Daily Technical Analysis Weekly Analysis Monthly Analysis Renko chart MACD chart Bollinger Bands chart Stochastics charts Force Index charts

(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 2024-02-16 View latest technical analysis

10 day averaged volume of Mangalam Alloys is 30240

Date	Daily Closing Price	Open	High	Low	Volume
16 Fri Feb 2024	47.85	48.00	48.00	47.35	0.317 times
15 Thu Feb 2024	47.50	47.60	47.80	47.20	0.37 times
14 Wed Feb 2024	47.60	46.70	47.60	46.70	0.476 times
13 Tue Feb 2024	47.60	48.05	48.05	47.10	0.37 times
12 Mon Feb 2024	48.55	49.00	49.00	48.00	0.794 times
09 Fri Feb 2024	49.00	50.00	52.30	48.60	1.64 times
08 Thu Feb 2024	49.20	48.50	49.75	48.50	1.058 times
07 Wed Feb 2024	48.80	48.70	48.95	48.30	0.688 times
06 Tue Feb 2024	48.65	48.15	49.45	48.00	2.275 times
05 Mon Feb 2024	49.90	50.35	51.50	49.50	1.27 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 48.3, but if it comes above 48.3, then a intra day buy could be more profitable.
If you take a sell trade below 48.3, then use 48.3 as stoploss and 46.6 as target. However if you take a buy trade in stock , then use 48.3 as stoploss and 49.77 as target.

Share price targets for Mangalam Alloys (MAL_SM)

Target Type	Value
Downside Target	46.65
Upside Target	48.00
Upside Target	49.00
Upside Target	50.15
Upside Target	52.30
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	46.7
Downside Intraday Target	45.55
Upside Intraday Target	49
Upside Intraday Target	50.15
Downside Intraday Target	47.85

Weekly technical analysis of Mangalam Alloys (MAL_SM)

Date	Weekly Closing Price	Open	High	Low	Volume
16 Fri Feb 2024	47.85	49.00	49.00	46.70	0.336 times
09 Fri Feb 2024	49.00	50.35	52.30	48.00	1.658 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

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
16 Fri Feb 2024	47.85	50.95	52.30	46.70	0.563 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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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 BUY. 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 weakening, and bulls are picking up momentum!

Ichimoku cloud is of red color and prices are below the red 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 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 48.78 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.