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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 2024-09-19 View latest technical analysis

10 day averaged volume of Mangalam Drugs is 89268

Date	Daily Closing Price	Open	High	Low	Volume
19 Thu Sep 2024	127.32	135.00	136.80	125.99	1.009 times
18 Wed Sep 2024	135.47	139.00	140.00	133.07	0.892 times
17 Tue Sep 2024	138.06	138.90	140.50	134.11	1.702 times
16 Mon Sep 2024	136.09	136.73	138.59	133.68	0.713 times
13 Fri Sep 2024	134.75	128.39	138.30	126.00	2.762 times
12 Thu Sep 2024	128.39	132.80	132.80	127.52	0.438 times
11 Wed Sep 2024	130.38	132.00	133.54	130.00	0.33 times
10 Tue Sep 2024	131.26	129.86	133.61	129.86	0.404 times
09 Mon Sep 2024	131.04	131.90	135.50	128.18	0.548 times
06 Fri Sep 2024	131.25	136.85	138.50	130.50	0.921 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 129.2, but if it comes above 129.2, then a intra day buy could be more profitable.
If you take a sell trade below 129.2, then use 129.2 as stoploss and 125.1 as target. However if you take a buy trade in stock , then use 129.2 as stoploss and 132.58 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
Upside Target	134.48
Upside Target	138.30
Upside Target	138.50
Upside Target	140.50
Upside Target	144.99

Intraday share price targets for Mangalam Drugs (MANGALAM)

Target Type	Value
Downside Intraday Target	122.04
Downside Intraday Target	116.76
Upside Intraday Target	136.55
Upside Intraday Target	145.78
Upside Intraday Target	131.27

Weekly technical analysis of Mangalam Drugs (MANGALAM)

Date	Weekly Closing Price	Open	High	Low	Volume
19 Thu Sep 2024	127.32	136.73	140.50	125.99	0.963 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 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
19 Thu Sep 2024	127.32	127.50	140.50	125.99	0.318 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 down 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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

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 SELL. Signal strength is Weak and stock is losing momentum.

MACD generated a SELL signal for Mangalam Drugs in short term but the sell signal is initial and weak.

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 in or below the green cloud Prices appear to be coming down

CCI has generated a SELL signal for Mangalam Drugs in short term and SELL 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 133.6 and Mangalam Drugs (MANGALAM) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down

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 has given negative 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.