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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 10880

Date Daily Closing Price Open High Low Volume
21 Tue May 2024 41.25 41.10 42.25 41.10 1.176 times
17 Fri May 2024 42.50 41.10 42.50 41.10 0.588 times
16 Thu May 2024 41.50 41.85 41.85 41.50 0.441 times
15 Wed May 2024 41.65 41.15 41.85 41.15 0.588 times
14 Tue May 2024 41.15 42.45 42.45 41.10 0.735 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 41.2 as stoploss in an intra day buy trade for a target of 42.7. However, stock will show a bearish move below 41.2.

Share price targets for Mangalam Alloys (MAL_SM)

Target Type Value
Downside Target 32.55
Downside Target 39.90
Downside Target 41.00
Upside Target 45.25
Upside Target 46.00
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 40.82
Downside Intraday Target 40.38
Upside Intraday Target 41.97
Upside Intraday Target 42.68
Upside Intraday Target 41.53

Weekly technical analysis of Mangalam Alloys (MAL_SM)

Date Weekly Closing Price Open High Low Volume
21 Tue May 2024 41.25 41.10 42.25 41.10 0.308 times
17 Fri May 2024 42.50 42.00 42.75 41.00 0.605 times
10 Fri May 2024 42.00 44.00 46.00 41.65 1.72 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

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
21 Tue May 2024 41.25 44.65 46.00 41.00 0.31 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

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)

Indicator Name Indicator Value Indicator Signal
ADX 29, 18, 24 Buy
MACD -1, -1Sell
Stochastics 15Sell
CCI -71Sell
RSI 63Buy
OBV -1600Sell
VWAP 42Sell
ADL 0Sell
ROC -3Sell
Force Index 0Sell

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 BUY. Signal strength is Strong 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 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 BUY signal in short term but buying is losing 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 41.67 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.

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