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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 2024-09-25 View latest technical analysis

10 day averaged volume of Mangalam Alloys is 108960

Date	Daily Closing Price	Open	High	Low	Volume
25 Wed Sep 2024	41.00	42.00	42.20	40.70	0.529 times
24 Tue Sep 2024	41.25	41.00	41.35	40.70	1.072 times
23 Mon Sep 2024	40.85	40.95	41.25	40.25	0.764 times
20 Fri Sep 2024	40.95	41.25	41.40	40.35	0.558 times
19 Thu Sep 2024	41.45	42.20	43.00	40.65	0.954 times
18 Wed Sep 2024	42.55	42.50	43.35	42.00	0.778 times
17 Tue Sep 2024	42.50	42.10	42.70	41.60	1.057 times
16 Mon Sep 2024	42.15	43.20	44.55	42.00	1.865 times
13 Fri Sep 2024	43.20	45.45	45.65	42.50	1.219 times
12 Thu Sep 2024	44.90	46.10	46.10	44.25	0.617 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 40.2 as stoploss in an intra day buy trade for a target of 41.83. However, stock will show a bearish move below 40.2.

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	40.1
Downside Intraday Target	39.2
Upside Intraday Target	42.05
Upside Intraday Target	43.1
Upside Intraday Target	41.15

Weekly technical analysis of Mangalam Alloys (MAL_SM)

Date	Weekly Closing Price	Open	High	Low	Volume
25 Wed Sep 2024	41.00	40.95	42.20	40.25	0.454 times
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

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
25 Wed Sep 2024	41.00	40.95	46.80	38.70	1.34 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 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 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 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 BUY. 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 buy signal for Mangalam Alloys in short term but BUY signal is weak.

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

Stock of Mangalam Alloys is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 42.12 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.