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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 2024-04-29 View latest technical analysis

10 day averaged volume of Mangalam Drugs is 27654

Date	Daily Closing Price	Open	High	Low	Volume
29 Mon Apr 2024	99.75	101.90	101.90	99.15	0.789 times
26 Fri Apr 2024	100.70	100.15	101.90	100.00	0.731 times
25 Thu Apr 2024	100.75	101.75	102.90	100.50	0.882 times
24 Wed Apr 2024	101.75	102.20	103.40	101.40	0.842 times
23 Tue Apr 2024	101.65	100.65	103.50	100.65	1.439 times
22 Mon Apr 2024	100.10	100.05	102.00	99.60	1.177 times
19 Fri Apr 2024	99.95	99.70	100.60	98.45	0.667 times
18 Thu Apr 2024	99.15	101.00	102.35	98.55	1.135 times
16 Tue Apr 2024	99.95	102.00	102.00	98.65	0.459 times
15 Mon Apr 2024	98.60	102.00	102.00	97.00	1.347 times

My analysis of stock is bearish for shortterm, and stock might move down till 97.9 or till 94.8. Use a stoploss of 100.45 and if the stock hits stoploss, then it can shoot up till 103.03

Share price targets for Mangalam Drugs (MANGALAM)

Target Type	Value
Downside Target	90.80
Downside Target	92.85
Downside Target	97.00
Downside Target	99.15
Upside Target	103.50
Upside Target	104.00
Upside Target	105.00
Upside Target	107.40
Upside Target	114.00
Upside Target	124.70
Upside Target	132.45

Intraday share price targets for Mangalam Drugs (MANGALAM)

Target Type	Value
Downside Intraday Target	98.63
Downside Intraday Target	97.52
Upside Intraday Target	101.38
Upside Intraday Target	103.02
Upside Intraday Target	100.27

Weekly technical analysis of Mangalam Drugs (MANGALAM)

Date	Weekly Closing Price	Open	High	Low	Volume
29 Mon Apr 2024	99.75	101.90	101.90	99.15	0.156 times
26 Fri Apr 2024	100.70	100.05	103.50	99.60	1.405 times
19 Fri Apr 2024	99.95	102.00	102.35	97.00	0.74 times
12 Fri Apr 2024	102.70	105.00	107.40	101.05	0.487 times
05 Fri Apr 2024	104.30	93.70	105.00	92.85	1.061 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 Drugs (MANGALAM)

Date	Monthly Closing Price	Open	High	Low	Volume
29 Mon Apr 2024	99.75	93.70	107.40	92.85	0.566 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 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 Drugs ( (MANGALAM) ) 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 Drugs ( (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 Drugs ( (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 Drugs stock for short term is SELL. Signal strength is Weak and stock is gaining momentum.

MACD generated a BUY signal for Mangalam Drugs in short term but the buy signal is initial and weak.

Mangalam Drugs 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 getting stronger in this stock.

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be coming down

CCI has generated a SELL signal for Mangalam Drugs in short term and SELL signal is strong!

RSI is generating a SELL signal in short term but selling 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 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 100.21 and Mangalam Drugs (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 Drugs (MANGALAM) stock. Volume based technical analysis of Mangalam Drugs (MANGALAM) stock is negative.

Mangalam Drugs 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.