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(MAL_SM) Mangalam Alloys complete technical analysis [charts+indicators] | Buy/Sell Mangalam Alloys | (MAL_SM) share price targets

Complete technical analysis of Mangalam Alloys (MAL_SM) by charts plus indicators, forecast predictions and share price targets for Mangalam Alloys (MAL_SM)

10 day averaged volume of Mangalam Alloys is 10720

Date	Daily Closing Price	Open	High	Low	Volume
24 Fri May 2024	40.50	40.00	40.90	40.00	0.746 times
23 Thu May 2024	40.05	41.55	41.60	39.55	2.239 times
22 Wed May 2024	40.50	41.05	41.15	40.50	1.493 times
21 Tue May 2024	41.25	41.10	42.25	41.10	1.194 times
17 Fri May 2024	42.50	41.10	42.50	41.10	0.597 times
16 Thu May 2024	41.50	41.85	41.85	41.50	0.448 times
15 Wed May 2024	41.65	41.15	41.85	41.15	0.597 times
14 Tue May 2024	41.15	42.45	42.45	41.10	0.746 times
13 Mon May 2024	41.55	42.00	42.75	41.00	1.493 times
10 Fri May 2024	42.00	41.80	42.00	41.80	0.448 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 40.7, but if it comes above 40.7, then a intra day buy could be more profitable.
If you take a sell trade below 40.7, then use 40.7 as stoploss and 39 as target. However if you take a buy trade in stock , then use 40.7 as stoploss and 42.18 as target.

Share price targets for Mangalam Alloys (MAL_SM)

Target Type	Value
Downside Target	32.55
Downside Target	39.55
Upside Target	41.00
Upside Target	45.25
Upside Target	46.00
Upside Target	46.30
Upside Target	46.70
Upside Target	50.20
Upside Target	51.70
Upside Target	52.30
Upside Target	55.85

Intraday share price targets for Mangalam Alloys (MAL_SM)

Target Type	Value
Downside Intraday Target	39.28
Downside Intraday Target	38.07
Upside Intraday Target	41.98
Upside Intraday Target	43.47
Upside Intraday Target	40.77

Weekly technical analysis of Mangalam Alloys (MAL_SM)

Date	Weekly Closing Price	Open	High	Low	Volume
24 Fri May 2024	40.50	41.10	42.25	39.55	1.462 times
17 Fri May 2024	42.50	42.00	42.75	41.00	0.605 times
10 Fri May 2024	42.00	44.00	46.00	41.65	1.72 times
03 Fri May 2024	42.45	45.25	45.25	42.20	0.309 times
26 Fri Apr 2024	45.50	39.90	46.30	39.90	2.793 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 Mangalam Alloys (MAL_SM)

Date	Monthly Closing Price	Open	High	Low	Volume
24 Fri May 2024	40.50	44.65	46.00	39.55	0.421 times
30 Tue Apr 2024	43.25	32.55	46.30	32.55	0.442 times
28 Thu Mar 2024	33.85	51.00	51.70	33.10	1.977 times
29 Thu Feb 2024	49.65	50.95	52.30	46.70	0.836 times

Scroll below to view daily charts

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 Mangalam Alloys (MAL_SM)

Price action analysis of Mangalam Alloys ( (MAL_SM) ) 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 Mangalam Alloys ( (MAL_SM) ) based on a short to mid 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 Mangalam Alloys ( (MAL_SM) ) based on a mid to longer 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.

ADX buy sell signal for Mangalam Alloys stock for short term is SELL. Signal strength is Weak and stock is losing momentum.

MACD generated a SELL signal for Mangalam Alloys in short term and the sell signal is strong.

Mangalam Alloys Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!

Ichimoku cloud is of green color and prices are in or below the green cloud Prices appear to be moving up

CCI has generated a buy signal for Mangalam Alloys in short term but BUY signal is weak.

RSI is generating a BUY signal in short term but buying is losing momentum.

MRSI is in negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling might be slowing down

Stock of Mangalam Alloys is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 40.99 and Mangalam Alloys (MAL_SM) 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 Mangalam Alloys (MAL_SM) stock. Volume based technical analysis of Mangalam Alloys (MAL_SM) stock is negative.

Mangalam Alloys Stock has given negative returns over a short term period. Returns for a longer term period have been negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.