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Price and trend forecast of MANINDS for Tomorrow, Weekly, Monthly

Man Industries (India) Limited

Symbol: NSE:MANINDS

ISIN: INE993A01026

372.40

As on 2024-04-12

89.00 (52W Low) 459.00 (52W High)

MANINDS's Today's Performance

Man Industries (India) Limited started the day by opening at 377.95 today 2024-04-12. Its shares reached a high of 379.00 and dipped to a low of 370.05 in intraday. When the markets closed, MANINDS’s stock price settled at ₹372.40 per share. Also check out its key support and resistance levels.

MANINDS Buy/Sell Targets

Tomorrow, sell MANINDS when its price reaches ₹ 372.40 with a stop-loss order at ₹ 378.23. You can set the target price as ₹ 366.58 to capture potential gains. This sell position balances the risks and rewards evenly, aiming for a 1:1 risk-reward ratio.

In the sections below, we will discuss detailed share price target of MANINDS for tomorrow's session along with weekly support and resistance. Please note that these share targets analysis is only valid for tomorrow and the current trading week and month.

Important Resistance for MANINDS

Resistance Levels Value in ₹
Tomorrow Resistance 1 378
Tomorrow Resistance 2 383
Tomorrow Resistance 3 387

Important Supports for MANINDS

Support Levels Value in ₹
Tomorrow Support 1 369
Tomorrow Support 2 365
Tomorrow Support 3 360
Based on where the stock opens tomorrow, if MANINDS opens on a positive note, our first target will be ₹378. If Target 1 is achieved, we will aim for Target 2 which is ₹383.

But if MANINDS falls below the average value of ₹373.82, you can enter a sell side position with target number 1 - ₹369 and second target - ₹365 This average value also act as support and resistance level. When the stock is trading above the average, it will act like support area. Another important thing is, stocks usually get back to this average value when the price trades too far from avg. In simpler words we can consider the average price as a magnet.

Daily Volume chart of MANINDS

Looking at MANINDS, we've seen a Decreasing trend in its trading volume over the past week, which really tells us how active traders have been with this stock.

In terms of its price, MANINDS has been on a Downward path, giving us insights how its value changes in the market.

Based on this, the predicted sentiment for MANINDS is moderate bearish.

Tomorrow's Volume based share price Forecast for MANINDS

MANINDS's Volume is currently in a Decreasing trend, and Price is in a Downward direction. Therefore, we can say the stock is in a moderate bearish trend. Volume trend strength over the last month compared to the last week is -47%.

Reversal detection for MANINDS

Predicted trend chart of MANINDS tomorrow for price forecast
MANINDS may trend may continue to be bearish since stock is making lower low and we can get target of ₹378 in morning tomorrow
Target 1 tomorrow377
Target 2 tomorrow379
Target 3 tomorrow383
 

Investferry’s trend analysis method detects short term overbought and oversold situations to identify reversal in stocks. Use this as reference for short term counter trend trades.

Combine this trend forecast with MANINDS's tomorrow's target prediction and you will have a base for what can be done in the upcoming trading session.

Based on where the stock opens tomorrow, if MANINDS opens on a positive note, our first target will be ₹377.58. If Target 1 is achieved, we will aim for Target 2 which is ₹382.77.

But if MANINDS falls below the average value of ₹373.82, you can enter a sell side position with target number 1 - ₹368.63 and second target - ₹364.87

MANINDS's Weekly Targets
1st Up Target 389.57
2nd Up Target 406.73
1st Down Target 362.62
2nd Down Target 352.83

As the week for MANINDS ended on bearish sentiments, we can expect further continuation of this sentiment. MANINDS's initial target will be 389.57 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 362.62 in the upcoming week.

Weekly OHLC Values
Open 393.85
High 396.95
Low 370.00
Close 372.40

Week for MANINDS started with an open price of 393.85, and the close was at 372.40. MANINDS reached the highest of 396.95 and dipped lowest up to 370.00 last week. This indicates a bearish sentiment for the week.

MANINDS full month swing targets
Monthly Up Target 1 416.52
Monthly Up Target 2 433.68
Monthly Down Target 1 335.67
Monthly Down Target 2 298.93

Targets of ₹416.52 can be expected to be reached in the coming month. Once MANINDS achieved this target, we can aim for the next upside target of ₹433.68.

MANINDS if fails to hold upside, down targets of ₹335.67 and ₹298.93 can be achieved by end of this month.

For complete three weeks if MANINDS is bullish, the stock may decline in the last week on the month as traders usually close their positions. So in this case, you should aim for weekly support level which will act as targets here.

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Summary

MANINDS is expected to reach the target of 377.58 in tomorrow's trading session.

After achieving the initial target in MANINDS, we will aim for higher targets of 382.77 tomorrow.

However, if MANINDS starts to trade below ₹373.82, then we will shift our focus to the sell side and aim for down targets of 368.63 and 364.87.