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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 2024-12-18 View latest technical analysis

10 day averaged volume of Mangalam Alloys is 85280

Date	Daily Closing Price	Open	High	Low	Volume
18 Wed Dec 2024	42.50	42.00	43.05	41.00	1.614 times
17 Tue Dec 2024	42.80	42.00	43.00	41.20	1.482 times
16 Mon Dec 2024	41.00	41.70	43.00	40.50	0.6 times
13 Fri Dec 2024	41.25	42.00	42.45	40.35	0.844 times
12 Thu Dec 2024	41.35	40.50	42.45	40.35	0.901 times
11 Wed Dec 2024	41.00	41.00	41.00	41.00	0.038 times
10 Tue Dec 2024	41.00	40.70	41.80	40.70	0.394 times
09 Mon Dec 2024	41.00	43.15	43.45	40.50	0.807 times
06 Fri Dec 2024	42.80	42.45	43.25	42.00	0.788 times
05 Thu Dec 2024	43.60	45.00	45.00	42.90	1.032 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 42.4, but if it comes below 42.4, then a intra day sell could be more profitable.
If you take a sell trade below 42.4, then use 42.4 as stoploss and 40.14 as target. However if you take a buy trade in stock , then use 42.4 as stoploss and 45.2 as target.

Share price targets for Mangalam Alloys (MAL_SM)

Target Type	Value
Downside Target	36.50
Downside Target	38.45
Downside Target	39.90
Downside Target	40.50
Upside Target	42.55
Upside Target	43.05
Upside Target	43.45
Upside Target	45.00
Upside Target	45.40
Upside Target	46.80

Intraday share price targets for Mangalam Alloys (MAL_SM)

Target Type	Value
Downside Intraday Target	40.98
Downside Intraday Target	39.47
Upside Intraday Target	43.53
Upside Intraday Target	44.57
Downside Intraday Target	42.02

Weekly technical analysis of Mangalam Alloys (MAL_SM)

Date	Weekly Closing Price	Open	High	Low	Volume
18 Wed Dec 2024	42.50	41.70	43.05	40.50	1.239 times
13 Fri Dec 2024	41.25	43.15	43.45	40.35	0.415 times
06 Fri Dec 2024	42.80	38.60	45.00	37.10	13.679 times
29 Fri Nov 2024	38.00	37.60	38.60	37.00	0.583 times
22 Fri Nov 2024	37.00	37.00	38.45	36.50	0.364 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
18 Wed Dec 2024	42.50	38.60	45.00	37.10	1.794 times
29 Fri Nov 2024	38.00	38.35	39.90	36.50	0.416 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

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 definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

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 positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Mangalam Alloys ( (MAL_SM) ) based on a mid to longer term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

ADX buy sell signal for Mangalam Alloys stock for short term is BUY. Signal strength is Strong and stock is losing momentum.

MACD generated a BUY signal for Mangalam Alloys in short term and the buy 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 getting stronger in this stock.

Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be coming down

CCI has generated a SELL signal for Mangalam Alloys in short term but SELL 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

Although the stock is in the SELL zone, but selling might be slowing down

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

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 42.14 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 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.