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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 2024-10-04 View latest technical analysis

10 day averaged volume of Mangalam Alloys is 87680

Date	Daily Closing Price	Open	High	Low	Volume
04 Fri Oct 2024	41.55	40.05	41.65	38.95	0.73 times
03 Thu Oct 2024	41.20	42.50	42.50	40.65	0.639 times
01 Tue Oct 2024	41.50	41.40	42.40	41.25	1.186 times
30 Mon Sep 2024	41.40	41.50	41.65	41.00	0.639 times
27 Fri Sep 2024	41.50	41.65	41.65	40.40	1.405 times
26 Thu Sep 2024	41.65	41.45	41.70	40.45	1.314 times
25 Wed Sep 2024	41.00	42.00	42.20	40.70	0.657 times
24 Tue Sep 2024	41.25	41.00	41.35	40.70	1.332 times
23 Mon Sep 2024	40.85	40.95	41.25	40.25	0.949 times
20 Fri Sep 2024	40.95	41.25	41.40	40.35	0.693 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 40.9 as stoploss in an intra day buy trade for a target of 42.21. However, stock will show a bearish move below 40.9.

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	42.50
Upside Target	43.00
Upside Target	44.35
Upside Target	44.55
Upside Target	45.40
Upside Target	46.80
Upside Target	47.25

Intraday share price targets for Mangalam Alloys (MAL_SM)

Target Type	Value
Downside Intraday Target	39.5
Downside Intraday Target	37.45
Upside Intraday Target	43.05
Upside Intraday Target	44.55
Downside Intraday Target	41

Weekly technical analysis of Mangalam Alloys (MAL_SM)

Date	Weekly Closing Price	Open	High	Low	Volume
04 Fri Oct 2024	41.55	41.50	42.50	38.95	0.565 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 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
04 Fri Oct 2024	41.55	41.40	42.50	38.95	0.096 times
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

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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

ADX buy sell signal for Mangalam Alloys stock for short term is SELL. 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 below the red cloud Prices appear to be moving up

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 but buying is losing 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 41.32 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 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 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.