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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 2024-08-27 View latest technical analysis

10 day averaged volume of Mangalam Drugs is 273468

Date	Daily Closing Price	Open	High	Low	Volume
27 Tue Aug 2024	137.36	141.74	141.80	135.00	0.612 times
26 Mon Aug 2024	139.85	136.00	144.99	133.00	3.057 times
23 Fri Aug 2024	132.83	128.40	134.48	125.04	1.713 times
22 Thu Aug 2024	126.50	126.25	129.35	125.06	0.496 times
21 Wed Aug 2024	125.01	122.55	126.20	119.47	0.575 times
20 Tue Aug 2024	121.32	115.70	124.90	115.66	1.185 times
19 Mon Aug 2024	113.97	112.15	116.85	112.15	0.214 times
16 Fri Aug 2024	111.12	112.00	113.76	110.40	0.216 times
14 Wed Aug 2024	112.73	120.00	122.01	112.00	0.554 times
13 Tue Aug 2024	123.49	126.85	127.87	117.00	0.611 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 139.1, for a target of 128.3 or 119.35

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
Downside Target	127.00
Downside Target	127.87
Downside Target	133.00
Downside Target	134.48
Upside Target	144.99

Intraday share price targets for Mangalam Drugs (MANGALAM)

Target Type	Value
Downside Intraday Target	131.91
Downside Intraday Target	126.46
Upside Intraday Target	143.9
Upside Intraday Target	150.44
Upside Intraday Target	138.45

Weekly technical analysis of Mangalam Drugs (MANGALAM)

Date	Weekly Closing Price	Open	High	Low	Volume
27 Tue Aug 2024	137.36	136.00	144.99	133.00	0.877 times
23 Fri Aug 2024	132.83	112.15	134.48	112.15	1.517 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

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
27 Tue Aug 2024	137.36	115.60	144.99	106.65	2.441 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 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 losing 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 tired and bears are picking up momentum.

Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be coming down

CCI has generated a SELL signal for Mangalam Drugs in short term but SELL signal is weak.

RSI is generating a BUY signal in short term and the buying is gaining momentum.

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying 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 130.38 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.