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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 2024-08-28 View latest technical analysis

10 day averaged volume of Mangalam Drugs is 252553

Date	Daily Closing Price	Open	High	Low	Volume
28 Wed Aug 2024	131.95	136.00	137.90	131.11	0.44 times
27 Tue Aug 2024	137.36	141.74	141.80	135.00	0.663 times
26 Mon Aug 2024	139.85	136.00	144.99	133.00	3.311 times
23 Fri Aug 2024	132.83	128.40	134.48	125.04	1.855 times
22 Thu Aug 2024	126.50	126.25	129.35	125.06	0.537 times
21 Wed Aug 2024	125.01	122.55	126.20	119.47	0.623 times
20 Tue Aug 2024	121.32	115.70	124.90	115.66	1.283 times
19 Mon Aug 2024	113.97	112.15	116.85	112.15	0.232 times
16 Fri Aug 2024	111.12	112.00	113.76	110.40	0.234 times
14 Wed Aug 2024	112.73	120.00	122.01	112.00	0.6 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 129.6, but if it comes below 129.6, then a intra day sell could be more profitable.
If you take a sell trade below 129.6, then use 129.6 as stoploss and 120.39 as target. However if you take a buy trade in stock , then use 129.6 as stoploss and 140.6 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
Downside Target	127.00
Downside Target	127.87
Downside Target	131.11
Upside Target	134.48
Upside Target	144.99

Intraday share price targets for Mangalam Drugs (MANGALAM)

Target Type	Value
Downside Intraday Target	127.04
Downside Intraday Target	122.14
Upside Intraday Target	140.92
Upside Intraday Target	149.9
Upside Intraday Target	136.02

Weekly technical analysis of Mangalam Drugs (MANGALAM)

Date	Weekly Closing Price	Open	High	Low	Volume
28 Wed Aug 2024	131.95	136.00	144.99	131.11	0.974 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 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
28 Wed Aug 2024	131.95	115.60	144.99	106.65	2.511 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 but buying is losing momentum.

MRSI is in positive zone. This is a BUY 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 130.92 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.