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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 2024-08-05 View latest technical analysis

10 day averaged volume of Mangalam Drugs is 115844

Date	Daily Closing Price	Open	High	Low	Volume
05 Mon Aug 2024	110.47	113.94	113.94	106.65	1.149 times
02 Fri Aug 2024	113.95	109.88	120.00	109.88	1.304 times
01 Thu Aug 2024	109.86	115.60	117.43	107.30	2.064 times
31 Wed Jul 2024	114.12	112.00	120.00	111.82	3.451 times
30 Tue Jul 2024	111.24	112.57	112.80	110.05	0.339 times
29 Mon Jul 2024	112.24	111.40	114.00	109.10	0.979 times
26 Fri Jul 2024	109.92	110.85	110.96	108.51	0.383 times
25 Thu Jul 2024	108.44	107.74	110.00	106.20	0.409 times
24 Wed Jul 2024	107.88	105.79	109.49	105.73	0.277 times
23 Tue Jul 2024	105.28	103.93	107.28	103.00	0.34 times

My analysis of stock is bullish for shortterm, and stock might move up till 112.2 or till 115.9. Use a stoploss of 109.23 and if this stock hits its stoploss, then it can fall down till 106.21

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
Upside Target	110.96
Upside Target	113.94
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	106.77
Downside Intraday Target	103.06
Upside Intraday Target	114.06
Upside Intraday Target	117.64
Downside Intraday Target	110.35

Weekly technical analysis of Mangalam Drugs (MANGALAM)

Date	Weekly Closing Price	Open	High	Low	Volume
05 Mon Aug 2024	110.47	113.94	113.94	106.65	0.141 times
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

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
05 Mon Aug 2024	110.47	115.60	120.00	106.65	0.333 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 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 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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this 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 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. 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 but buying is losing 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 111.81 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.