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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 2024-09-20 View latest technical analysis

10 day averaged volume of Mangalam Alloys is 122400

Date	Daily Closing Price	Open	High	Low	Volume
20 Fri Sep 2024	40.95	41.25	41.40	40.35	0.497 times
19 Thu Sep 2024	41.45	42.20	43.00	40.65	0.85 times
18 Wed Sep 2024	42.55	42.50	43.35	42.00	0.693 times
17 Tue Sep 2024	42.50	42.10	42.70	41.60	0.941 times
16 Mon Sep 2024	42.15	43.20	44.55	42.00	1.66 times
13 Fri Sep 2024	43.20	45.45	45.65	42.50	1.085 times
12 Thu Sep 2024	44.90	46.10	46.10	44.25	0.549 times
11 Wed Sep 2024	45.15	43.50	46.80	43.50	0.993 times
10 Tue Sep 2024	44.35	43.95	44.60	43.25	1.19 times
09 Mon Sep 2024	43.55	41.65	44.00	41.65	0.967 times

My analysis of stock is bearish for shortterm, and stock might move down till 40.1 or till 38.1. Use a stoploss of 41.79 and if the stock hits stoploss, then it can shoot up till 43.48

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	41.65
Upside Target	43.00
Upside Target	44.35
Upside Target	44.55
Upside Target	45.40
Upside Target	46.00
Upside Target	46.80
Upside Target	47.25

Intraday share price targets for Mangalam Alloys (MAL_SM)

Target Type	Value
Downside Intraday Target	39.35
Downside Intraday Target	37.75
Upside Intraday Target	43.55
Upside Intraday Target	46.15
Upside Intraday Target	41.95

Weekly technical analysis of Mangalam Alloys (MAL_SM)

Date	Weekly Closing Price	Open	High	Low	Volume
20 Fri Sep 2024	40.95	43.20	44.55	40.35	0.97 times
13 Fri Sep 2024	43.20	41.65	46.80	41.65	0.948 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

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
20 Fri Sep 2024	40.95	40.95	46.80	38.70	1.17 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 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 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 SELL. Signal strength is Weak and stock is gaining momentum.

MACD generated a SELL signal for Mangalam Alloys in short term but the sell signal is initial and weak.

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 positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying 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 43.11 and Mangalam Alloys (MAL_SM) stock is trading below this level. This means that stock is falling with high volumes. 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 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.