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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 2024-11-29 View latest technical analysis

10 day averaged volume of Mangalam Drugs is 13816

Date	Daily Closing Price	Open	High	Low	Volume
29 Fri Nov 2024	122.13	108.85	128.01	108.60	70.361 times
28 Thu Nov 2024	106.68	107.43	107.62	106.20	1.206 times
27 Wed Nov 2024	106.89	106.52	107.85	105.96	0.636 times
26 Tue Nov 2024	106.52	106.79	107.50	105.26	0.943 times
25 Mon Nov 2024	106.02	107.80	108.85	105.26	1.151 times
22 Fri Nov 2024	105.02	105.46	110.00	104.00	1.462 times
21 Thu Nov 2024	103.92	105.06	106.13	103.66	1.778 times
19 Tue Nov 2024	106.37	107.04	108.25	106.06	0.5 times
18 Mon Nov 2024	106.53	106.80	107.85	105.51	1.06 times
14 Thu Nov 2024	105.51	106.45	106.85	103.55	0.473 times

Stock of Mangalam Drugs (MANGALAM) has showed a significant upmove. This could be a good time to enter in this stock!

Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 117.5, for a target of 112.7 or 108.71

Share price targets for Mangalam Drugs (MANGALAM)

Target Type	Value
Downside Target	102.22
Downside Target	112.85
Downside Target	112.99
Downside Target	114.30
Downside Target	120.00
Downside Target	121.16
Upside Target	128.01
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	108.92
Downside Intraday Target	95.72
Upside Intraday Target	131.67
Upside Intraday Target	141.22
Downside Intraday Target	118.47

Weekly technical analysis of Mangalam Drugs (MANGALAM)

Date	Weekly Closing Price	Open	High	Low	Volume
29 Fri Nov 2024	122.13	107.80	128.01	105.26	15.481 times
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

Price has moved up 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
29 Fri Nov 2024	122.13	112.75	128.01	103.55	2.281 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, and volume has increased substantially. This means that the move can 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 positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

Price action analysis of Mangalam Drugs ( (MANGALAM) ) based on a short to mid 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 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 BUY. 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 in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bulls are getting stronger in this stock.

Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be moving up

CCI has generated a buy signal for Mangalam Drugs in short term and BUY signal is strong.

RSI is generating a BUY signal in short term and the buying is gaining 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 120.23 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 positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.