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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 2024-03-05 View latest technical analysis

10 day averaged volume of Mangalam Alloys is 18720

Date	Daily Closing Price	Open	High	Low	Volume
05 Tue Mar 2024	48.60	49.05	49.50	48.60	0.598 times
04 Mon Mar 2024	49.20	50.00	50.25	49.05	1.282 times
01 Fri Mar 2024	50.50	51.00	51.70	50.50	0.769 times
29 Thu Feb 2024	49.65	50.10	50.10	49.65	0.256 times
28 Wed Feb 2024	50.50	50.30	51.00	50.00	1.282 times
27 Tue Feb 2024	51.55	51.30	52.10	51.30	2.222 times
26 Mon Feb 2024	51.15	51.20	51.20	50.30	1.197 times
23 Fri Feb 2024	50.70	49.05	50.90	49.05	1.282 times
22 Thu Feb 2024	48.85	48.15	48.85	48.15	0.94 times
21 Wed Feb 2024	48.15	48.50	48.50	48.00	0.513 times

My analysis of stock is bearish for shortterm, and stock might move down till 47.9 or till 46.4. Use a stoploss of 49.07 and if the stock hits stoploss, then it can shoot up till 50.27

Share price targets for Mangalam Alloys (MAL_SM)

Target Type	Value
Downside Target	46.70
Downside Target	47.85
Upside Target	50.25
Upside Target	50.90
Upside Target	51.70
Upside Target	52.10
Upside Target	52.30
Upside Target	55.85
Upside Target	59.85
Upside Target	60.00

Intraday share price targets for Mangalam Alloys (MAL_SM)

Target Type	Value
Downside Intraday Target	48.05
Downside Intraday Target	47.5
Upside Intraday Target	49.7
Upside Intraday Target	50.8
Upside Intraday Target	49.15

Weekly technical analysis of Mangalam Alloys (MAL_SM)

Date	Weekly Closing Price	Open	High	Low	Volume
05 Tue Mar 2024	48.60	50.00	50.25	48.60	0.328 times
01 Fri Mar 2024	50.50	51.20	52.10	49.65	1.558 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

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 Tue Mar 2024	48.60	51.00	51.70	48.60	0.1 times
29 Thu Feb 2024	49.65	50.95	52.30	46.70	0.836 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

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 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 to mid 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 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.

Mangalam Alloys Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. 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 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 50.27 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 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.