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 2024-04-01 View latest technical analysis

10 day averaged volume of Mangalam Alloys is 80960

Date	Daily Closing Price	Open	High	Low	Volume
01 Mon Apr 2024	39.25	32.55	39.25	32.55	0.909 times
28 Thu Mar 2024	33.85	35.65	35.65	33.10	1.7 times
27 Wed Mar 2024	35.20	37.35	37.35	35.00	2.194 times
26 Tue Mar 2024	37.35	40.15	40.15	37.00	2.075 times
22 Fri Mar 2024	40.40	40.55	41.00	40.20	0.731 times
21 Thu Mar 2024	40.40	41.55	41.55	40.35	0.751 times
20 Wed Mar 2024	41.00	41.90	42.40	40.10	0.751 times
19 Tue Mar 2024	40.35	41.45	41.85	39.10	0.514 times
18 Mon Mar 2024	42.10	43.30	43.30	42.10	0.257 times
15 Fri Mar 2024	43.05	41.65	43.60	41.30	0.494 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 38.3 as stoploss in an intra day buy trade for a target of 43.04. However, stock will show a bearish move below 38.3.

Share price targets for Mangalam Alloys (MAL_SM)

Target Type	Value
Downside Target	32.55
Downside Target	39.10
Upside Target	40.15
Upside Target	43.30
Upside Target	46.70
Upside Target	49.00
Upside Target	50.20
Upside Target	50.25
Upside Target	51.70
Upside Target	52.30
Upside Target	55.85
Upside Target	59.85

Intraday share price targets for Mangalam Alloys (MAL_SM)

Target Type	Value
Downside Intraday Target	34.78
Downside Intraday Target	30.32
Upside Intraday Target	41.48
Upside Intraday Target	43.72
Downside Intraday Target	37.02

Weekly technical analysis of Mangalam Alloys (MAL_SM)

Date	Weekly Closing Price	Open	High	Low	Volume
01 Mon Apr 2024	39.25	32.55	39.25	32.55	0.152 times
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

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
01 Mon Apr 2024	39.25	32.55	39.25	32.55	0.075 times
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

Scroll below to view daily charts

Price has moved up 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 losing momentum.

MACD generated a SELL signal for Mangalam Alloys in short term and the sell signal is strong.

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 moving up

CCI has generated a buy signal for Mangalam Alloys in short term but BUY signal is weak.

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 37.73 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 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.