Manaksia Steels Ltd

Stage 2 · Advancing · week 21Setup 6.0 ★ FairEven -0.1

As of 16 Oct 2026, Manaksia Steels is in Stage 2 — advancing, the uptrend phase, in week 21 (since 26 May 2026). It closed at ₹111, 5.8% below its 52-week high and above its 200-day average, which is rising. In Materials, 33.6% of stocks are in Stage 2.

Manaksia Steels Limited manufactures and sells secondary steel products in India and internationally. More about the company

₹111

+0.69% today

₹728 Cr · Small cap

Market Neutral — FadingMaterials 33.6% in Stage 2-2.9 pts / 20dIron & Steel 36.7%+1.3 pts

Pro read

Pro

Our read

In Stage 2, but it has already run

Setup score

6.0 ★ Fair

Momentum

Steady

Edge

Even -0.1

Setup-score rank among Stage 2 peers: #11 of 29 in Iron & Steel · #55 of 153 in Materials

Is MANAKSTEEL early, or has it already run? Pro answers that for every NSE stock, after every close.

₹2,999 · 12 months ₹1,999 · 6 months

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vs 52W High

-5.8%

₹46 lo₹117.9 hi

5.8% below 52W high — pullback range

How far this stock is from its 52-week high. A pullback of 3–20% while Stage 2 structure holds is typically a better entry than chasing near the high.

Stage Maturity

Week 21

1w13w26w

Week 21 — proven structure, sweet spot

How long this stock has been in Stage 2. The sweet spot is mid-run — enough time to prove the structure holds, not so long it's extended. Very fresh (wk 1–4) often needs more time to confirm.

vs 200 DMA

49.5%

200 DMA: ₹74.3 · rising

Long-term trend anchor. When stock and Nifty are both above their 200 DMA, the macro backdrop supports continuation.

Rel Volume

0.40x

vs 50-day avg

Low vol (0.5–1x) on pullbacks = resting, not being sold. High vol on breakouts = commitment. Volume spike on down days is a warning sign.

Trend Health

→

MA20 flat · -0.1% vs MA50 +15.9%

Two-layer momentum read: the glyph shows whether the 20-day MA is rising (↑/↗), flat (→), or rolling over (↓). The ⇈ flag fires when the 20-day MA is pulling away from the 50-day MA — short-term momentum building on top of the longer trend. Best when both glyphs agree.

+4.3%

+45.0%

+63.2%

YTD

+57.0%

+85.2%

Sector

Materials

↓ Peaking

Stage 2%

33.6%

20d Δ

-2.9pp

1M return

-1.6%

3M return

-2.6%

Sector Stage-2 % · last 20 days

This stock ranks #19 of 151 Stage 2 stocks in Materials by RS. Leading the sector.

Industry

Iron & Steel

↑ Building

Stage 2%

36.7%

20d Δ

+1.3pp

1M return

-0.1%

3M return

+2.9%

Industry Stage-2 % · last 20 days

Ranks #6 of 28 Stage 2 stocks in this industry. Top tier.

Stage Cycle Timeline2023-07-20 → 2026-10-16

S2 15w

S2 14w

S2 21w

2023-07-202026-10-16

S1S2S3S4Setup score (0–10, dashed line at 5)

S2 15w → S3 9w → S2 14w → S3 10w → S4 10w → S1 7w → S2 7w → S3 8w → S4 12w → S1 5w → S2 11w → S3 12w → S2 14w → S3 1w → S4 7w → S1 4w → S2 21w current

Total tracked: 168 weeks across 17 stage runs.

Scan Membership

Prop Scan

Latest: 2026-10-16

Pullback Hunter

Latest: 2026-10-08

60 appearances in last 60 days. First seen: 2026-08-14.

Stocks that stay in the scan for 13+ weeks are in the highest observed-return cohort — they keep qualifying because the structure remains intact, not by luck. Persistence in the scan is itself a quality signal.

Recent Stage Timeline

2026-10-16S2

Wk 21 · Vol 0.40x

2026-10-15S2

Wk 21 · Vol 0.19x

2026-10-14S2

Wk 20 · Vol 0.21x

2026-10-13S2

Wk 20 · Vol 0.19x

2026-10-12S2

Wk 20 · Vol 0.18x

2026-10-09S2

Wk 20 · Vol 0.32x

2026-10-08S2

Wk 20 · Vol 0.36x

2026-10-07S2

Wk 19 · Vol 0.38x

2026-10-06S2

Wk 19 · Vol 0.40x

2026-10-05S2

Wk 19 · Vol 0.15x

2026-10-01S2

Wk 19 · Vol 0.18x

2026-09-30S2

Wk 19 · Vol 0.15x

Sector Peers — Stage 2All →

OCCLLTD

wk 17 · -16.3% from hi

9.0

MUKANDLTD

wk 21 · -7.5% from hi

8.9

SUNFLAG

wk 3 · -9.3% from hi

8.8

CUBEXTUB

wk 2 · 0.0% from hi

8.7

NRL

wk 17 · 0.0% from hi

8.6

Moving averages & range

50 DMA

₹100.9

200 DMA

₹74.3

52W High

₹117.9

52W Low

₹46

5D Low

₹109.7

Resistance levels (recent highs)

20d High

₹112.6

60d High

₹117.9

120d High

₹117.9

250d High

₹117.9

Next resistance

+1.4%

to 20d High

Ask the Market AI about MANAKSTEELAsk →

P/E (TTM)

17.9

Forward —

Earnings Growth (YoY)

+309.7%

Revenue +62.3%

ROE

+13.0%

Profit margin +3.5%

About this companyMaterials· Iron & Steel

Manaksia Steels Limited manufactures and sells secondary steel products in India and internationally. The company offers cold rolled sheets used for interior and exterior panels of automobiles, buses, and commercial vehicles; galvanized corrugated sheets applied in rural housing and factory buildings; galvanized plain sheets used in manufacturing containers and water tanks; and pre-painted galvanized coils and sheets for construction and architectural work, such as roofing, cladding, and paneling. In addition, the company offers hot dipped galvanized steel sheets and coils used in building materials, automobiles, white good industry, and electronics appliances, as well as offers color coated sheets and coils. Further, it provides prepainted profile, galvanised corrugated, and galvalume (Alu Zinc) coils and sheets. the company was incorporated in 2001 and is based in Kolkata, India.

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All analytics based on EOD data. Data as of 2026-10-16. Past data patterns are not indicative of future results. This page is a data analytics tool only.