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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 2024-07-22 View latest technical analysis

10 day averaged volume of Mangalam Alloys is 22720

Date	Daily Closing Price	Open	High	Low	Volume
22 Mon Jul 2024	40.70	41.15	41.75	40.55	6.408 times
19 Fri Jul 2024	41.45	41.50	41.50	40.95	2.887 times
18 Thu Jul 2024	41.65	42.85	42.85	41.65	0.352 times
16 Tue Jul 2024	42.05	42.50	42.50	42.05	0.211 times
15 Mon Jul 2024	42.80	42.10	42.90	42.10	0.352 times
12 Fri Jul 2024	42.10	43.00	43.30	41.65	1.549 times
11 Thu Jul 2024	42.35	40.40	43.00	40.40	2.113 times
10 Wed Jul 2024	40.55	40.75	40.85	40.00	0.845 times
09 Tue Jul 2024	40.90	40.75	41.20	40.60	0.352 times
08 Mon Jul 2024	41.00	41.05	41.90	41.00	0.634 times

Stock of Mangalam Alloys (MAL_SM) has showed a significant fall. This could be a good time to exit from this stock.

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 40.3 as stoploss in an intra day buy trade for a target of 41.13. However, stock will show a bearish move below 40.3.

Share price targets for Mangalam Alloys (MAL_SM)

Target Type	Value
Downside Target	32.55
Downside Target	37.00
Downside Target	39.00
Upside Target	42.00
Upside Target	42.90
Upside Target	43.00
Upside Target	43.30
Upside Target	46.00
Upside Target	46.30
Upside Target	51.70

Intraday share price targets for Mangalam Alloys (MAL_SM)

Target Type	Value
Downside Intraday Target	40.25
Downside Intraday Target	39.8
Upside Intraday Target	41.45
Upside Intraday Target	42.2
Upside Intraday Target	41

Weekly technical analysis of Mangalam Alloys (MAL_SM)

Date	Weekly Closing Price	Open	High	Low	Volume
22 Mon Jul 2024	40.70	41.15	41.75	40.55	1.685 times
19 Fri Jul 2024	41.45	42.10	42.90	40.95	0.692 times
12 Fri Jul 2024	42.10	41.05	43.30	40.00	1.625 times
05 Fri Jul 2024	41.05	40.00	41.75	39.75	0.906 times
28 Fri Jun 2024	39.15	41.05	42.00	39.00	0.596 times

Price has moved down this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Mangalam Alloys (MAL_SM)

Date	Monthly Closing Price	Open	High	Low	Volume
22 Mon Jul 2024	40.70	40.00	43.30	39.75	1.038 times
28 Fri Jun 2024	39.15	40.00	43.00	37.00	1.381 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

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 sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

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 SELL. Signal strength is Weak and stock is gaining momentum.

MACD generated a SELL signal for Mangalam Alloys in short term but the sell signal is initial and weak.

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. Bears are getting stronger in this stock.

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

CCI has generated a SELL signal for Mangalam Alloys in short term and SELL signal is strong!

RSI is generating a BUY signal in short term but buying is losing momentum.

MRSI is in positive zone. This is a BUY 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 41.29 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 positive

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