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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 2024-12-20 View latest technical analysis

10 day averaged volume of Mangalam Drugs is 39603

Date	Daily Closing Price	Open	High	Low	Volume
20 Fri Dec 2024	114.76	116.71	119.42	114.01	0.614 times
19 Thu Dec 2024	116.36	115.10	117.21	113.65	0.598 times
18 Wed Dec 2024	117.94	122.49	124.89	117.48	0.77 times
17 Tue Dec 2024	120.76	119.80	123.98	117.50	3.76 times
16 Mon Dec 2024	117.35	116.10	119.29	116.10	0.414 times
13 Fri Dec 2024	117.41	116.30	118.63	114.51	0.551 times
12 Thu Dec 2024	117.41	118.70	118.70	115.31	0.307 times
11 Wed Dec 2024	116.18	119.99	119.99	113.80	1.149 times
10 Tue Dec 2024	119.71	120.28	120.50	118.51	0.288 times
09 Mon Dec 2024	120.50	122.35	124.78	118.31	1.571 times

My analysis of stock is bearish for shortterm, and stock might move down till 111.2 or till 104.7. Use a stoploss of 116.61 and if the stock hits stoploss, then it can shoot up till 122.04

Share price targets for Mangalam Drugs (MANGALAM)

Target Type	Value
Downside Target	103.00
Downside Target	110.00
Downside Target	113.65
Upside Target	119.00
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	110.64
Downside Intraday Target	106.53
Upside Intraday Target	121.88
Upside Intraday Target	129.01
Upside Intraday Target	117.77

Weekly technical analysis of Mangalam Drugs (MANGALAM)

Date	Weekly Closing Price	Open	High	Low	Volume
20 Fri Dec 2024	114.76	116.10	124.89	113.65	1.592 times
13 Fri Dec 2024	117.41	122.35	124.78	113.80	0.448 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

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
20 Fri Dec 2024	114.76	123.75	126.52	113.65	0.599 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 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 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 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 neutral. A longer time frame might give a better analysis.

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 SELL signal for Mangalam Drugs in short term but the sell signal is initial and weak.

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 green color and prices are in or below the green cloud Prices appear to be coming down

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

RSI is generating a BUY signal in short term but buying is losing momentum.

MRSI is in negative zone. This is the SELL 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 118.89 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 positive

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