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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 2024-11-22 View latest technical analysis

10 day averaged volume of Mangalam Alloys is 45920

Date	Daily Closing Price	Open	High	Low	Volume
22 Fri Nov 2024	37.00	36.55	38.00	36.50	0.279 times
21 Thu Nov 2024	37.00	36.50	38.45	36.50	0.279 times
19 Tue Nov 2024	37.00	36.60	38.00	36.60	1.01 times
18 Mon Nov 2024	36.75	37.00	37.00	36.60	0.105 times
14 Thu Nov 2024	37.85	38.00	38.00	37.75	0.209 times
13 Wed Nov 2024	38.75	38.20	39.45	37.50	1.951 times
12 Tue Nov 2024	38.50	39.00	39.75	38.50	1.115 times
11 Mon Nov 2024	38.50	38.70	39.90	38.50	1.324 times
08 Fri Nov 2024	38.50	38.55	38.90	38.00	1.254 times
07 Thu Nov 2024	38.05	38.90	38.95	37.75	1.568 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 37.4, but if it comes above 37.4, then a intra day buy could be more profitable.
If you take a sell trade below 37.4, then use 37.4 as stoploss and 36.6 as target. However if you take a buy trade in stock , then use 37.4 as stoploss and 38.1 as target.

Share price targets for Mangalam Alloys (MAL_SM)

Target Type	Value
Downside Target	36.50
Upside Target	37.35
Upside Target	39.75
Upside Target	39.90
Upside Target	40.00
Upside Target	41.90
Upside Target	42.55
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	36.18
Downside Intraday Target	35.37
Upside Intraday Target	38.13
Upside Intraday Target	39.27
Upside Intraday Target	37.32

Weekly technical analysis of Mangalam Alloys (MAL_SM)

Date	Weekly Closing Price	Open	High	Low	Volume
22 Fri Nov 2024	37.00	37.00	38.45	36.50	0.364 times
14 Thu Nov 2024	37.85	38.70	39.90	37.50	0.714 times
08 Fri Nov 2024	38.50	38.50	39.05	37.75	1.164 times
01 Fri Nov 2024	38.70	38.00	39.65	37.35	0.783 times
25 Fri Oct 2024	38.00	40.20	41.90	38.00	0.914 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
22 Fri Nov 2024	37.00	38.35	39.90	36.50	0.387 times
31 Thu Oct 2024	38.35	41.40	42.55	37.35	0.683 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

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 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 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 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 SELL. Signal strength is Weak and stock is losing 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 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 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 38.18 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.