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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)

10 day averaged volume of Mangalam Alloys is 20640

Date	Daily Closing Price	Open	High	Low	Volume
08 Wed May 2024	41.75	41.75	41.75	41.75	0.078 times
07 Tue May 2024	41.65	43.60	46.00	41.65	1.938 times
06 Mon May 2024	42.35	44.00	44.00	42.35	0.698 times
03 Fri May 2024	42.45	42.30	42.70	42.20	0.233 times
02 Thu May 2024	43.00	44.65	44.65	43.00	0.31 times
30 Tue Apr 2024	43.25	43.50	44.55	43.25	0.543 times
29 Mon Apr 2024	42.50	45.25	45.25	42.50	0.853 times
26 Fri Apr 2024	45.50	45.90	46.00	45.35	0.543 times
25 Thu Apr 2024	46.00	46.00	46.00	46.00	0.078 times
24 Wed Apr 2024	46.15	45.00	46.30	44.60	2.171 times

My analysis of stock is bearish for shortterm, and stock might move down till 39.8 or till 37.2. Use a stoploss of 42 and if the stock hits stoploss, then it can shoot up till 44.2

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	41.65
Upside Target	45.25
Upside Target	46.30
Upside Target	46.70
Upside Target	50.20
Upside Target	51.70
Upside Target	52.30
Upside Target	55.85

Intraday share price targets for Mangalam Alloys (MAL_SM)

Target Type	Value
Downside Intraday Target	40.27
Downside Intraday Target	38.78
Upside Intraday Target	44.62
Upside Intraday Target	47.48
Upside Intraday Target	43.13

Weekly technical analysis of Mangalam Alloys (MAL_SM)

Date	Weekly Closing Price	Open	High	Low	Volume
08 Wed May 2024	41.75	44.00	46.00	41.65	1.4 times
03 Fri May 2024	42.45	45.25	45.25	42.20	0.309 times
26 Fri Apr 2024	45.50	39.90	46.30	39.90	2.793 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

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
08 Wed May 2024	41.75	44.65	46.00	41.65	0.155 times
30 Tue Apr 2024	43.25	32.55	46.30	32.55	0.442 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

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 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 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 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 getting stronger in this stock.

Ichimoku cloud is of green color and prices are in or below the green 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

Although the stock is in the BUY zone, but buying 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 43.65 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.