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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 2024-06-11 View latest technical analysis

10 day averaged volume of Mangalam Alloys is 20320

Date	Daily Closing Price	Open	High	Low	Volume
11 Tue Jun 2024	40.35	40.30	40.75	40.30	1.417 times
10 Mon Jun 2024	39.60	39.85	40.30	38.70	1.575 times
07 Fri Jun 2024	38.50	38.80	39.70	38.50	0.63 times
06 Thu Jun 2024	37.50	39.70	39.70	37.50	0.157 times
05 Wed Jun 2024	37.50	37.05	37.95	37.00	0.472 times
04 Tue Jun 2024	37.55	38.50	38.55	37.50	1.654 times
03 Mon Jun 2024	39.05	40.00	41.40	39.05	0.709 times
31 Fri May 2024	39.15	40.55	41.00	37.00	3.543 times
30 Thu May 2024	40.45	41.45	41.50	40.40	0.787 times
29 Wed May 2024	41.35	41.35	41.35	41.35	0.079 times

My analysis of stock is bullish for shortterm, and stock might move up till 41.5 or till 43.2. Use a stoploss of 40.09 and if this stock hits its stoploss, then it can fall down till 38.65

Share price targets for Mangalam Alloys (MAL_SM)

Target Type	Value
Downside Target	32.55
Downside Target	37.00
Downside Target	38.70
Downside Target	39.55
Upside Target	40.75
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	39.12
Downside Intraday Target	37.88
Upside Intraday Target	41.17
Upside Intraday Target	41.98
Downside Intraday Target	39.93

Weekly technical analysis of Mangalam Alloys (MAL_SM)

Date	Weekly Closing Price	Open	High	Low	Volume
11 Tue Jun 2024	40.35	39.85	40.75	38.70	0.826 times
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

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
11 Tue Jun 2024	40.35	40.00	41.40	37.00	0.444 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 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 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 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 mid to longer term time period is neutral. A longer time frame might give a better analysis.

ADX buy sell signal for Mangalam Alloys stock for short term is SELL. 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.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

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. 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 moving up

CCI has generated a buy signal for Mangalam Alloys in short term and BUY 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

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 39.1 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 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.