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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 2024-07-11 View latest technical analysis

10 day averaged volume of Mangalam Drugs is 63787

Date	Daily Closing Price	Open	High	Low	Volume
11 Thu Jul 2024	109.88	110.88	112.00	108.61	0.657 times
10 Wed Jul 2024	110.39	113.10	114.00	108.80	0.615 times
09 Tue Jul 2024	112.50	111.35	115.00	111.35	0.586 times
08 Mon Jul 2024	112.89	117.00	117.00	111.00	0.806 times
05 Fri Jul 2024	113.32	109.00	114.20	106.70	2.809 times
04 Thu Jul 2024	108.57	106.01	110.10	105.59	1.106 times
03 Wed Jul 2024	105.82	104.50	107.33	104.03	0.848 times
02 Tue Jul 2024	103.94	104.85	105.79	102.22	0.493 times
01 Mon Jul 2024	104.33	103.90	105.79	103.00	0.7 times
28 Fri Jun 2024	103.55	103.30	108.00	102.21	1.036 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 111.4 as stoploss in an intra day sell trade for a target of 108.11. However, stock will show a bullish move above 111.4.

Share price targets for Mangalam Drugs (MANGALAM)

Target Type	Value
Downside Target	90.80
Downside Target	92.85
Downside Target	95.00
Downside Target	101.20
Downside Target	105.00
Downside Target	107.40
Upside Target	114.20
Upside Target	117.00
Upside Target	118.30
Upside Target	119.00
Upside Target	124.70
Upside Target	127.00

Intraday share price targets for Mangalam Drugs (MANGALAM)

Target Type	Value
Downside Intraday Target	106.66
Downside Intraday Target	103.44
Upside Intraday Target	115.05
Upside Intraday Target	120.22
Upside Intraday Target	111.83

Weekly technical analysis of Mangalam Drugs (MANGALAM)

Date	Weekly Closing Price	Open	High	Low	Volume
11 Thu Jul 2024	109.88	117.00	117.00	108.61	0.447 times
05 Fri Jul 2024	113.32	103.90	114.20	102.22	1.665 times
28 Fri Jun 2024	103.55	106.21	108.95	101.20	0.852 times
21 Fri Jun 2024	106.21	118.30	118.30	105.01	0.821 times
14 Fri Jun 2024	112.19	106.70	119.00	105.00	1.24 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
11 Thu Jul 2024	109.88	103.90	117.00	102.22	0.507 times
28 Fri Jun 2024	103.55	104.00	119.00	95.00	0.549 times
31 Fri May 2024	101.30	101.85	127.00	95.00	2.61 times
30 Tue Apr 2024	101.85	93.70	107.40	92.85	0.636 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 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 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 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 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 Strong and stock is losing momentum.

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

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. Bulls are getting tired and bears are picking up momentum.

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 but SELL signal is weak.

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 109.43 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 positive

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