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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 2024-02-21 View latest technical analysis

10 day averaged volume of Mangalam Alloys is 19040

Date	Daily Closing Price	Open	High	Low	Volume
21 Wed Feb 2024	48.15	48.50	48.50	48.00	0.504 times
20 Tue Feb 2024	48.40	48.65	48.65	48.40	0.252 times
19 Mon Feb 2024	48.00	47.85	48.05	47.85	0.672 times
16 Fri Feb 2024	47.85	48.00	48.00	47.35	0.504 times
15 Thu Feb 2024	47.50	47.60	47.80	47.20	0.588 times
14 Wed Feb 2024	47.60	46.70	47.60	46.70	0.756 times
13 Tue Feb 2024	47.60	48.05	48.05	47.10	0.588 times
12 Mon Feb 2024	48.55	49.00	49.00	48.00	1.261 times
09 Fri Feb 2024	49.00	50.00	52.30	48.60	2.605 times
08 Thu Feb 2024	49.20	48.50	49.75	48.50	1.681 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 47.9 as stoploss in an intra day buy trade for a target of 49.32. However, stock will show a bearish move below 47.9.

Share price targets for Mangalam Alloys (MAL_SM)

Target Type	Value
Downside Target	46.65
Downside Target	47.85
Upside Target	50.15
Upside Target	51.65
Upside Target	52.30
Upside Target	54.00
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	47.78
Downside Intraday Target	47.42
Upside Intraday Target	48.58
Upside Intraday Target	49.02
Upside Intraday Target	48.22

Weekly technical analysis of Mangalam Alloys (MAL_SM)

Date	Weekly Closing Price	Open	High	Low	Volume
21 Wed Feb 2024	48.15	47.85	48.65	47.85	0.386 times
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

Price has moved up 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
21 Wed Feb 2024	48.15	50.95	52.30	46.70	0.609 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 definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Mangalam Alloys ( (MAL_SM) ) based on a short term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

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 losing momentum.

MACD generated a BUY signal for Mangalam Alloys in short term but the buy signal is initial and weak.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

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 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 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 48.49 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.