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 2024-03-21 View latest technical analysis

10 day averaged volume of Mangalam Alloys is 32800

Date	Daily Closing Price	Open	High	Low	Volume
21 Thu Mar 2024	40.40	41.55	41.55	40.35	1.854 times
20 Wed Mar 2024	41.00	41.90	42.40	40.10	1.854 times
19 Tue Mar 2024	40.35	41.45	41.85	39.10	1.268 times
18 Mon Mar 2024	42.10	43.30	43.30	42.10	0.634 times
15 Fri Mar 2024	43.05	41.65	43.60	41.30	1.22 times
14 Thu Mar 2024	42.40	41.00	42.80	40.50	1.317 times
13 Wed Mar 2024	41.15	44.00	44.00	40.90	1.171 times
12 Tue Mar 2024	44.90	47.00	47.00	44.30	0.78 times
11 Mon Mar 2024	46.25	48.05	48.05	46.00	0.878 times
07 Thu Mar 2024	47.55	47.60	48.50	47.50	0.341 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 42.4, but if it comes above 42.4, then a intra day buy could be more profitable.
If you take a sell trade below 42.4, then use 42.4 as stoploss and 37.7 as target. However if you take a buy trade in stock , then use 42.4 as stoploss and 46.37 as target.

Share price targets for Mangalam Alloys (MAL_SM)

Target Type	Value
Downside Target	39.10
Upside Target	40.50
Upside Target	43.30
Upside Target	46.70
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	38.57
Downside Intraday Target	36.73
Upside Intraday Target	42.77
Upside Intraday Target	45.13
Upside Intraday Target	40.93

Weekly technical analysis of Mangalam Alloys (MAL_SM)

Date	Weekly Closing Price	Open	High	Low	Volume
21 Thu Mar 2024	40.40	43.30	43.30	39.10	1.045 times
15 Fri Mar 2024	43.05	48.05	48.05	40.50	2.75 times
07 Thu Mar 2024	47.55	50.00	50.25	47.50	0.597 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

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
21 Thu Mar 2024	40.40	51.00	51.70	39.10	0.884 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 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 Strong 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 SELL signal in short term but selling is losing 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 42.16 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.