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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 2024-03-28 View latest technical analysis

10 day averaged volume of Mangalam Alloys is 71040

Date	Daily Closing Price	Open	High	Low	Volume
28 Thu Mar 2024	33.85	35.65	35.65	33.10	1.937 times
27 Wed Mar 2024	35.20	37.35	37.35	35.00	2.5 times
26 Tue Mar 2024	37.35	40.15	40.15	37.00	2.365 times
22 Fri Mar 2024	40.40	40.55	41.00	40.20	0.833 times
21 Thu Mar 2024	40.40	41.55	41.55	40.35	0.856 times
20 Wed Mar 2024	41.00	41.90	42.40	40.10	0.856 times
19 Tue Mar 2024	40.35	41.45	41.85	39.10	0.586 times
18 Mon Mar 2024	42.10	43.30	43.30	42.10	0.293 times
15 Fri Mar 2024	43.05	41.65	43.60	41.30	0.563 times
14 Thu Mar 2024	42.40	41.00	42.80	40.50	0.608 times

Although my analysis for stock is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 32.8, for a target of 38.7 or 43.6

Share price targets for Mangalam Alloys (MAL_SM)

Target Type	Value
Downside Target	33.10
Upside Target	39.10
Upside Target	40.15
Upside Target	43.30
Upside Target	46.70
Upside Target	50.25
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	31.25
Downside Intraday Target	28.65
Upside Intraday Target	38.3
Upside Intraday Target	42.75
Upside Intraday Target	35.7

Weekly technical analysis of Mangalam Alloys (MAL_SM)

Date	Weekly Closing Price	Open	High	Low	Volume
28 Thu Mar 2024	33.85	40.15	40.15	33.10	1.987 times
22 Fri Mar 2024	40.40	43.30	43.30	39.10	1.382 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

Price has moved down this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Mangalam Alloys (MAL_SM)

Date	Monthly Closing Price	Open	High	Low	Volume
28 Thu Mar 2024	33.85	51.00	51.70	33.10	1.977 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, and volume has increased substantially. This means that the move can 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 37.84 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.