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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 2024-10-08 View latest technical analysis

10 day averaged volume of Mangalam Drugs is 63511

Date	Daily Closing Price	Open	High	Low	Volume
08 Tue Oct 2024	118.27	114.00	118.78	113.15	0.284 times
07 Mon Oct 2024	115.98	121.10	123.90	114.50	0.612 times
04 Fri Oct 2024	122.77	122.10	124.90	121.07	0.644 times
03 Thu Oct 2024	122.91	126.20	126.20	122.11	0.75 times
01 Tue Oct 2024	126.20	127.94	130.85	125.00	0.781 times
30 Mon Sep 2024	127.69	128.75	128.75	125.49	0.963 times
27 Fri Sep 2024	126.61	125.37	128.48	125.12	0.794 times
26 Thu Sep 2024	125.13	125.01	126.40	121.16	1.684 times
25 Wed Sep 2024	124.37	126.00	128.57	123.52	1.349 times
24 Tue Sep 2024	126.85	127.10	132.00	125.45	1.667 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 122.2, but if it comes above 122.2, then a intra day buy could be more profitable.
If you take a sell trade below 122.2, then use 122.2 as stoploss and 115.6 as target. However if you take a buy trade in stock , then use 122.2 as stoploss and 127.74 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	113.15
Upside Target	119.00
Upside Target	123.90
Upside Target	130.85
Upside Target	132.00
Upside Target	138.30
Upside Target	140.50
Upside Target	144.99

Intraday share price targets for Mangalam Drugs (MANGALAM)

Target Type	Value
Downside Intraday Target	112.98
Downside Intraday Target	107.69
Upside Intraday Target	123.73
Upside Intraday Target	129.19
Upside Intraday Target	118.44

Weekly technical analysis of Mangalam Drugs (MANGALAM)

Date	Weekly Closing Price	Open	High	Low	Volume
08 Tue Oct 2024	118.27	121.10	123.90	113.15	0.286 times
04 Fri Oct 2024	122.77	128.75	130.85	121.07	0.502 times
27 Fri Sep 2024	126.61	128.98	132.00	121.16	0.946 times
20 Fri Sep 2024	128.98	136.73	140.50	125.99	1.048 times
13 Fri Sep 2024	134.75	131.90	138.30	126.00	0.731 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
08 Tue Oct 2024	118.27	127.94	130.85	113.15	0.107 times
30 Mon Sep 2024	127.69	127.50	140.50	121.16	0.436 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

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 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 to mid 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 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 Strong and stock is gaining momentum.

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

Mangalam Drugs Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be moving up

CCI has generated a SELL signal for Mangalam Drugs in short term and SELL signal is strong!

RSI is generating a SELL signal in short term and selling is picking up 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 124.67 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 negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.