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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 2024-07-30 View latest technical analysis

10 day averaged volume of Mangalam Drugs is 54313

Date	Daily Closing Price	Open	High	Low	Volume
30 Tue Jul 2024	111.24	112.57	112.80	110.05	0.722 times
29 Mon Jul 2024	112.24	111.40	114.00	109.10	2.088 times
26 Fri Jul 2024	109.92	110.85	110.96	108.51	0.817 times
25 Thu Jul 2024	108.44	107.74	110.00	106.20	0.872 times
24 Wed Jul 2024	107.88	105.79	109.49	105.73	0.591 times
23 Tue Jul 2024	105.28	103.93	107.28	103.00	0.724 times
22 Mon Jul 2024	103.93	106.10	107.29	103.00	0.97 times
19 Fri Jul 2024	105.53	104.27	109.90	103.96	1.651 times
18 Thu Jul 2024	105.03	108.70	108.70	104.15	1.071 times
16 Tue Jul 2024	106.14	110.00	110.25	104.70	0.667 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 108.39. 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	102.22
Downside Target	110.96
Upside Target	114.00
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	108.89
Downside Intraday Target	106.55
Upside Intraday Target	113.79
Upside Intraday Target	116.35
Upside Intraday Target	111.45

Weekly technical analysis of Mangalam Drugs (MANGALAM)

Date	Weekly Closing Price	Open	High	Low	Volume
30 Tue Jul 2024	111.24	111.40	114.00	109.10	0.707 times
26 Fri Jul 2024	109.92	106.10	110.96	103.00	1.009 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

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
30 Tue Jul 2024	111.24	103.90	117.00	102.22	1.081 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 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 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 gaining momentum.

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

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 green color and prices are above the green 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 107.87 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.