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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 2024-08-21 View latest technical analysis

10 day averaged volume of Mangalam Alloys is 63360

Date	Daily Closing Price	Open	High	Low	Volume
21 Wed Aug 2024	40.80	41.00	41.40	40.75	0.808 times
20 Tue Aug 2024	40.35	41.60	41.80	40.10	0.985 times
19 Mon Aug 2024	41.55	41.50	41.70	40.00	0.909 times
16 Fri Aug 2024	40.55	41.10	41.50	40.25	1.894 times
14 Wed Aug 2024	41.00	41.90	41.95	41.00	0.934 times
13 Tue Aug 2024	41.65	42.55	42.55	41.65	0.884 times
12 Mon Aug 2024	41.75	42.00	42.35	41.75	0.884 times
09 Fri Aug 2024	41.60	42.00	42.50	41.55	0.96 times
08 Thu Aug 2024	41.55	41.80	42.40	41.40	0.96 times
07 Wed Aug 2024	41.10	41.20	41.80	40.85	0.53 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 40.9, but if it comes above 40.9, then a intra day buy could be more profitable.
If you take a sell trade below 40.9, then use 40.9 as stoploss and 39.7 as target. However if you take a buy trade in stock , then use 40.9 as stoploss and 41.82 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	41.80
Upside Target	42.55
Upside Target	43.00
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	39.93
Downside Intraday Target	39.07
Upside Intraday Target	41.73
Upside Intraday Target	42.67
Upside Intraday Target	40.87

Weekly technical analysis of Mangalam Alloys (MAL_SM)

Date	Weekly Closing Price	Open	High	Low	Volume
21 Wed Aug 2024	40.80	41.50	41.80	40.00	0.588 times
16 Fri Aug 2024	40.55	42.00	42.55	40.25	0.854 times
09 Fri Aug 2024	41.60	40.00	42.50	40.00	0.579 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

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
21 Wed Aug 2024	40.80	45.40	45.40	40.00	0.597 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 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 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 to mid 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 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 SELL. Signal strength is Weak and stock is losing momentum.

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

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 weakening, and bulls are picking up momentum!

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be moving up

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

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 41.13 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 negative.

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