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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 2024-05-06 View latest technical analysis

10 day averaged volume of Mangalam Alloys is 17920

Date	Daily Closing Price	Open	High	Low	Volume
06 Mon May 2024	42.35	44.00	44.00	42.35	0.804 times
03 Fri May 2024	42.45	42.30	42.70	42.20	0.268 times
02 Thu May 2024	43.00	44.65	44.65	43.00	0.357 times
30 Tue Apr 2024	43.25	43.50	44.55	43.25	0.625 times
29 Mon Apr 2024	42.50	45.25	45.25	42.50	0.982 times
26 Fri Apr 2024	45.50	45.90	46.00	45.35	0.625 times
25 Thu Apr 2024	46.00	46.00	46.00	46.00	0.089 times
24 Wed Apr 2024	46.15	45.00	46.30	44.60	2.5 times
23 Tue Apr 2024	44.30	41.50	45.00	41.50	3.036 times
22 Mon Apr 2024	41.00	39.90	41.35	39.90	0.982 times

My analysis of stock is bullish for shortterm, and stock might move up till 44.3 or till 46.9. Use a stoploss of 42.06 and if this stock hits its stoploss, then it can fall down till 39.86

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	42.20
Upside Target	44.00
Upside Target	46.30
Upside Target	46.70
Upside Target	50.20
Upside Target	51.70
Upside Target	52.30
Upside Target	55.85

Intraday share price targets for Mangalam Alloys (MAL_SM)

Target Type	Value
Downside Intraday Target	41.8
Downside Intraday Target	41.25
Upside Intraday Target	43.45
Upside Intraday Target	44.55
Upside Intraday Target	42.9

Weekly technical analysis of Mangalam Alloys (MAL_SM)

Date	Weekly Closing Price	Open	High	Low	Volume
06 Mon May 2024	42.35	44.00	44.00	42.35	0.36 times
03 Fri May 2024	42.45	45.25	45.25	42.20	0.309 times
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

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
06 Mon May 2024	42.35	44.65	44.65	42.20	0.059 times
30 Tue Apr 2024	43.25	32.55	46.30	32.55	0.442 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

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 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 Weak and stock is losing momentum.

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

Mangalam Alloys Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bears are getting stronger in this stock.

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

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

RSI is generating a BUY signal in short term and the buying is gaining momentum.

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying 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 44.04 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 positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.