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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 2024-08-02 View latest technical analysis

10 day averaged volume of Mangalam Drugs is 109702

Date	Daily Closing Price	Open	High	Low	Volume
02 Fri Aug 2024	113.95	109.88	120.00	109.88	1.377 times
01 Thu Aug 2024	109.86	115.60	117.43	107.30	2.18 times
31 Wed Jul 2024	114.12	112.00	120.00	111.82	3.644 times
30 Tue Jul 2024	111.24	112.57	112.80	110.05	0.358 times
29 Mon Jul 2024	112.24	111.40	114.00	109.10	1.034 times
26 Fri Jul 2024	109.92	110.85	110.96	108.51	0.405 times
25 Thu Jul 2024	108.44	107.74	110.00	106.20	0.432 times
24 Wed Jul 2024	107.88	105.79	109.49	105.73	0.293 times
23 Tue Jul 2024	105.28	103.93	107.28	103.00	0.359 times
22 Mon Jul 2024	103.93	106.10	107.29	103.00	0.48 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 112.5, but if it comes below 112.5, then a intra day sell could be more profitable.
If you take a sell trade below 112.5, then use 112.5 as stoploss and 109.37 as target. However if you take a buy trade in stock , then use 112.5 as stoploss and 116.3 as target.

Share price targets for Mangalam Drugs (MANGALAM)

Target Type	Value
Downside Target	92.85
Downside Target	95.00
Downside Target	102.22
Downside Target	110.25
Downside Target	110.96
Upside Target	114.20
Upside Target	117.00
Upside Target	119.00
Upside Target	120.00
Upside Target	127.00

Intraday share price targets for Mangalam Drugs (MANGALAM)

Target Type	Value
Downside Intraday Target	107.5
Downside Intraday Target	101.05
Upside Intraday Target	120.2
Upside Intraday Target	126.45
Downside Intraday Target	113.75

Weekly technical analysis of Mangalam Drugs (MANGALAM)

Date	Weekly Closing Price	Open	High	Low	Volume
02 Fri Aug 2024	113.95	111.40	120.00	107.30	4.366 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, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Mangalam Drugs (MANGALAM)

Date	Monthly Closing Price	Open	High	Low	Volume
02 Fri Aug 2024	113.95	115.60	120.00	107.30	0.248 times
31 Wed Jul 2024	114.12	103.90	120.00	102.22	1.449 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

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 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 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 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 green color and prices are above the green cloud Prices appear to be moving up

CCI has generated a buy signal for Mangalam Drugs in short term and BUY 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

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 111.61 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.