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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 2024-11-13 View latest technical analysis

10 day averaged volume of Mangalam Drugs is 14237

Date	Daily Closing Price	Open	High	Low	Volume
13 Wed Nov 2024	105.03	107.04	107.04	103.90	0.769 times
12 Tue Nov 2024	106.61	111.60	111.60	105.96	1.018 times
11 Mon Nov 2024	109.12	112.65	112.85	108.18	0.705 times
08 Fri Nov 2024	110.22	111.85	112.39	109.00	1.652 times
07 Thu Nov 2024	110.36	112.53	112.53	108.00	1.468 times
06 Wed Nov 2024	111.68	113.80	113.80	110.94	1.441 times
05 Tue Nov 2024	111.78	110.66	112.00	109.54	0.855 times
04 Mon Nov 2024	110.07	114.30	114.30	108.50	1.157 times
01 Fri Nov 2024	112.06	112.75	112.75	110.20	0.355 times
31 Thu Oct 2024	111.67	111.76	112.99	110.60	0.621 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 107.2, but if it comes above 107.2, then a intra day buy could be more profitable.
If you take a sell trade below 107.2, then use 107.2 as stoploss and 102.8 as target. However if you take a buy trade in stock , then use 107.2 as stoploss and 110.89 as target.

Share price targets for Mangalam Drugs (MANGALAM)

Target Type	Value
Downside Target	102.22
Upside Target	112.85
Upside Target	114.30
Upside Target	118.40
Upside Target	120.00
Upside Target	121.16
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	101.67
Downside Intraday Target	98.31
Upside Intraday Target	110.62
Upside Intraday Target	116.21
Upside Intraday Target	107.26

Weekly technical analysis of Mangalam Drugs (MANGALAM)

Date	Weekly Closing Price	Open	High	Low	Volume
13 Wed Nov 2024	105.03	112.65	112.85	103.90	0.379 times
08 Fri Nov 2024	110.22	114.30	114.30	108.00	1.326 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

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
13 Wed Nov 2024	105.03	112.75	114.30	103.90	0.248 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 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 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 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 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 positive zone. This is a BUY 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 109.88 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.