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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 2024-08-28 View latest technical analysis

10 day averaged volume of Mangalam Alloys is 69120

Date	Daily Closing Price	Open	High	Low	Volume
28 Wed Aug 2024	41.00	40.15	41.65	40.15	1.782 times
27 Tue Aug 2024	40.50	40.30	40.85	40.00	1.25 times
26 Mon Aug 2024	40.80	40.90	40.95	40.55	1.042 times
23 Fri Aug 2024	40.70	42.35	42.35	40.65	1.019 times
22 Thu Aug 2024	41.30	41.00	41.35	40.65	0.81 times
21 Wed Aug 2024	40.80	41.00	41.40	40.75	0.741 times
20 Tue Aug 2024	40.35	41.60	41.80	40.10	0.903 times
19 Mon Aug 2024	41.55	41.50	41.70	40.00	0.833 times
16 Fri Aug 2024	40.55	41.10	41.50	40.25	1.736 times
14 Wed Aug 2024	41.00	41.90	41.95	41.00	0.856 times

My analysis of stock is bearish for shortterm, and stock might move down till 40.5 or till 39.6. Use a stoploss of 41.36 and if the stock hits stoploss, then it can shoot up till 42.17

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	41.65
Upside Target	42.50
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	40.12
Downside Intraday Target	39.23
Upside Intraday Target	41.77
Upside Intraday Target	42.53
Downside Intraday Target	40.88

Weekly technical analysis of Mangalam Alloys (MAL_SM)

Date	Weekly Closing Price	Open	High	Low	Volume
28 Wed Aug 2024	41.00	40.90	41.65	40.00	0.946 times
23 Fri Aug 2024	40.70	41.50	42.35	40.00	1.022 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

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
28 Wed Aug 2024	41.00	45.40	45.40	40.00	0.848 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 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 BUY. Signal strength is Weak and stock is gaining momentum.

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

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 40.82 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 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.