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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 2024-09-02 View latest technical analysis

10 day averaged volume of Mangalam Alloys is 71520

Date	Daily Closing Price	Open	High	Low	Volume
02 Mon Sep 2024	40.15	40.95	40.95	39.65	0.761 times
30 Fri Aug 2024	40.25	41.80	41.85	40.15	1.051 times
29 Thu Aug 2024	40.30	40.10	41.55	40.05	0.85 times
28 Wed Aug 2024	41.00	40.15	41.65	40.15	1.723 times
27 Tue Aug 2024	40.50	40.30	40.85	40.00	1.208 times
26 Mon Aug 2024	40.80	40.90	40.95	40.55	1.007 times
23 Fri Aug 2024	40.70	42.35	42.35	40.65	0.984 times
22 Thu Aug 2024	41.30	41.00	41.35	40.65	0.783 times
21 Wed Aug 2024	40.80	41.00	41.40	40.75	0.716 times
20 Tue Aug 2024	40.35	41.60	41.80	40.10	0.872 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 40.5, but if it comes above 40.5, then a intra day buy could be more profitable.
If you take a sell trade below 40.5, then use 40.5 as stoploss and 39.9 as target. However if you take a buy trade in stock , then use 40.5 as stoploss and 40.95 as target.

Share price targets for Mangalam Alloys (MAL_SM)

Target Type	Value
Downside Target	37.00
Downside Target	39.65
Upside Target	40.95
Upside Target	41.85
Upside Target	42.35
Upside Target	42.50
Upside Target	42.55
Upside Target	43.00
Upside Target	45.40
Upside Target	46.00
Upside Target	47.25

Intraday share price targets for Mangalam Alloys (MAL_SM)

Target Type	Value
Downside Intraday Target	39.55
Downside Intraday Target	38.95
Upside Intraday Target	40.85
Upside Intraday Target	41.55
Upside Intraday Target	40.25

Weekly technical analysis of Mangalam Alloys (MAL_SM)

Date	Weekly Closing Price	Open	High	Low	Volume
02 Mon Sep 2024	40.15	40.95	40.95	39.65	0.13 times
30 Fri Aug 2024	40.25	40.90	41.85	40.00	1.403 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

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
02 Mon Sep 2024	40.15	40.95	40.95	39.65	0.036 times
30 Fri Aug 2024	40.25	45.40	45.40	40.00	0.932 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

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 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 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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this 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 and the sell signal is strong.

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 red color and prices are below the red 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 and the buying is gaining 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 40.64 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.