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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 2024-04-23 View latest technical analysis

10 day averaged volume of Mangalam Alloys is 13600

Date	Daily Closing Price	Open	High	Low	Volume
23 Tue Apr 2024	44.30	41.50	45.00	41.50	4 times
22 Mon Apr 2024	41.00	39.90	41.35	39.90	1.294 times
19 Fri Apr 2024	39.05	38.85	39.95	38.65	0.706 times
18 Thu Apr 2024	39.50	39.50	40.15	39.50	0.824 times
16 Tue Apr 2024	38.35	38.20	38.35	38.20	0.471 times
15 Mon Apr 2024	39.00	40.00	40.00	38.00	1.412 times
12 Fri Apr 2024	40.50	40.50	40.55	40.50	1.882 times
10 Wed Apr 2024	41.05	41.30	41.80	40.85	1.176 times
09 Tue Apr 2024	41.25	42.00	42.50	41.25	0.588 times
08 Mon Apr 2024	41.30	42.15	42.15	40.75	0.588 times

Stock of Mangalam Alloys (MAL_SM) has showed a significant upmove. This could be a good time to enter in this stock!

Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 45.2, for a target of 42.4 or 39.98

Share price targets for Mangalam Alloys (MAL_SM)

Target Type	Value
Downside Target	32.55
Downside Target	38.00
Downside Target	39.90
Downside Target	42.50
Upside Target	45.00
Upside Target	46.70
Upside Target	49.00
Upside Target	50.20
Upside Target	51.70
Upside Target	52.30
Upside Target	55.85
Upside Target	59.85

Intraday share price targets for Mangalam Alloys (MAL_SM)

Target Type	Value
Downside Intraday Target	41.13
Downside Intraday Target	37.97
Upside Intraday Target	46.23
Upside Intraday Target	48.17
Downside Intraday Target	43.07

Weekly technical analysis of Mangalam Alloys (MAL_SM)

Date	Weekly Closing Price	Open	High	Low	Volume
23 Tue Apr 2024	44.30	39.90	45.00	39.90	1.552 times
19 Fri Apr 2024	39.05	40.00	40.15	38.00	0.806 times
12 Fri Apr 2024	40.50	42.15	42.50	40.50	0.336 times
05 Fri Apr 2024	42.15	32.55	42.90	32.55	0.354 times
28 Thu Mar 2024	33.85	40.15	40.15	33.10	1.987 times

Price has moved up this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Mangalam Alloys (MAL_SM)

Date	Monthly Closing Price	Open	High	Low	Volume
23 Tue Apr 2024	44.30	32.55	45.00	32.55	0.354 times
28 Thu Mar 2024	33.85	51.00	51.70	33.10	1.977 times
29 Thu Feb 2024	49.65	50.95	52.30	46.70	0.836 times
31 Wed Jan 2024	51.35	51.10	55.85	50.20	0.801 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 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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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 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 Strong and stock is gaining momentum.

MACD generated a BUY signal for Mangalam Alloys in short term but the buy signal is initial and weak.

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. Bulls are getting stronger in this stock.

Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be moving up

CCI has generated a buy signal for Mangalam Alloys in short term and BUY signal is strong.

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 41.46 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 rising upwards.

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 negative.

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