Man Infraconstruction Limited (MANINFRA) Stock - Complete Technical Analysis - Oct 18, 2024

Man Infraconstruction Stock Analysis: Navigating Price Trends & Market Signals

Disclaimer: This analysis is for informational purposes only and should not be considered financial advice. Investing in stocks involves risks, and it's essential to conduct thorough research or consult with a financial advisor before making investment decisions. In this video, we provide an in-depth technical analysis of Man Infraconstruction Limited, currently trading at 188.70. The stock's recent performance shows it is 24.31% below its 52-week high of 249.3 and 37.54% above its 52-week low of 137.2, indicating notable volatility.

The price action reveals indecision in the market, marked by spinning tops and doji patterns, suggesting a potential reversal or pause. The stock opened at 189.10, reaching a high of 191.20 and a low of 187.15 before closing at 188.70.

Key support is seen around 182.03, while resistance sits at 200.38. The ADX indicates a weak trend strength, and the RSI around 47 suggests a neutral zone. Negative momentum highlights potential downward pressure unless the stock breaks above recent highs.

Significant price gaps were observed, especially between October 16 and 17, where the stock dropped from a high of 195.72 to close at 191.50, indicating potential resistance.

Traders should remain vigilant, watching for a breakout above 191.20 or a drop below 187.15 to gauge the stock's next move.