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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 2024-09-30 View latest technical analysis

10 day averaged volume of Mangalam Alloys is 106400

Date	Daily Closing Price	Open	High	Low	Volume
30 Mon Sep 2024	41.40	41.50	41.65	41.00	0.526 times
27 Fri Sep 2024	41.50	41.65	41.65	40.40	1.158 times
26 Thu Sep 2024	41.65	41.45	41.70	40.45	1.083 times
25 Wed Sep 2024	41.00	42.00	42.20	40.70	0.541 times
24 Tue Sep 2024	41.25	41.00	41.35	40.70	1.098 times
23 Mon Sep 2024	40.85	40.95	41.25	40.25	0.782 times
20 Fri Sep 2024	40.95	41.25	41.40	40.35	0.571 times
19 Thu Sep 2024	41.45	42.20	43.00	40.65	0.977 times
18 Wed Sep 2024	42.55	42.50	43.35	42.00	0.797 times
17 Tue Sep 2024	42.50	42.10	42.70	41.60	1.083 times

My analysis of stock is bearish for shortterm, and stock might move down till 40.5 or till 38.6. Use a stoploss of 42.02 and if the stock hits stoploss, then it can shoot up till 43.56

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	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	41.05
Downside Intraday Target	40.7
Upside Intraday Target	41.7
Upside Intraday Target	42
Downside Intraday Target	41.35

Weekly technical analysis of Mangalam Alloys (MAL_SM)

Date	Weekly Closing Price	Open	High	Low	Volume
30 Mon Sep 2024	41.40	41.50	41.65	41.00	0.113 times
27 Fri Sep 2024	41.50	40.95	42.20	40.25	0.873 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

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
30 Mon Sep 2024	41.40	40.95	46.80	38.70	1.535 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, and volume has increased substantially. This means that the move can 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 positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

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 definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

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 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 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 negative zone. This is the SELL 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 41.57 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.