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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 2024-09-02 View latest technical analysis

10 day averaged volume of Mangalam Drugs is 249857

Date	Daily Closing Price	Open	High	Low	Volume
02 Mon Sep 2024	132.25	127.50	136.00	126.01	0.897 times
30 Fri Aug 2024	127.32	133.20	133.90	125.71	0.461 times
29 Thu Aug 2024	130.64	131.00	139.49	129.10	0.498 times
28 Wed Aug 2024	131.95	136.00	137.90	131.11	0.445 times
27 Tue Aug 2024	137.36	141.74	141.80	135.00	0.67 times
26 Mon Aug 2024	139.85	136.00	144.99	133.00	3.346 times
23 Fri Aug 2024	132.83	128.40	134.48	125.04	1.875 times
22 Thu Aug 2024	126.50	126.25	129.35	125.06	0.543 times
21 Wed Aug 2024	125.01	122.55	126.20	119.47	0.63 times
20 Tue Aug 2024	121.32	115.70	124.90	115.66	1.297 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 132.1, but if it comes below 132.1, then a intra day sell could be more profitable.
If you take a sell trade below 132.1, then use 132.1 as stoploss and 123 as target. However if you take a buy trade in stock , then use 132.1 as stoploss and 143 as target.

Share price targets for Mangalam Drugs (MANGALAM)

Target Type	Value
Downside Target	95.00
Downside Target	102.22
Downside Target	106.65
Downside Target	110.40
Downside Target	119.00
Downside Target	125.71
Downside Target	127.00
Downside Target	127.87
Upside Target	134.48
Upside Target	136.00
Upside Target	144.99

Intraday share price targets for Mangalam Drugs (MANGALAM)

Target Type	Value
Downside Intraday Target	126.84
Downside Intraday Target	121.43
Upside Intraday Target	136.83
Upside Intraday Target	141.41
Downside Intraday Target	131.42

Weekly technical analysis of Mangalam Drugs (MANGALAM)

Date	Weekly Closing Price	Open	High	Low	Volume
02 Mon Sep 2024	132.25	127.50	136.00	126.01	0.166 times
30 Fri Aug 2024	127.32	136.00	144.99	125.71	1.184 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

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
02 Mon Sep 2024	132.25	127.50	136.00	126.01	0.054 times
30 Fri Aug 2024	127.32	115.60	144.99	106.65	2.664 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

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 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 term time period is neutral. A longer time frame might give a better analysis.

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. 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 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 132.71 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.