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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 2024-09-05 View latest technical analysis

10 day averaged volume of Mangalam Alloys is 74720

Date	Daily Closing Price	Open	High	Low	Volume
05 Thu Sep 2024	41.55	39.55	44.35	39.15	3.79 times
04 Wed Sep 2024	39.00	39.90	39.95	38.80	0.899 times
03 Tue Sep 2024	39.85	40.15	40.85	38.70	1.092 times
02 Mon Sep 2024	40.15	40.95	40.95	39.65	0.728 times
30 Fri Aug 2024	40.25	41.80	41.85	40.15	1.006 times
29 Thu Aug 2024	40.30	40.10	41.55	40.05	0.814 times
28 Wed Aug 2024	41.00	40.15	41.65	40.15	1.649 times
27 Tue Aug 2024	40.50	40.30	40.85	40.00	1.156 times
26 Mon Aug 2024	40.80	40.90	40.95	40.55	0.964 times
23 Fri Aug 2024	40.70	42.35	42.35	40.65	0.942 times

Stock of Mangalam Alloys (MAL_SM) has showed a significant upmove. This could be a good time to enter in this stock!

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 41.5, but if it comes below 41.5, then a intra day sell could be more profitable.
If you take a sell trade below 41.5, then use 41.5 as stoploss and 40.81 as target. However if you take a buy trade in stock , then use 41.5 as stoploss and 42.3 as target.

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	42.50
Upside Target	42.55
Upside Target	43.00
Upside Target	44.35
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	35.88
Upside Intraday Target	44.37
Upside Intraday Target	47.18
Downside Intraday Target	41.53

Weekly technical analysis of Mangalam Alloys (MAL_SM)

Date	Weekly Closing Price	Open	High	Low	Volume
05 Thu Sep 2024	41.55	40.95	44.35	38.70	1.165 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 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
05 Thu Sep 2024	41.55	40.95	44.35	38.70	0.321 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 up 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 to mid 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 mid to longer term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

ADX buy sell signal for Mangalam Alloys stock for short term is BUY. Signal strength is Strong 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 in or above the red cloud Prices appear to be moving up

CCI has generated a buy signal for Mangalam Alloys in short term and BUY 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 40.7 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 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.