75.65 80.30 75.00 2.81 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 78.5 as stoploss in an intra day sell trade for a target of 76.21. However, stock will show a bullish move above 78.5.

Share price targets for Manali Petrochemicals (MANALIPETC)

Target Type Value
Downside Target 55.95
Downside Target 67.20
Downside Target 70.55
Downside Target 75.35
Upside Target 78.70
Upside Target 79.30
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 76.93
Downside Intraday Target 75.82
Upside Intraday Target 79.23
Upside Intraday Target 80.42
Upside Intraday Target 78.12

Weekly technical analysis of Manali Petrochemicals (MANALIPETC)

Date Weekly Closing Price Open High Low Volume
21 Tue May 2024 78.05 78.00 79.30 77.00 0.173 times
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

Price has moved up this week, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming weeks.

Monthly technical analysis of Manali Petrochemicals (MANALIPETC)

Date Monthly Closing Price Open High Low Volume
21 Tue May 2024 78.05 75.95 80.90 70.85 0.316 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, 14, 31 Buy
MACD 3, 3Buy
Stochastics 70Buy
CCI 68Buy
RSI 59Buy
OBV 2848359Sell
VWAP 77Buy
ADL 0Sell
ROC 4Buy
Force Index 0Sell

Price action analysis of Manali Petrochemicals ( (MANALIPETC) ) based on a short term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this 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 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 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 gaining 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 moving up

CCI has generated a buy signal for Manali Petrochemicals in short term and BUY signal is strong.

RSI is generating a BUY signal in short term but buying is losing momentum.

MRSI is in positive zone. This is a BUY zone

Stock of Manali Petrochemicals is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 76.94 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

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