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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 2024-08-20 View latest technical analysis

10 day averaged volume of Mangalam Drugs is 135927

Date	Daily Closing Price	Open	High	Low	Volume
20 Tue Aug 2024	121.32	115.70	124.90	115.66	2.385 times
19 Mon Aug 2024	113.97	112.15	116.85	112.15	0.431 times
16 Fri Aug 2024	111.12	112.00	113.76	110.40	0.435 times
14 Wed Aug 2024	112.73	120.00	122.01	112.00	1.114 times
13 Tue Aug 2024	123.49	126.85	127.87	117.00	1.229 times
12 Mon Aug 2024	125.50	118.80	127.00	115.43	2.771 times
09 Fri Aug 2024	118.22	113.98	119.00	113.76	1.173 times
08 Thu Aug 2024	113.38	114.30	115.80	111.51	0.466 times
07 Wed Aug 2024	113.70	113.85	114.50	110.53	0.403 times
06 Tue Aug 2024	112.40	112.15	114.90	109.06	0.999 times

Stock of Mangalam Drugs (MANGALAM) has showed a significant upmove. This could be a good time to enter in this stock!

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 118.5, but if it comes below 118.5, then a intra day sell could be more profitable.
If you take a sell trade below 118.5, then use 118.5 as stoploss and 113.46 as target. However if you take a buy trade in stock , then use 118.5 as stoploss and 124.5 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	106.65
Downside Target	110.40
Downside Target	119.00
Downside Target	120.00
Upside Target	124.90
Upside Target	127.00
Upside Target	127.87

Intraday share price targets for Mangalam Drugs (MANGALAM)

Target Type	Value
Downside Intraday Target	114.01
Downside Intraday Target	106.71
Upside Intraday Target	126.76
Upside Intraday Target	132.21
Downside Intraday Target	119.46

Weekly technical analysis of Mangalam Drugs (MANGALAM)

Date	Weekly Closing Price	Open	High	Low	Volume
20 Tue Aug 2024	121.32	112.15	124.90	112.15	0.507 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
20 Tue Aug 2024	121.32	115.60	127.87	106.65	1.318 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 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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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 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. Bears are weakening, and bulls 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 119.37 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.