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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.

10 day averaged volume of Mangalam Drugs is 34621

Date	Daily Closing Price	Open	High	Low	Volume
08 Wed Jan 2025	113.46	114.75	114.80	111.16	0.45 times
07 Tue Jan 2025	114.48	111.15	116.93	111.15	0.576 times
06 Mon Jan 2025	112.74	115.60	118.86	111.40	0.626 times
03 Fri Jan 2025	118.93	121.80	121.80	117.30	0.626 times
02 Thu Jan 2025	120.77	122.20	123.00	118.60	0.984 times
01 Wed Jan 2025	119.70	115.48	124.89	115.48	3.655 times
31 Tue Dec 2024	115.48	119.50	119.50	114.10	0.588 times
30 Mon Dec 2024	117.84	114.10	119.98	114.09	1.516 times
27 Fri Dec 2024	113.73	114.89	114.89	112.68	0.242 times
26 Thu Dec 2024	113.63	113.80	113.85	112.01	0.299 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 113.7, but if it comes above 113.7, then a intra day buy could be more profitable.
If you take a sell trade below 113.7, then use 113.7 as stoploss and 110.6 as target. However if you take a buy trade in stock , then use 113.7 as stoploss and 116.25 as target.

Share price targets for Mangalam Drugs (MANGALAM)

Target Type	Value
Downside Target	103.00
Downside Target	111.00
Upside Target	113.65
Upside Target	117.85
Upside Target	124.78
Upside Target	124.89
Upside Target	126.52
Upside Target	128.01
Upside Target	130.85
Upside Target	140.50

Intraday share price targets for Mangalam Drugs (MANGALAM)

Target Type	Value
Downside Intraday Target	110.12
Downside Intraday Target	106.78
Upside Intraday Target	117.83
Upside Intraday Target	122.2
Upside Intraday Target	114.49

Weekly technical analysis of Mangalam Drugs (MANGALAM)

Date	Weekly Closing Price	Open	High	Low	Volume
08 Wed Jan 2025	113.46	115.60	118.86	111.15	0.224 times
03 Fri Jan 2025	118.93	114.10	124.89	114.09	3.731 times
27 Fri Dec 2024	113.73	116.90	117.85	111.00	0.281 times
20 Fri Dec 2024	114.76	116.10	124.89	113.65	1.592 times
13 Fri Dec 2024	117.41	122.35	124.78	113.80	0.448 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
08 Wed Jan 2025	113.46	115.48	124.89	111.15	0.272 times
31 Tue Dec 2024	115.48	123.75	126.52	111.00	0.713 times
29 Fri Nov 2024	122.13	112.75	128.01	103.55	2.281 times
31 Thu Oct 2024	111.67	127.94	130.85	103.00	0.296 times

Scroll below to view daily charts

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 Drugs (MANGALAM)

Price action analysis of Mangalam Drugs ( (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 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 positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

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

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

Mangalam Drugs 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 green color and prices are in or below the green 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 BUY signal in short term and the buying is gaining momentum.

MRSI is in negative zone. This is the SELL zone

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

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 117.8 and Mangalam Drugs (MANGALAM) stock is trading below this level. This means that stock is falling with high volumes. 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 positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.