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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 2024-09-03 View latest technical analysis

10 day averaged volume of Mangalam Alloys is 71200

Date	Daily Closing Price	Open	High	Low	Volume
03 Tue Sep 2024	39.85	40.15	40.85	38.70	1.146 times
02 Mon Sep 2024	40.15	40.95	40.95	39.65	0.764 times
30 Fri Aug 2024	40.25	41.80	41.85	40.15	1.056 times
29 Thu Aug 2024	40.30	40.10	41.55	40.05	0.854 times
28 Wed Aug 2024	41.00	40.15	41.65	40.15	1.73 times
27 Tue Aug 2024	40.50	40.30	40.85	40.00	1.213 times
26 Mon Aug 2024	40.80	40.90	40.95	40.55	1.011 times
23 Fri Aug 2024	40.70	42.35	42.35	40.65	0.989 times
22 Thu Aug 2024	41.30	41.00	41.35	40.65	0.787 times
21 Wed Aug 2024	40.80	41.00	41.40	40.75	0.719 times

Although my analysis for stock is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 39.7, for a target of 40.3 or 40.89

Share price targets for Mangalam Alloys (MAL_SM)

Target Type	Value
Downside Target	37.00
Downside Target	38.70
Downside Target	39.75
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	38.72
Downside Intraday Target	37.58
Upside Intraday Target	40.97
Upside Intraday Target	42.08
Downside Intraday Target	39.83

Weekly technical analysis of Mangalam Alloys (MAL_SM)

Date	Weekly Closing Price	Open	High	Low	Volume
03 Tue Sep 2024	39.85	40.95	40.95	38.70	0.326 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
03 Tue Sep 2024	39.85	40.95	40.95	38.70	0.09 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 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 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 sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

ADX buy sell signal for Mangalam Alloys stock for short term is SELL. 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.

Mangalam Alloys Stock is trading near its recent LOWS in short term which reflects strong selling momentum. 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 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 40.57 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.