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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 2024-05-17 View latest technical analysis

10 day averaged volume of Mangalam Alloys is 10880

Date	Daily Closing Price	Open	High	Low	Volume
17 Fri May 2024	42.50	41.10	42.50	41.10	0.588 times
16 Thu May 2024	41.50	41.85	41.85	41.50	0.441 times
15 Wed May 2024	41.65	41.15	41.85	41.15	0.588 times
14 Tue May 2024	41.15	42.45	42.45	41.10	0.735 times
13 Mon May 2024	41.55	42.00	42.75	41.00	1.471 times
10 Fri May 2024	42.00	41.80	42.00	41.80	0.441 times
09 Thu May 2024	42.45	43.75	43.75	42.00	0.735 times
08 Wed May 2024	41.75	41.75	41.75	41.75	0.147 times
07 Tue May 2024	41.65	43.60	46.00	41.65	3.676 times
06 Mon May 2024	42.35	44.00	44.00	42.35	1.324 times

My analysis of stock is bearish for shortterm, and stock might move down till 40.9 or till 38.8. Use a stoploss of 42.59 and if the stock hits stoploss, then it can shoot up till 44.3

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	41.00
Upside Target	45.25
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	41.42
Downside Intraday Target	40.33
Upside Intraday Target	43.17
Upside Intraday Target	43.83
Downside Intraday Target	42.08

Weekly technical analysis of Mangalam Alloys (MAL_SM)

Date	Weekly Closing Price	Open	High	Low	Volume
17 Fri May 2024	42.50	42.00	42.75	41.00	0.605 times
10 Fri May 2024	42.00	44.00	46.00	41.65	1.72 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

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
17 Fri May 2024	42.50	44.65	46.00	41.00	0.28 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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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 BUY. 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.

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 green color and prices are above the green 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 BUY signal in short term but buying is losing momentum.

MRSI is in negative zone. This is the SELL zone

Stock of Mangalam Alloys is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 41.81 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 positive

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