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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 2024-08-22 View latest technical analysis

10 day averaged volume of Mangalam Drugs is 157191

Date	Daily Closing Price	Open	High	Low	Volume
22 Thu Aug 2024	126.50	126.25	129.35	125.06	0.863 times
21 Wed Aug 2024	125.01	122.55	126.20	119.47	1.001 times
20 Tue Aug 2024	121.32	115.70	124.90	115.66	2.062 times
19 Mon Aug 2024	113.97	112.15	116.85	112.15	0.373 times
16 Fri Aug 2024	111.12	112.00	113.76	110.40	0.376 times
14 Wed Aug 2024	112.73	120.00	122.01	112.00	0.964 times
13 Tue Aug 2024	123.49	126.85	127.87	117.00	1.063 times
12 Mon Aug 2024	125.50	118.80	127.00	115.43	2.396 times
09 Fri Aug 2024	118.22	113.98	119.00	113.76	1.014 times
08 Thu Aug 2024	113.38	114.30	115.80	111.51	0.403 times

Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 127.8, for a target of 121 or 115.38

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	127.00
Upside Target	127.87
Upside Target	129.35

Intraday share price targets for Mangalam Drugs (MANGALAM)

Target Type	Value
Downside Intraday Target	115.98
Downside Intraday Target	105.47
Upside Intraday Target	133.18
Upside Intraday Target	139.87
Downside Intraday Target	122.67

Weekly technical analysis of Mangalam Drugs (MANGALAM)

Date	Weekly Closing Price	Open	High	Low	Volume
22 Thu Aug 2024	126.50	112.15	129.35	112.15	0.896 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
22 Thu Aug 2024	126.50	115.60	129.35	106.65	1.505 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, and volume has increased substantially. This means that the move can 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 term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, 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 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 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 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 121.25 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.