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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 2024-11-07 View latest technical analysis

10 day averaged volume of Mangalam Drugs is 18369

Date	Daily Closing Price	Open	High	Low	Volume
07 Thu Nov 2024	110.36	112.53	112.53	108.00	1.137 times
06 Wed Nov 2024	111.68	113.80	113.80	110.94	1.117 times
05 Tue Nov 2024	111.78	110.66	112.00	109.54	0.662 times
04 Mon Nov 2024	110.07	114.30	114.30	108.50	0.897 times
01 Fri Nov 2024	112.06	112.75	112.75	110.20	0.275 times
31 Thu Oct 2024	111.67	111.76	112.99	110.60	0.482 times
30 Wed Oct 2024	111.54	109.75	112.79	109.75	0.564 times
29 Tue Oct 2024	109.79	108.79	110.90	108.00	0.69 times
28 Mon Oct 2024	107.99	105.00	109.69	103.00	1.833 times
25 Fri Oct 2024	105.21	111.89	113.71	104.88	1.945 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 108.6 as stoploss in an intra day buy trade for a target of 113.65. However, stock will show a bearish move below 108.6.

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	107.47
Downside Intraday Target	104.59
Upside Intraday Target	113.77
Upside Intraday Target	117.19
Upside Intraday Target	110.89

Weekly technical analysis of Mangalam Drugs (MANGALAM)

Date	Weekly Closing Price	Open	High	Low	Volume
07 Thu Nov 2024	110.36	114.30	114.30	108.00	0.992 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
07 Thu Nov 2024	110.36	112.75	114.30	108.00	0.139 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 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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in 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 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 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 109.23 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.