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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 2024-10-28 View latest technical analysis

10 day averaged volume of Mangalam Drugs is 21612

Date	Daily Closing Price	Open	High	Low	Volume
28 Mon Oct 2024	107.99	105.00	109.69	103.00	1.558 times
25 Fri Oct 2024	105.21	111.89	113.71	104.88	1.653 times
24 Thu Oct 2024	109.85	110.70	114.09	108.31	1.305 times
23 Wed Oct 2024	109.69	111.50	112.39	108.41	0.762 times
22 Tue Oct 2024	111.07	115.71	115.71	109.86	1.313 times
21 Mon Oct 2024	116.03	118.40	118.40	115.11	0.653 times
18 Fri Oct 2024	117.74	120.80	120.81	114.16	1.739 times
17 Thu Oct 2024	120.30	120.97	121.57	119.72	0.679 times
16 Wed Oct 2024	120.85	123.75	123.75	119.95	0.617 times
15 Tue Oct 2024	120.14	122.09	122.59	120.05	0.408 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 111.9, but if it comes above 111.9, then a intra day buy could be more profitable.
If you take a sell trade below 111.9, then use 111.9 as stoploss and 104.6 as target. However if you take a buy trade in stock , then use 111.9 as stoploss and 118.09 as target.

Share price targets for Mangalam Drugs (MANGALAM)

Target Type	Value
Downside Target	95.00
Downside Target	102.22
Upside Target	109.69
Upside Target	113.15
Upside Target	118.40
Upside Target	121.16
Upside Target	125.80
Upside Target	125.95
Upside Target	130.85
Upside Target	140.50
Upside Target	144.99

Intraday share price targets for Mangalam Drugs (MANGALAM)

Target Type	Value
Downside Intraday Target	104.1
Downside Intraday Target	100.2
Upside Intraday Target	110.79
Upside Intraday Target	113.58
Downside Intraday Target	106.89

Weekly technical analysis of Mangalam Drugs (MANGALAM)

Date	Weekly Closing Price	Open	High	Low	Volume
28 Mon Oct 2024	107.99	105.00	109.69	103.00	0.274 times
25 Fri Oct 2024	105.21	118.40	118.40	104.88	1.318 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

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
28 Mon Oct 2024	107.99	127.94	130.85	103.00	0.279 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 negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on 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 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 but selling 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 112.35 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.