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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 2024-12-09 View latest technical analysis

10 day averaged volume of Mangalam Drugs is 136819

Date	Daily Closing Price	Open	High	Low	Volume
09 Mon Dec 2024	120.50	122.35	124.78	118.31	0.455 times
06 Fri Dec 2024	120.98	122.55	122.55	120.00	0.171 times
05 Thu Dec 2024	121.78	123.10	123.10	120.31	0.151 times
04 Wed Dec 2024	121.29	120.23	126.00	120.23	0.437 times
03 Tue Dec 2024	120.23	120.10	126.52	119.00	0.72 times
02 Mon Dec 2024	121.24	123.75	123.75	120.94	1.018 times
29 Fri Nov 2024	122.13	108.85	128.01	108.60	7.105 times
28 Thu Nov 2024	106.68	107.43	107.62	106.20	0.122 times
27 Wed Nov 2024	106.89	106.52	107.85	105.96	0.064 times
26 Tue Nov 2024	106.52	106.79	107.50	105.26	0.095 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 118.8, but if it comes below 118.8, then a intra day sell could be more profitable.
If you take a sell trade below 118.8, then use 118.8 as stoploss and 111.63 as target. However if you take a buy trade in stock , then use 118.8 as stoploss and 127.3 as target.

Share price targets for Mangalam Drugs (MANGALAM)

Target Type	Value
Downside Target	103.00
Downside Target	110.00
Downside Target	112.85
Downside Target	118.31
Upside Target	124.78
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	117.61
Downside Intraday Target	114.73
Upside Intraday Target	124.08
Upside Intraday Target	127.67
Upside Intraday Target	121.2

Weekly technical analysis of Mangalam Drugs (MANGALAM)

Date	Weekly Closing Price	Open	High	Low	Volume
09 Mon Dec 2024	120.50	122.35	124.78	118.31	0.182 times
06 Fri Dec 2024	120.98	123.75	126.52	119.00	0.333 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

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
09 Mon Dec 2024	120.50	123.75	126.52	118.31	0.327 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 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 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 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 and the buy 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 HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears are picking up momentum.

Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be coming down

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 121.36 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.