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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 2024-12-24 View latest technical analysis

10 day averaged volume of Mangalam Drugs is 35362

Date	Daily Closing Price	Open	High	Low	Volume
24 Tue Dec 2024	111.44	117.85	117.85	111.00	0.868 times
23 Mon Dec 2024	114.61	116.90	117.49	113.69	0.536 times
20 Fri Dec 2024	114.76	116.71	119.42	114.01	0.688 times
19 Thu Dec 2024	116.36	115.10	117.21	113.65	0.669 times
18 Wed Dec 2024	117.94	122.49	124.89	117.48	0.862 times
17 Tue Dec 2024	120.76	119.80	123.98	117.50	4.211 times
16 Mon Dec 2024	117.35	116.10	119.29	116.10	0.464 times
13 Fri Dec 2024	117.41	116.30	118.63	114.51	0.617 times
12 Thu Dec 2024	117.41	118.70	118.70	115.31	0.344 times
11 Wed Dec 2024	116.18	119.99	119.99	113.80	1.287 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 112.8, but if it comes above 112.8, then a intra day buy could be more profitable.
If you take a sell trade below 112.8, then use 112.8 as stoploss and 107.5 as target. However if you take a buy trade in stock , then use 112.8 as stoploss and 117.28 as target.

Share price targets for Mangalam Drugs (MANGALAM)

Target Type	Value
Downside Target	103.00
Downside Target	111.00
Upside Target	113.65
Upside Target	117.85
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	109.01
Downside Intraday Target	106.58
Upside Intraday Target	115.86
Upside Intraday Target	120.28
Upside Intraday Target	113.43

Weekly technical analysis of Mangalam Drugs (MANGALAM)

Date	Weekly Closing Price	Open	High	Low	Volume
24 Tue Dec 2024	111.44	116.90	117.85	111.00	0.204 times
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

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
24 Tue Dec 2024	111.44	123.75	126.52	111.00	0.639 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 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 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 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 Weak and stock is losing 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 SELL signal for Mangalam Drugs in short term and SELL signal is strong!

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 117.77 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.