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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 2024-08-05 View latest technical analysis

10 day averaged volume of Mangalam Alloys is 150240

Date	Daily Closing Price	Open	High	Low	Volume
05 Mon Aug 2024	40.90	40.00	41.70	40.00	0.788 times
02 Fri Aug 2024	42.50	42.75	42.95	42.00	0.469 times
01 Thu Aug 2024	42.75	45.40	45.40	42.75	0.639 times
31 Wed Jul 2024	43.70	42.80	44.50	42.55	0.564 times
30 Tue Jul 2024	42.35	42.05	42.95	42.00	1.14 times
29 Mon Jul 2024	42.05	42.35	43.55	42.05	1.108 times
26 Fri Jul 2024	42.40	43.95	43.95	42.10	0.841 times
25 Thu Jul 2024	42.95	43.80	45.65	42.45	1.544 times
24 Wed Jul 2024	43.75	42.00	47.25	41.95	1.81 times
23 Tue Jul 2024	41.25	41.00	42.00	40.50	0.916 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 41.1, but if it comes above 41.1, then a intra day buy could be more profitable.
If you take a sell trade below 41.1, then use 41.1 as stoploss and 40 as target. However if you take a buy trade in stock , then use 41.1 as stoploss and 42.01 as target.

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	45.40
Upside Target	46.00
Upside Target	46.30
Upside Target	47.25

Intraday share price targets for Mangalam Alloys (MAL_SM)

Target Type	Value
Downside Intraday Target	40.03
Downside Intraday Target	39.17
Upside Intraday Target	41.73
Upside Intraday Target	42.57
Downside Intraday Target	40.87

Weekly technical analysis of Mangalam Alloys (MAL_SM)

Date	Weekly Closing Price	Open	High	Low	Volume
05 Mon Aug 2024	40.90	40.00	41.70	40.00	0.201 times
02 Fri Aug 2024	42.50	42.35	45.40	42.00	0.644 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

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
05 Mon Aug 2024	40.90	45.40	45.40	40.00	0.175 times
31 Wed Jul 2024	43.70	40.00	47.25	39.75	3.889 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

Scroll below to view daily charts

Price has moved down 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 neutral. A longer time frame might give a better analysis.

Price action analysis of Mangalam Alloys ( (MAL_SM) ) based on a short to mid 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 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 Weak and stock is losing momentum.

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

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 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 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 42.56 and Mangalam Alloys (MAL_SM) stock is trading below this level. This means that stock is falling with high volumes. 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.