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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)

Showing technical analysis as on 2024-02-05 View latest technical analysis

10 day averaged volume of Mangalam Alloys is 22880

Date	Daily Closing Price	Open	High	Low	Volume
05 Mon Feb 2024	49.90	50.35	51.50	49.50	1.678 times
02 Fri Feb 2024	50.50	50.15	51.00	50.15	1.399 times
01 Thu Feb 2024	50.75	50.95	51.20	50.65	0.979 times
31 Wed Jan 2024	51.35	50.90	51.40	50.60	0.769 times
30 Tue Jan 2024	50.90	50.20	51.65	50.20	1.119 times
29 Mon Jan 2024	50.75	51.45	51.45	50.25	1.259 times
25 Thu Jan 2024	51.35	51.50	51.65	50.85	1.049 times
24 Wed Jan 2024	51.50	51.00	52.40	51.00	0.559 times
23 Tue Jan 2024	51.05	52.00	54.00	50.85	0.979 times
22 Mon Jan 2024	51.35	51.25	51.85	50.85	1.119 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 50.2, but if it comes above 50.2, then a intra day buy could be more profitable.
If you take a sell trade below 50.2, then use 50.2 as stoploss and 48.7 as target. However if you take a buy trade in stock , then use 50.2 as stoploss and 51.49 as target.

Share price targets for Mangalam Alloys (MAL_SM)

Target Type	Value
Downside Target	46.65
Downside Target	49.00
Upside Target	51.50
Upside Target	51.65
Upside Target	54.00
Upside Target	54.05
Upside Target	55.85
Upside Target	59.85
Upside Target	60.00
Upside Target	62.50

Intraday share price targets for Mangalam Alloys (MAL_SM)

Target Type	Value
Downside Intraday Target	49.1
Downside Intraday Target	48.3
Upside Intraday Target	51.1
Upside Intraday Target	52.3
Upside Intraday Target	50.3

Weekly technical analysis of Mangalam Alloys (MAL_SM)

Date	Weekly Closing Price	Open	High	Low	Volume
05 Mon Feb 2024	49.90	50.35	51.50	49.50	0.304 times
02 Fri Feb 2024	50.50	51.45	51.65	50.15	1.491 times
25 Thu Jan 2024	51.35	51.25	54.00	50.85	0.855 times
19 Fri Jan 2024	51.25	54.05	54.05	50.55	0.521 times
12 Fri Jan 2024	54.10	52.00	55.85	50.55	1.293 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
05 Mon Feb 2024	49.90	50.95	51.50	49.50	0.156 times
31 Wed Jan 2024	51.35	51.10	55.85	50.20	0.801 times
29 Fri Dec 2023	51.15	53.00	59.85	49.00	0.913 times
30 Thu Nov 2023	52.75	49.95	60.00	49.10	0.807 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 negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

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 gaining 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 getting stronger in this stock.

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be coming down

CCI has generated a SELL signal for Mangalam Alloys in short term and SELL signal is strong!

RSI is generating a BUY signal in short term and the buying is gaining momentum.

MRSI is in positive zone. This is a BUY zone

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

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 50.83 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.