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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 2024-08-19 View latest technical analysis

10 day averaged volume of Mangalam Drugs is 145177

Date	Daily Closing Price	Open	High	Low	Volume
19 Mon Aug 2024	113.97	112.15	116.85	112.15	0.403 times
16 Fri Aug 2024	111.12	112.00	113.76	110.40	0.407 times
14 Wed Aug 2024	112.73	120.00	122.01	112.00	1.043 times
13 Tue Aug 2024	123.49	126.85	127.87	117.00	1.151 times
12 Mon Aug 2024	125.50	118.80	127.00	115.43	2.594 times
09 Fri Aug 2024	118.22	113.98	119.00	113.76	1.098 times
08 Thu Aug 2024	113.38	114.30	115.80	111.51	0.437 times
07 Wed Aug 2024	113.70	113.85	114.50	110.53	0.377 times
06 Tue Aug 2024	112.40	112.15	114.90	109.06	0.935 times
05 Mon Aug 2024	110.47	113.94	113.94	106.65	0.917 times

My analysis of stock is bullish for shortterm, and stock might move up till 117.7 or till 123.8. Use a stoploss of 112.59 and if this stock hits its stoploss, then it can fall down till 107.51

Share price targets for Mangalam Drugs (MANGALAM)

Target Type	Value
Downside Target	92.85
Downside Target	95.00
Downside Target	102.22
Downside Target	106.65
Downside Target	110.40
Upside Target	116.85
Upside Target	119.00
Upside Target	120.00
Upside Target	127.00
Upside Target	127.87

Intraday share price targets for Mangalam Drugs (MANGALAM)

Target Type	Value
Downside Intraday Target	111.8
Downside Intraday Target	109.62
Upside Intraday Target	116.5
Upside Intraday Target	119.02
Upside Intraday Target	114.32

Weekly technical analysis of Mangalam Drugs (MANGALAM)

Date	Weekly Closing Price	Open	High	Low	Volume
19 Mon Aug 2024	113.97	112.15	116.85	112.15	0.078 times
16 Fri Aug 2024	111.12	118.80	127.87	110.40	1.381 times
09 Fri Aug 2024	118.22	113.94	119.00	106.65	0.58 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

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
19 Mon Aug 2024	113.97	115.60	127.87	106.65	1.112 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 sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

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 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 green color and prices are in or below the green cloud Prices appear to be moving up

CCI has generated a buy signal for Mangalam Drugs in short term but BUY 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 118.03 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.