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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 2024-04-26 View latest technical analysis

10 day averaged volume of Mangalam Alloys is 20640

Date	Daily Closing Price	Open	High	Low	Volume
26 Fri Apr 2024	45.50	45.90	46.00	45.35	0.543 times
25 Thu Apr 2024	46.00	46.00	46.00	46.00	0.078 times
24 Wed Apr 2024	46.15	45.00	46.30	44.60	2.171 times
23 Tue Apr 2024	44.30	41.50	45.00	41.50	2.636 times
22 Mon Apr 2024	41.00	39.90	41.35	39.90	0.853 times
19 Fri Apr 2024	39.05	38.85	39.95	38.65	0.465 times
18 Thu Apr 2024	39.50	39.50	40.15	39.50	0.543 times
16 Tue Apr 2024	38.35	38.20	38.35	38.20	0.31 times
15 Mon Apr 2024	39.00	40.00	40.00	38.00	0.93 times
12 Fri Apr 2024	40.50	40.50	40.55	40.50	1.24 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 44.1, but if it comes below 44.1, then a intra day sell could be more profitable.
If you take a sell trade below 44.1, then use 44.1 as stoploss and 40.95 as target. However if you take a buy trade in stock , then use 44.1 as stoploss and 47.8 as target.

Share price targets for Mangalam Alloys (MAL_SM)

Target Type	Value
Downside Target	32.55
Downside Target	38.00
Downside Target	39.90
Downside Target	42.50
Upside Target	46.30
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	41.5
Downside Intraday Target	37.5
Upside Intraday Target	47.9
Upside Intraday Target	50.3
Downside Intraday Target	43.9

Weekly technical analysis of Mangalam Alloys (MAL_SM)

Date	Weekly Closing Price	Open	High	Low	Volume
26 Fri Apr 2024	45.50	39.90	46.30	39.90	2.793 times
19 Fri Apr 2024	39.05	40.00	40.15	38.00	0.806 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

Price has moved up 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
26 Fri Apr 2024	45.50	32.55	46.30	32.55	0.413 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 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 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 Strong and stock is losing momentum.

MACD generated a BUY signal for Mangalam Alloys in short term but the buy signal is initial and weak.

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 HIGHS, which reflects strong buying momentum in short term! Bulls are getting stronger in this stock.

Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be coming down

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

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 42.81 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 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.