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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 2024-10-22 View latest technical analysis

10 day averaged volume of Mangalam Drugs is 18940

Date	Daily Closing Price	Open	High	Low	Volume
22 Tue Oct 2024	111.07	115.71	115.71	109.86	1.498 times
21 Mon Oct 2024	116.03	118.40	118.40	115.11	0.746 times
18 Fri Oct 2024	117.74	120.80	120.81	114.16	1.984 times
17 Thu Oct 2024	120.30	120.97	121.57	119.72	0.775 times
16 Wed Oct 2024	120.85	123.75	123.75	119.95	0.703 times
15 Tue Oct 2024	120.14	122.09	122.59	120.05	0.466 times
14 Mon Oct 2024	121.51	122.60	125.95	120.51	0.994 times
11 Fri Oct 2024	123.69	121.60	125.79	121.60	1.435 times
10 Thu Oct 2024	121.55	122.90	125.80	121.50	0.966 times
09 Wed Oct 2024	122.26	118.98	122.90	118.90	0.98 times

Although my analysis for stock is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 112.5, for a target of 117.5 or 121.6

Share price targets for Mangalam Drugs (MANGALAM)

Target Type	Value
Downside Target	95.00
Downside Target	102.22
Downside Target	106.65
Downside Target	109.86
Upside Target	113.15
Upside Target	118.40
Upside Target	125.80
Upside Target	125.95
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	107.82
Downside Intraday Target	104.57
Upside Intraday Target	116.36
Upside Intraday Target	121.65
Upside Intraday Target	113.11

Weekly technical analysis of Mangalam Drugs (MANGALAM)

Date	Weekly Closing Price	Open	High	Low	Volume
22 Tue Oct 2024	111.07	118.40	118.40	109.86	0.456 times
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

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
22 Tue Oct 2024	111.07	127.94	130.85	109.86	0.216 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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this 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 getting stronger in this stock.

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 SELL signal in short term and selling is picking up 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 119.11 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.