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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 2024-07-30 View latest technical analysis

10 day averaged volume of Mangalam Alloys is 116640

Date	Daily Closing Price	Open	High	Low	Volume
30 Tue Jul 2024	42.35	42.05	42.95	42.00	1.468 times
29 Mon Jul 2024	42.05	42.35	43.55	42.05	1.427 times
26 Fri Jul 2024	42.40	43.95	43.95	42.10	1.084 times
25 Thu Jul 2024	42.95	43.80	45.65	42.45	1.989 times
24 Wed Jul 2024	43.75	42.00	47.25	41.95	2.332 times
23 Tue Jul 2024	41.25	41.00	42.00	40.50	1.18 times
22 Mon Jul 2024	40.70	41.15	41.75	40.55	1.248 times
19 Fri Jul 2024	41.45	41.50	41.50	40.95	0.562 times
18 Thu Jul 2024	41.65	42.85	42.85	41.65	0.069 times
16 Tue Jul 2024	42.05	42.50	42.50	42.05	0.041 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 42.6 as stoploss in an intra day sell trade for a target of 41.66. However, stock will show a bullish move above 42.6.

Share price targets for Mangalam Alloys (MAL_SM)

Target Type	Value
Downside Target	32.55
Downside Target	37.00
Downside Target	39.75
Upside Target	42.90
Upside Target	43.00
Upside Target	43.30
Upside Target	43.55
Upside Target	46.00
Upside Target	46.30
Upside Target	47.25
Upside Target	51.70

Intraday share price targets for Mangalam Alloys (MAL_SM)

Target Type	Value
Downside Intraday Target	41.72
Downside Intraday Target	41.08
Upside Intraday Target	43.27
Upside Intraday Target	44.18
Upside Intraday Target	42.63

Weekly technical analysis of Mangalam Alloys (MAL_SM)

Date	Weekly Closing Price	Open	High	Low	Volume
30 Tue Jul 2024	42.35	42.35	43.55	42.00	0.37 times
26 Fri Jul 2024	42.40	41.15	47.25	40.50	10.574 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

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
30 Tue Jul 2024	42.35	40.00	47.25	39.75	3.686 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, and volume has increased substantially. This means that the move can 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 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 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 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 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 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 is trading near its recent LOWS in short term which reflects strong selling momentum. 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 moving up

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 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 42.36 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.