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 2024-04-15 View latest technical analysis

10 day averaged volume of Mangalam Alloys is 36640

Date	Daily Closing Price	Open	High	Low	Volume
15 Mon Apr 2024	39.00	40.00	40.00	38.00	0.524 times
12 Fri Apr 2024	40.50	40.50	40.55	40.50	0.699 times
10 Wed Apr 2024	41.05	41.30	41.80	40.85	0.437 times
09 Tue Apr 2024	41.25	42.00	42.50	41.25	0.218 times
08 Mon Apr 2024	41.30	42.15	42.15	40.75	0.218 times
05 Fri Apr 2024	42.15	42.05	42.90	42.05	0.393 times
04 Thu Apr 2024	42.50	42.00	42.75	41.75	0.524 times
03 Wed Apr 2024	41.40	42.50	42.50	40.65	0.742 times
02 Tue Apr 2024	41.75	39.25	42.00	39.25	1.004 times
01 Mon Apr 2024	39.25	32.55	39.25	32.55	2.009 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 as stoploss in an intra day buy trade for a target of 40.31. However, stock will show a bearish move below 38.

Share price targets for Mangalam Alloys (MAL_SM)

Target Type	Value
Downside Target	32.55
Downside Target	38.00
Upside Target	39.10
Upside Target	40.00
Upside Target	42.50
Upside Target	46.70
Upside Target	49.00
Upside Target	50.20
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	38
Downside Intraday Target	37
Upside Intraday Target	40
Upside Intraday Target	41
Downside Intraday Target	39

Weekly technical analysis of Mangalam Alloys (MAL_SM)

Date	Weekly Closing Price	Open	High	Low	Volume
15 Mon Apr 2024	39.00	40.00	40.00	38.00	0.333 times
12 Fri Apr 2024	40.50	42.15	42.50	40.50	0.336 times
05 Fri Apr 2024	42.15	32.55	42.90	32.55	0.354 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

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
15 Mon Apr 2024	39.00	32.55	42.90	32.55	0.253 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 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 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 BUY signal for Mangalam Alloys in short term but the buy signal is initial and weak.

Mangalam Alloys Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears are picking up momentum.

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 but buying 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 40.63 and Mangalam Alloys (MAL_SM) stock is trading below this level. This means that stock is falling with high volumes. 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.