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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 2024-11-06 View latest technical analysis

10 day averaged volume of Mangalam Drugs is 17964

Date	Daily Closing Price	Open	High	Low	Volume
06 Wed Nov 2024	111.68	113.80	113.80	110.94	1.142 times
05 Tue Nov 2024	111.78	110.66	112.00	109.54	0.677 times
04 Mon Nov 2024	110.07	114.30	114.30	108.50	0.917 times
01 Fri Nov 2024	112.06	112.75	112.75	110.20	0.281 times
31 Thu Oct 2024	111.67	111.76	112.99	110.60	0.493 times
30 Wed Oct 2024	111.54	109.75	112.79	109.75	0.576 times
29 Tue Oct 2024	109.79	108.79	110.90	108.00	0.705 times
28 Mon Oct 2024	107.99	105.00	109.69	103.00	1.874 times
25 Fri Oct 2024	105.21	111.89	113.71	104.88	1.989 times
24 Thu Oct 2024	109.85	110.70	114.09	108.31	1.57 times

My analysis of stock is bearish for shortterm, and stock might move down till 108.9 or till 102.5. Use a stoploss of 114.21 and if the stock hits stoploss, then it can shoot up till 119.53

Share price targets for Mangalam Drugs (MANGALAM)

Target Type	Value
Downside Target	102.22
Upside Target	112.99
Upside Target	114.30
Upside Target	118.40
Upside Target	120.00
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	108.69
Downside Intraday Target	105.69
Upside Intraday Target	114.49
Upside Intraday Target	117.29
Downside Intraday Target	111.49

Weekly technical analysis of Mangalam Drugs (MANGALAM)

Date	Weekly Closing Price	Open	High	Low	Volume
06 Wed Nov 2024	111.68	114.30	114.30	108.50	0.697 times
01 Fri Nov 2024	112.06	105.00	112.99	103.00	0.574 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

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
06 Wed Nov 2024	111.68	112.75	114.30	108.50	0.1 times
31 Thu Oct 2024	111.67	127.94	130.85	103.00	0.296 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

Scroll below to view daily charts

Price has moved up 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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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 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 losing momentum.

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

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Mangalam Drugs Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls 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 buy signal for Mangalam Drugs in short term and BUY 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

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 109.2 and Mangalam Drugs (MANGALAM) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is rising upwards.

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 is giving positive 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.