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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 2024-02-26 View latest technical analysis

10 day averaged volume of Mangalam Alloys is 13920

Date	Daily Closing Price	Open	High	Low	Volume
26 Mon Feb 2024	51.15	51.20	51.20	50.30	1.609 times
23 Fri Feb 2024	50.70	49.05	50.90	49.05	1.724 times
22 Thu Feb 2024	48.85	48.15	48.85	48.15	1.264 times
21 Wed Feb 2024	48.15	48.50	48.50	48.00	0.69 times
20 Tue Feb 2024	48.40	48.65	48.65	48.40	0.345 times
19 Mon Feb 2024	48.00	47.85	48.05	47.85	0.92 times
16 Fri Feb 2024	47.85	48.00	48.00	47.35	0.69 times
15 Thu Feb 2024	47.50	47.60	47.80	47.20	0.805 times
14 Wed Feb 2024	47.60	46.70	47.60	46.70	1.034 times
13 Tue Feb 2024	47.60	48.05	48.05	47.10	0.805 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 50.4, but if it comes below 50.4, then a intra day sell could be more profitable.
If you take a sell trade below 50.4, then use 50.4 as stoploss and 49.17 as target. However if you take a buy trade in stock , then use 50.4 as stoploss and 52 as target.

Share price targets for Mangalam Alloys (MAL_SM)

Target Type	Value
Downside Target	46.65
Downside Target	47.85
Downside Target	49.00
Downside Target	50.15
Upside Target	51.20
Upside Target	51.65
Upside Target	52.30
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	50.57
Downside Intraday Target	49.98
Upside Intraday Target	51.47
Upside Intraday Target	51.78
Downside Intraday Target	50.88

Weekly technical analysis of Mangalam Alloys (MAL_SM)

Date	Weekly Closing Price	Open	High	Low	Volume
26 Mon Feb 2024	51.15	51.20	51.20	50.30	0.326 times
23 Fri Feb 2024	50.70	47.85	50.90	47.85	0.977 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

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
26 Mon Feb 2024	51.15	50.95	52.30	46.70	0.717 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 to mid 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 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 Strong and stock is gaining 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 HIGHS, which reflects strong buying momentum in short term! Bulls are getting stronger in this stock.

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

CCI has generated a buy signal for Mangalam Alloys in short term and BUY signal is strong.

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 48.99 and Mangalam Alloys (MAL_SM) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is rising upwards.

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 is giving positive 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.