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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 2024-07-22 View latest technical analysis

10 day averaged volume of Mangalam Drugs is 60386

Date	Daily Closing Price	Open	High	Low	Volume
22 Mon Jul 2024	103.93	106.10	107.29	103.00	0.873 times
19 Fri Jul 2024	105.53	104.27	109.90	103.96	1.485 times
18 Thu Jul 2024	105.03	108.70	108.70	104.15	0.963 times
16 Tue Jul 2024	106.14	110.00	110.25	104.70	0.6 times
15 Mon Jul 2024	108.36	108.80	109.99	106.53	0.494 times
12 Fri Jul 2024	106.59	109.67	110.90	106.01	0.677 times
11 Thu Jul 2024	109.88	110.88	112.00	108.61	0.694 times
10 Wed Jul 2024	110.39	113.10	114.00	108.80	0.649 times
09 Tue Jul 2024	112.50	111.35	115.00	111.35	0.619 times
08 Mon Jul 2024	112.89	117.00	117.00	111.00	0.851 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 104.1, but if it comes above 104.1, then a intra day buy could be more profitable.
If you take a sell trade below 104.1, then use 104.1 as stoploss and 100.3 as target. However if you take a buy trade in stock , then use 104.1 as stoploss and 107.17 as target.

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
Upside Target	108.95
Upside Target	110.25
Upside Target	114.20
Upside Target	117.00
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	102.19
Downside Intraday Target	100.45
Upside Intraday Target	106.48
Upside Intraday Target	109.03
Upside Intraday Target	104.74

Weekly technical analysis of Mangalam Drugs (MANGALAM)

Date	Weekly Closing Price	Open	High	Low	Volume
22 Mon Jul 2024	103.93	106.10	107.29	103.00	0.246 times
19 Fri Jul 2024	105.53	108.80	110.25	103.96	1.015 times
12 Fri Jul 2024	106.59	117.00	117.00	106.01	0.555 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

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
22 Mon Jul 2024	103.93	103.90	117.00	102.22	0.79 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 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 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 SELL. Signal strength is Weak and stock is gaining 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 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 BUY signal in short term and the buying is gaining momentum.

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying 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 107.73 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 positive

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