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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 2024-09-10 View latest technical analysis

10 day averaged volume of Mangalam Alloys is 108160

Date	Daily Closing Price	Open	High	Low	Volume
10 Tue Sep 2024	44.35	43.95	44.60	43.25	1.346 times
09 Mon Sep 2024	43.55	41.65	44.00	41.65	1.095 times
06 Fri Sep 2024	41.55	42.90	44.10	41.50	1.213 times
05 Thu Sep 2024	41.55	39.55	44.35	39.15	2.618 times
04 Wed Sep 2024	39.00	39.90	39.95	38.80	0.621 times
03 Tue Sep 2024	39.85	40.15	40.85	38.70	0.754 times
02 Mon Sep 2024	40.15	40.95	40.95	39.65	0.503 times
30 Fri Aug 2024	40.25	41.80	41.85	40.15	0.695 times
29 Thu Aug 2024	40.30	40.10	41.55	40.05	0.562 times
28 Wed Aug 2024	41.00	40.15	41.65	40.15	1.139 times

Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 43.6, for a target of 42.2 or 41.04

Share price targets for Mangalam Alloys (MAL_SM)

Target Type	Value
Downside Target	37.00
Downside Target	38.70
Downside Target	39.75
Downside Target	41.65
Downside Target	42.55
Downside Target	43.00
Downside Target	44.35
Upside Target	44.60
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	42.47
Downside Intraday Target	40.58
Upside Intraday Target	45.42
Upside Intraday Target	46.48
Downside Intraday Target	43.53

Weekly technical analysis of Mangalam Alloys (MAL_SM)

Date	Weekly Closing Price	Open	High	Low	Volume
10 Tue Sep 2024	44.35	41.65	44.60	41.65	0.427 times
06 Fri Sep 2024	41.55	40.95	44.35	38.70	1.479 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

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
10 Tue Sep 2024	44.35	40.95	44.60	38.70	0.582 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 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.

Price action analysis of Mangalam Alloys ( (MAL_SM) ) based on a short to mid 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.

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 Strong and stock is gaining momentum.

MACD generated a BUY signal for Mangalam Alloys in short term and the buy signal is strong.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Mangalam Alloys Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting stronger in this stock.

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 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 41.56 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 positive

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