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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 18720

Date Daily Closing Price Open High Low Volume
31 Fri May 2024 39.15 40.55 41.00 37.00 3.846 times
30 Thu May 2024 40.45 41.45 41.50 40.40 0.855 times
29 Wed May 2024 41.35 41.35 41.35 41.35 0.085 times
28 Tue May 2024 40.35 41.50 41.50 40.20 0.427 times
27 Mon May 2024 41.40 42.15 42.20 41.20 1.197 times

Stock of Mangalam Alloys (MAL_SM) has showed a significant fall. This could be a good time to exit from this stock.

Although my analysis for stock is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 39.4, for a target of 40.4 or 41.3

Share price targets for Mangalam Alloys (MAL_SM)

Target Type Value
Downside Target 32.55
Downside Target 37.00
Upside Target 39.55
Upside 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 36.7
Downside Intraday Target 34.25
Upside Intraday Target 41.9
Upside Intraday Target 44.65
Upside Intraday Target 39.45

Weekly technical analysis of Mangalam Alloys (MAL_SM)

Date Weekly Closing Price Open High Low Volume
31 Fri May 2024 39.15 42.15 42.20 37.00 1.974 times
24 Fri May 2024 40.50 41.10 42.25 39.55 1.462 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

Price has moved down 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
31 Fri May 2024 39.15 44.65 46.00 37.00 0.697 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 17, 42, 43 Sell
MACD -1, -1Sell
Stochastics 44None
CCI -197Sell
RSI 58Buy
OBV -193600Sell
VWAP 40Sell
ADL 0Sell
ROC -6Sell
Force Index 0Sell

Price action analysis of Mangalam Alloys ( (MAL_SM) ) based on a short term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

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 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 Strong and stock is gaining momentum.

MACD generated a SELL signal for Mangalam Alloys in short term and the sell signal is strong.

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 weakening, and bulls are picking up momentum!

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 40.15 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.

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