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 2024-06-07 View latest technical analysis

10 day averaged volume of Mangalam Alloys is 18880

Date	Daily Closing Price	Open	High	Low	Volume
07 Fri Jun 2024	38.50	38.80	39.70	38.50	0.678 times
06 Thu Jun 2024	37.50	39.70	39.70	37.50	0.169 times
05 Wed Jun 2024	37.50	37.05	37.95	37.00	0.508 times
04 Tue Jun 2024	37.55	38.50	38.55	37.50	1.78 times
03 Mon Jun 2024	39.05	40.00	41.40	39.05	0.763 times
31 Fri May 2024	39.15	40.55	41.00	37.00	3.814 times
30 Thu May 2024	40.45	41.45	41.50	40.40	0.847 times
29 Wed May 2024	41.35	41.35	41.35	41.35	0.085 times
28 Tue May 2024	40.35	41.50	41.50	40.20	0.424 times
27 Mon May 2024	41.40	42.15	42.20	41.20	1.186 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 38.8, but if it comes above 38.8, then a intra day buy could be more profitable.
If you take a sell trade below 38.8, then use 38.8 as stoploss and 36.9 as target. However if you take a buy trade in stock , then use 38.8 as stoploss and 40.27 as target.

Share price targets for Mangalam Alloys (MAL_SM)

Target Type	Value
Downside Target	32.55
Downside Target	37.00
Upside Target	39.55
Upside Target	41.00
Upside Target	42.25
Upside Target	42.75
Upside Target	46.00
Upside Target	46.30
Upside Target	46.70
Upside Target	51.70
Upside Target	52.30

Intraday share price targets for Mangalam Alloys (MAL_SM)

Target Type	Value
Downside Intraday Target	36.53
Downside Intraday Target	34.57
Upside Intraday Target	40.93
Upside Intraday Target	43.37
Upside Intraday Target	38.97

Weekly technical analysis of Mangalam Alloys (MAL_SM)

Date	Weekly Closing Price	Open	High	Low	Volume
07 Fri Jun 2024	38.50	40.00	41.40	37.00	0.613 times
31 Fri May 2024	39.15	42.15	42.20	37.00	1.974 times
24 Fri May 2024	40.50	41.10	42.25	39.55	1.462 times
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

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
07 Fri Jun 2024	38.50	40.00	41.40	37.00	0.243 times
31 Fri May 2024	39.15	44.65	46.00	37.00	0.697 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

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 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 gaining 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 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 39.15 and Mangalam Alloys (MAL_SM) stock is trading below this level. This means that stock is falling with high volumes. 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.