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

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

10 day averaged volume of Manali Petro is 83796

Date Daily Closing Price Open High Low Volume
08 Wed May 2024 74.41 75.88 75.95 73.95 0.26 times
07 Tue May 2024 74.52 75.33 76.75 73.92 0.445 times
06 Mon May 2024 75.19 74.48 76.25 73.21 0.72 times
03 Fri May 2024 74.48 74.51 75.50 72.60 1.077 times
02 Thu May 2024 74.46 75.45 76.14 74.32 0.992 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 74 as stoploss in an intra day buy trade for a target of 75.97. However, stock will show a bearish move below 74.

Share price targets for Manali Petro (ManaliPetro)

Target Type Value
Downside Target 55.90
Downside Target 67.21
Downside Target 71.46
Upside Target 75.36
Upside Target 76.75
Upside Target 78.52
Upside Target 79.50
Upside Target 81.79
Upside Target 83.92
Upside Target 87.15

Intraday share price targets for Manali Petro (ManaliPetro)

Target Type Value
Downside Intraday Target 72.83
Downside Intraday Target 71.25
Upside Intraday Target 76.37
Upside Intraday Target 78.33
Upside Intraday Target 74.79

Weekly technical analysis of Manali Petro (ManaliPetro)

Date Weekly Closing Price Open High Low Volume
08 Wed May 2024 74.41 74.48 76.75 73.21 0.336 times
03 Fri May 2024 74.48 77.72 78.52 72.60 0.647 times
26 Fri Apr 2024 77.50 77.26 81.79 76.66 0.769 times
19 Fri Apr 2024 77.54 67.21 79.50 67.21 2.783 times
12 Fri Apr 2024 73.36 73.70 75.42 71.46 0.238 times

Price has moved down 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 Petro (ManaliPetro)

Date Monthly Closing Price Open High Low Volume
08 Wed May 2024 74.41 75.45 76.75 72.60 0.106 times
30 Tue Apr 2024 75.66 56.31 81.79 56.31 1.307 times
28 Thu Mar 2024 56.20 70.28 71.99 55.90 0.819 times
29 Thu Feb 2024 68.90 79.00 83.92 67.30 0.559 times

Price has moved down 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 Petro (ManaliPetro)

Indicator Name Indicator Value Indicator Signal
ADX 19, 20, 3 Sell
MACD 3, 4Sell
Stochastics 23Sell
CCI -64Sell
RSI 59Buy
OBV 736073Sell
VWAP 77Sell
ADL 0Sell
ROC -5Sell
Force Index 0Sell

Price action analysis of Manali Petro ( (ManaliPetro) ) based on a short 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 Petro ( (ManaliPetro) ) based on a short term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Manali Petro ( (ManaliPetro) ) based on a short to mid term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

Price action analysis of Manali Petro ( (ManaliPetro) ) 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 Petro stock for short term is SELL. Signal strength is Weak and stock is gaining momentum.

MACD generated a SELL signal for Manali Petro in short term but the sell signal is initial and weak.

Manali Petro Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.

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 Petro in short term and SELL signal is strong!

RSI is generating a BUY signal in short term and the buying is gaining momentum.

MRSI is in positive zone. This is a BUY zone

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

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 77.06 and Manali Petro (ManaliPetro) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down

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

Manali Petro Stock has given negative 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.

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