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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 2024-09-16 View latest technical analysis

10 day averaged volume of Mangalam Drugs is 94764

Date	Daily Closing Price	Open	High	Low	Volume
16 Mon Sep 2024	136.09	136.73	138.59	133.68	0.671 times
13 Fri Sep 2024	134.75	128.39	138.30	126.00	2.602 times
12 Thu Sep 2024	128.39	132.80	132.80	127.52	0.413 times
11 Wed Sep 2024	130.38	132.00	133.54	130.00	0.311 times
10 Tue Sep 2024	131.26	129.86	133.61	129.86	0.38 times
09 Mon Sep 2024	131.04	131.90	135.50	128.18	0.516 times
06 Fri Sep 2024	131.25	136.85	138.50	130.50	0.867 times
05 Thu Sep 2024	134.25	134.00	136.40	132.53	1.216 times
04 Wed Sep 2024	130.89	129.60	133.90	127.10	0.684 times
03 Tue Sep 2024	130.33	134.35	134.67	129.50	0.645 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 135.3, but if it comes below 135.3, then a intra day sell could be more profitable.
If you take a sell trade below 135.3, then use 135.3 as stoploss and 131.18 as target. However if you take a buy trade in stock , then use 135.3 as stoploss and 140.3 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	112.15
Downside Target	119.00
Downside Target	125.71
Downside Target	133.68
Upside Target	138.30
Upside Target	138.50
Upside Target	138.59
Upside Target	144.99

Intraday share price targets for Mangalam Drugs (MANGALAM)

Target Type	Value
Downside Intraday Target	133.65
Downside Intraday Target	131.21
Upside Intraday Target	138.56
Upside Intraday Target	141.03
Upside Intraday Target	136.12

Weekly technical analysis of Mangalam Drugs (MANGALAM)

Date	Weekly Closing Price	Open	High	Low	Volume
16 Mon Sep 2024	136.09	136.73	138.59	133.68	0.159 times
13 Fri Sep 2024	134.75	131.90	138.30	126.00	0.731 times
06 Fri Sep 2024	131.25	127.50	138.50	126.01	0.404 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

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
16 Mon Sep 2024	136.09	127.50	138.59	126.00	0.241 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 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 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 to mid 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 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 SELL signal for Mangalam Drugs in short term but the sell signal is initial and weak.

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 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

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 132.89 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.