Price and trend forecast of MANINDS for Tomorrow, Weekly, Monthly
Man Industries (India) Limited
Symbol: NSE:MANINDS
ISIN: INE993A01026
467.85
As on 2024-07-26
MANINDS's Today's Performance
Man Industries (India) Limited started the day by opening at 462.30 today 2024-07-26. Its shares reached a high of 479.70 and dipped to a low of 460.10 in intraday. When the markets closed, MANINDS’s stock price settled at ₹467.85 per share. Also check out its key support and resistance levels.
MANINDS Buy/Sell Targets
Tomorrow, buy MANINDS when its price reaches ₹ 467.85 with a stop-loss order at ₹ 458.77. You can set the target price as ₹ 476.93 to capture potential gains. This buy 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 levels. Please note that these share targets analysis is only valid for tomorrow and the current trading week and month.
Important Down levels for MANINDS
| Downside Targets | Value in ₹ |
|---|---|
| Tomorrow Down Target 1 | 478 |
| Tomorrow Down Target 2 | 489 |
| Tomorrow Down Target 3 | 498 |
Important Levels for MANINDS
| Holding Levels | Value in ₹ |
|---|---|
| Tomorrow Up Target 1 | 459 |
| Tomorrow Up Target 2 | 450 |
| Tomorrow Up Target 3 | 439 |
Based on where the stock opens tomorrow, if MANINDS opens on a positive note, our first target will be ₹478. If Target 1 is achieved, we will aim for Target 2 which is ₹489.
But if MANINDS falls below the average value of ₹469.22, you can enter a sell side position with target number 1 - ₹459 and second target - ₹450 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 Increasing 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 Increasing 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
MANINDS may reverse its trend from upside (Short term bearish outlook) and we can get target of ₹457 in morning tomorrow
| Target 1 tomorrow | 477 |
| Target 2 tomorrow | 481 |
| Target 3 tomorrow | 489 |
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 ₹478.33. If Target 1 is achieved, we will aim for Target 2 which is ₹488.82.
But if MANINDS falls below the average value of ₹469.22, you can enter a sell side position with target number 1 - ₹458.73 and second target - ₹449.62
MANINDS's Weekly Targets
| 1st Up Target | 492.83 |
| 2nd Up Target | 517.82 |
| 1st Down Target | 429.73 |
| 2nd Down Target | 391.62 |
As the week for MANINDS ended on bullish sentiments, we can expect further continuation of this sentiment. MANINDS's initial target will be 492.83 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 429.73 in the upcoming week.
Weekly OHLC Values
| Open | 450.10 |
| High | 479.70 |
| Low | 416.60 |
| Close | 467.85 |
Week for MANINDS started with an open price of 450.10, and the close was at 467.85. MANINDS reached the highest of 479.70 and dipped lowest up to 416.60 last week. This indicates a bullish sentiment for the week.
MANINDS full month swing targets
| Monthly Up Target 1 | 555.93 |
| Monthly Up Target 2 | 580.92 |
| Monthly Down Target 1 | 366.63 |
| Monthly Down Target 2 | 265.42 |
Targets of ₹555.93 can be expected to be reached in the coming month. Once MANINDS achieved this target, we can aim for the next upside target of ₹580.92.
MANINDS if fails to hold upside, down targets of ₹366.63 and ₹265.42 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.
Related Stocks in the Same Sector as MANINDS
| Symbol | Name | Industry |
|---|---|---|
| ULTRACEMCO | UltraTech Cement Limited | Building Materials |
| ASIANPAINT | Asian Paints Limited | Specialty Chemicals |
| JSWSTEEL | JSW Steel Limited | Steel |
| TATASTEEL | Tata Steel Limited | Steel |
| GRASIM | Grasim Industries Limited | Building Materials |
Summary
MANINDS is expected to reach the target of 478.33 in tomorrow's trading session.
After achieving the initial target in MANINDS, we will aim for higher targets of 488.82 tomorrow.
However, if MANINDS starts to trade below ₹469.22, then we will shift our focus to the sell side and aim for down targets of 458.73 and 449.62.