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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 2024-06-19 View latest technical analysis

10 day averaged volume of Mangalam Alloys is 19840

Date	Daily Closing Price	Open	High	Low	Volume
19 Wed Jun 2024	42.00	41.80	43.00	40.60	4.113 times
18 Tue Jun 2024	39.35	40.40	40.45	39.35	1.129 times
14 Fri Jun 2024	40.40	39.80	40.40	39.65	0.565 times
13 Thu Jun 2024	40.20	39.60	41.50	39.55	1.694 times
12 Wed Jun 2024	40.15	40.35	40.35	39.40	0.565 times
11 Tue Jun 2024	40.35	40.30	40.75	40.30	1.452 times
10 Mon Jun 2024	39.60	39.85	40.30	38.70	1.613 times
07 Fri Jun 2024	38.50	38.80	39.70	38.50	0.645 times
06 Thu Jun 2024	37.50	39.70	39.70	37.50	0.161 times
05 Wed Jun 2024	37.50	37.05	37.95	37.00	0.484 times

Stock of Mangalam Alloys (MAL_SM) has showed a significant upmove. This could be a good time to enter in this stock!

Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 42.5, for a target of 41 or 39.8

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	41.40
Upside Target	42.25
Upside Target	43.00
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	39.9
Downside Intraday Target	37.8
Upside Intraday Target	43.55
Upside Intraday Target	45.1
Downside Intraday Target	41.45

Weekly technical analysis of Mangalam Alloys (MAL_SM)

Date	Weekly Closing Price	Open	High	Low	Volume
19 Wed Jun 2024	42.00	40.40	43.00	39.35	0.89 times
14 Fri Jun 2024	40.40	39.85	41.50	38.70	1.587 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

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
19 Wed Jun 2024	42.00	40.00	43.00	37.00	0.974 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 positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

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 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 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.

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 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 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 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 40.44 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.