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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 2024-06-26 View latest technical analysis

10 day averaged volume of Mangalam Alloys is 24320

Date	Daily Closing Price	Open	High	Low	Volume
26 Wed Jun 2024	41.50	41.95	42.00	41.00	0.987 times
25 Tue Jun 2024	41.95	41.30	41.95	41.20	0.263 times
24 Mon Jun 2024	41.25	41.05	41.50	41.05	0.395 times
21 Fri Jun 2024	41.25	42.70	42.85	41.25	0.461 times
20 Thu Jun 2024	42.70	41.95	42.75	41.40	1.118 times
19 Wed Jun 2024	42.00	41.80	43.00	40.60	3.355 times
18 Tue Jun 2024	39.35	40.40	40.45	39.35	0.921 times
14 Fri Jun 2024	40.40	39.80	40.40	39.65	0.461 times
13 Thu Jun 2024	40.20	39.60	41.50	39.55	1.382 times
12 Wed Jun 2024	40.15	40.35	40.35	39.40	0.461 times

My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 41.6 as stoploss in an intra day sell trade for a target of 40.09. However, stock will show a bullish move above 41.6.

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	41.00
Upside Target	42.20
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	41
Downside Intraday Target	40.5
Upside Intraday Target	42
Upside Intraday Target	42.5
Downside Intraday Target	41.5

Weekly technical analysis of Mangalam Alloys (MAL_SM)

Date	Weekly Closing Price	Open	High	Low	Volume
26 Wed Jun 2024	41.50	41.05	42.00	41.00	0.281 times
21 Fri Jun 2024	41.25	40.40	43.00	39.35	1.219 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

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
26 Wed Jun 2024	41.50	40.00	43.00	37.00	1.233 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 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 term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in 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 and the buy signal is strong.

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 tired and bears are picking up momentum.

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

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

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 41.3 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.