Daily Technical Analysis Weekly Analysis Monthly Analysis Renko chart MACD chart Bollinger Bands chart Stochastics charts Force Index charts

(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 2024-10-18 View latest technical analysis

10 day averaged volume of Mangalam Drugs is 21750

Date	Daily Closing Price	Open	High	Low	Volume
18 Fri Oct 2024	117.74	120.80	120.81	114.16	1.728 times
17 Thu Oct 2024	120.30	120.97	121.57	119.72	0.675 times
16 Wed Oct 2024	120.85	123.75	123.75	119.95	0.613 times
15 Tue Oct 2024	120.14	122.09	122.59	120.05	0.406 times
14 Mon Oct 2024	121.51	122.60	125.95	120.51	0.865 times
11 Fri Oct 2024	123.69	121.60	125.79	121.60	1.25 times
10 Thu Oct 2024	121.55	122.90	125.80	121.50	0.841 times
09 Wed Oct 2024	122.26	118.98	122.90	118.90	0.853 times
08 Tue Oct 2024	118.27	114.00	118.78	113.15	0.829 times
07 Mon Oct 2024	115.98	121.10	123.90	114.50	1.788 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 119.6, but if it comes above 119.6, then a intra day buy could be more profitable.
If you take a sell trade below 119.6, then use 119.6 as stoploss and 115.3 as target. However if you take a buy trade in stock , then use 119.6 as stoploss and 123.06 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	125.80
Upside Target	125.99
Upside Target	130.85
Upside Target	132.00
Upside Target	140.50
Upside Target	144.99

Intraday share price targets for Mangalam Drugs (MANGALAM)

Target Type	Value
Downside Intraday Target	112.62
Downside Intraday Target	107.49
Upside Intraday Target	124.41
Upside Intraday Target	131.07
Upside Intraday Target	119.28

Weekly technical analysis of Mangalam Drugs (MANGALAM)

Date	Weekly Closing Price	Open	High	Low	Volume
18 Fri Oct 2024	117.74	122.60	125.95	114.16	0.771 times
11 Fri Oct 2024	123.69	121.10	125.80	113.15	0.607 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

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
18 Fri Oct 2024	117.74	127.94	130.85	113.15	0.193 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 term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

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 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 red color and prices are below the red 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

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 119.74 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.