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(MANGALAM) Mangalam Drug complete technical analysis [charts+indicators] | Buy/Sell Mangalam Drug | (MANGALAM) share price targets

Complete technical analysis of Mangalam Drug (MANGALAM) by charts plus indicators, forecast predictions and share price targets for Mangalam Drug (MANGALAM)

10 day averaged volume of Mangalam Drug is 14066

Date Daily Closing Price Open High Low Volume
19 Tue Nov 2024 106.37 107.04 108.25 106.06 0.491 times
18 Mon Nov 2024 106.53 106.80 107.85 105.51 1.041 times
14 Thu Nov 2024 105.51 106.45 106.85 103.55 0.465 times
13 Wed Nov 2024 105.03 107.04 107.04 103.90 0.778 times
12 Tue Nov 2024 106.61 111.60 111.60 105.96 1.031 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 106.8, but if it comes above 106.8, then a intra day buy could be more profitable.
If you take a sell trade below 106.8, then use 106.8 as stoploss and 103.9 as target. However if you take a buy trade in stock , then use 106.8 as stoploss and 109.13 as target.

Share price targets for Mangalam Drug (MANGALAM)

Target Type Value
Downside Target 102.22
Upside Target 112.79
Upside Target 112.85
Upside Target 112.99
Upside Target 114.30
Upside Target 120.00
Upside Target 121.16
Upside Target 130.85
Upside Target 140.50
Upside Target 144.99

Intraday share price targets for Mangalam Drug (MANGALAM)

Target Type Value
Downside Intraday Target 105.17
Downside Intraday Target 103.97
Upside Intraday Target 107.91
Upside Intraday Target 109.45
Upside Intraday Target 106.71

Weekly technical analysis of Mangalam Drug (MANGALAM)

Date Weekly Closing Price Open High Low Volume
19 Tue Nov 2024 106.37 106.80 108.25 105.51 0.513 times
14 Thu Nov 2024 105.51 112.65 112.85 103.55 0.449 times
08 Fri Nov 2024 110.22 114.30 114.30 108.00 3.857 times
01 Fri Nov 2024 112.06 109.75 112.99 109.75 0.428 times
30 Wed Oct 2024 111.54 105.00 112.79 103.00 0.461 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 Drug (MANGALAM)

Date Monthly Closing Price Open High Low Volume
19 Tue Nov 2024 106.37 112.75 114.30 103.55 0.294 times
31 Thu Oct 2024 111.67 127.94 130.85 103.00 0.302 times
30 Mon Sep 2024 127.69 127.50 140.50 121.16 0.436 times
30 Fri Aug 2024 127.32 115.60 144.99 106.65 2.664 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 Drug (MANGALAM)

Indicator Name Indicator Value Indicator Signal
ADX 10, 24, 41 Sell
MACD -6, -6Sell
Stochastics 24Sell
CCI -53Buy
RSI 48Sell
OBV -72222Sell
VWAP 109Sell
ADL 0Sell
ROC -3Sell
Force Index 0Sell

Price action analysis of Mangalam Drug ( (MANGALAM) ) 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 Drug ( (MANGALAM) ) 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 Drug ( (MANGALAM) ) 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 Drug ( (MANGALAM) ) 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 Drug stock for short term is SELL. Signal strength is Strong and stock is losing momentum.

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

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Mangalam Drug Stock is trading near its recent LOWS in short term which reflects strong selling momentum. 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 buy signal for Mangalam Drug in short term but BUY signal is weak.

RSI is generating a SELL signal in short term but selling is losing momentum.

MRSI is in negative zone. This is the SELL zone

Stock of Mangalam Drug is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 108.94 and Mangalam Drug (MANGALAM) 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 Drug (MANGALAM) stock. Volume based technical analysis of Mangalam Drug (MANGALAM) stock is negative.

Mangalam Drug 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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