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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 2024-12-03 View latest technical analysis

10 day averaged volume of Mangalam Drugs is 123208

Date	Daily Closing Price	Open	High	Low	Volume
03 Tue Dec 2024	120.23	120.10	126.52	119.00	0.8 times
02 Mon Dec 2024	121.24	123.75	123.75	120.94	1.131 times
29 Fri Nov 2024	122.13	108.85	128.01	108.60	7.89 times
28 Thu Nov 2024	106.68	107.43	107.62	106.20	0.135 times
27 Wed Nov 2024	106.89	106.52	107.85	105.96	0.071 times
26 Tue Nov 2024	106.52	106.79	107.50	105.26	0.106 times
25 Mon Nov 2024	106.02	107.80	108.85	105.26	0.129 times
22 Fri Nov 2024	105.02	105.46	110.00	104.00	0.164 times
21 Thu Nov 2024	103.92	105.06	106.13	103.66	0.199 times
19 Tue Nov 2024	106.37	107.04	108.25	106.06	0.056 times

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 121.4, for a target of 115 or 109.6

Share price targets for Mangalam Drugs (MANGALAM)

Target Type	Value
Downside Target	103.00
Downside Target	112.85
Downside Target	119.00
Upside Target	121.16
Upside Target	126.52
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	117.31
Downside Intraday Target	114.4
Upside Intraday Target	124.83
Upside Intraday Target	129.44
Upside Intraday Target	121.92

Weekly technical analysis of Mangalam Drugs (MANGALAM)

Date	Weekly Closing Price	Open	High	Low	Volume
03 Tue Dec 2024	120.23	123.75	126.52	119.00	0.232 times
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

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
03 Tue Dec 2024	120.23	123.75	126.52	119.00	0.193 times
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

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 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 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 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 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 in or above the red cloud Prices appear to be coming down

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

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 120.56 and Mangalam Drugs (MANGALAM) stock is trading below this level. This means that stock is falling with high volumes. 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.