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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 2024-11-22 View latest technical analysis

10 day averaged volume of Mangalam Drugs is 15306

Date	Daily Closing Price	Open	High	Low	Volume
22 Fri Nov 2024	105.02	105.46	110.00	104.00	1.32 times
21 Thu Nov 2024	103.92	105.06	106.13	103.66	1.605 times
19 Tue Nov 2024	106.37	107.04	108.25	106.06	0.451 times
18 Mon Nov 2024	106.53	106.80	107.85	105.51	0.956 times
14 Thu Nov 2024	105.51	106.45	106.85	103.55	0.427 times
13 Wed Nov 2024	105.03	107.04	107.04	103.90	0.715 times
12 Tue Nov 2024	106.61	111.60	111.60	105.96	0.947 times
11 Mon Nov 2024	109.12	112.65	112.85	108.18	0.656 times
08 Fri Nov 2024	110.22	111.85	112.39	109.00	1.536 times
07 Thu Nov 2024	110.36	112.53	112.53	108.00	1.365 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 105.8, but if it comes above 105.8, then a intra day buy could be more profitable.
If you take a sell trade below 105.8, then use 105.8 as stoploss and 102.6 as target. However if you take a buy trade in stock , then use 105.8 as stoploss and 108.52 as target.

Share price targets for Mangalam Drugs (MANGALAM)

Target Type	Value
Downside Target	102.22
Upside Target	112.85
Upside Target	112.99
Upside Target	114.30
Upside Target	118.40
Upside Target	120.00
Upside Target	121.16
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	102.45
Downside Intraday Target	99.89
Upside Intraday Target	108.79
Upside Intraday Target	112.57
Upside Intraday Target	106.23

Weekly technical analysis of Mangalam Drugs (MANGALAM)

Date	Weekly Closing Price	Open	High	Low	Volume
22 Fri Nov 2024	105.02	106.80	110.00	103.66	1.578 times
14 Thu Nov 2024	105.51	112.65	112.85	103.55	0.449 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

Price has moved down this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Mangalam Drugs (MANGALAM)

Date	Monthly Closing Price	Open	High	Low	Volume
22 Fri Nov 2024	105.02	112.75	114.30	103.55	0.383 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 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 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 Weak and stock is losing momentum.

MACD generated a SELL signal for Mangalam Drugs in short term and the sell signal is strong.

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 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 moving up

CCI has generated a buy signal for Mangalam Drugs in short term but BUY signal is weak.

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

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 107.02 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.