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

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

Mangalam Drugs trades in NSE in Pharmaceuticals sector.

Showing technical analysis as on 2024-04-05 View latest technical analysis

10 day averaged volume of Mangalam Drugs is 58498

Date	Daily Closing Price	Open	High	Low	Volume
05 Fri Apr 2024	104.30	102.00	105.00	101.30	1.202 times
04 Thu Apr 2024	101.90	103.40	103.75	100.55	0.766 times
03 Wed Apr 2024	100.55	99.50	101.95	99.00	0.662 times
02 Tue Apr 2024	98.95	98.25	100.10	97.25	1.138 times
01 Mon Apr 2024	97.65	93.70	98.50	92.85	0.968 times
28 Thu Mar 2024	92.10	93.05	96.50	90.80	1.306 times
27 Wed Mar 2024	93.50	97.25	98.55	92.45	2.144 times
26 Tue Mar 2024	97.05	101.75	101.75	96.55	1.016 times
22 Fri Mar 2024	100.30	100.80	101.30	99.00	0.59 times
21 Thu Mar 2024	98.00	97.00	100.75	97.00	0.78 times

My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 106.1 as stoploss in an intra day sell trade for a target of 100.61. However, stock will show a bullish move above 106.1.

Share price targets for Mangalam Drugs (MANGALAM)

Target Type	Value
Downside Target	90.80
Downside Target	101.75
Downside Target	104.00
Upside Target	105.00
Upside Target	111.20
Upside Target	114.00
Upside Target	114.50
Upside Target	123.45
Upside Target	124.70
Upside Target	132.45

Intraday share price targets for Mangalam Drugs (MANGALAM)

Target Type	Value
Downside Intraday Target	96.43
Downside Intraday Target	88.57
Upside Intraday Target	108.58
Upside Intraday Target	112.87
Downside Intraday Target	100.72

Weekly technical analysis of Mangalam Drugs (MANGALAM)

Date	Weekly Closing Price	Open	High	Low	Volume
05 Fri Apr 2024	104.30	93.70	105.00	92.85	1.061 times
28 Thu Mar 2024	92.10	101.75	101.75	90.80	1.322 times
22 Fri Mar 2024	100.30	104.00	104.00	96.00	0.567 times
15 Fri Mar 2024	100.85	114.50	114.50	91.70	1.092 times
07 Thu Mar 2024	113.70	122.10	123.45	111.20	0.645 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 Drugs (MANGALAM)

Date	Monthly Closing Price	Open	High	Low	Volume
05 Fri Apr 2024	104.30	93.70	105.00	92.85	0.233 times
28 Thu Mar 2024	92.10	121.50	124.70	90.80	0.203 times
29 Thu Feb 2024	122.05	109.15	132.45	104.00	2.655 times
31 Wed Jan 2024	108.35	99.50	114.00	97.00	2.379 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 Drugs (MANGALAM)

Price action analysis of Mangalam Drugs ( (MANGALAM) ) based on a short 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 Drugs ( (MANGALAM) ) based on a short to mid term time period is neutral. A longer time frame might give a better analysis.

Price action analysis of Mangalam Drugs ( (MANGALAM) ) based on a mid to longer term time period is neutral. A longer time frame might give a better analysis.

ADX buy sell signal for Mangalam Drugs stock for short term is SELL. Signal strength is Weak and stock is losing momentum.

MACD generated a BUY signal for Mangalam Drugs 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 Drugs Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! 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 Drugs in short term and BUY signal is strong.

RSI is generating a SELL signal in short term and selling is picking up 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 Drugs is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 97.62 and Mangalam Drugs (MANGALAM) 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 Drugs (MANGALAM) stock. Volume based technical analysis of Mangalam Drugs (MANGALAM) stock is negative.

Mangalam Drugs 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.