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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 2024-10-15 View latest technical analysis

10 day averaged volume of Mangalam Alloys is 82880

Date	Daily Closing Price	Open	High	Low	Volume
15 Tue Oct 2024	40.60	40.80	40.85	39.00	0.888 times
14 Mon Oct 2024	40.65	41.35	42.00	40.40	1.1 times
11 Fri Oct 2024	39.75	41.15	41.60	39.75	1.641 times
10 Thu Oct 2024	41.50	41.90	41.90	40.45	0.869 times
09 Wed Oct 2024	41.30	41.00	41.80	40.95	0.811 times
08 Tue Oct 2024	40.60	40.00	40.95	39.75	0.83 times
07 Mon Oct 2024	39.00	42.50	42.55	37.60	1.371 times
04 Fri Oct 2024	41.55	40.05	41.65	38.95	0.772 times
03 Thu Oct 2024	41.20	42.50	42.50	40.65	0.676 times
01 Tue Oct 2024	41.50	41.40	42.40	41.25	1.255 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 40.4 as stoploss in an intra day buy trade for a target of 41.14. However, stock will show a bearish move below 40.4.

Share price targets for Mangalam Alloys (MAL_SM)

Target Type	Value
Downside Target	37.00
Downside Target	38.70
Upside Target	42.00
Upside Target	42.50
Upside Target	42.55
Upside Target	43.00
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	39.07
Downside Intraday Target	37.53
Upside Intraday Target	42.07
Upside Intraday Target	43.53
Downside Intraday Target	40.53

Weekly technical analysis of Mangalam Alloys (MAL_SM)

Date	Weekly Closing Price	Open	High	Low	Volume
15 Tue Oct 2024	40.60	41.35	42.00	39.00	0.36 times
11 Fri Oct 2024	39.75	42.50	42.55	37.60	1.634 times
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

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
15 Tue Oct 2024	40.60	41.40	42.55	37.60	0.364 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 down 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 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 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 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 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 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.

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. Bulls are getting tired and bears are picking up momentum.

Ichimoku cloud is of red color and prices are in or above 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 SELL signal in short term but selling 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 40.61 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 positive

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