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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 2024-12-31 View latest technical analysis

10 day averaged volume of Mangalam Drugs is 36467

Date	Daily Closing Price	Open	High	Low	Volume
31 Tue Dec 2024	115.48	119.50	119.50	114.10	0.559 times
30 Mon Dec 2024	117.84	114.10	119.98	114.09	1.439 times
27 Fri Dec 2024	113.73	114.89	114.89	112.68	0.23 times
26 Thu Dec 2024	113.63	113.80	113.85	112.01	0.284 times
24 Tue Dec 2024	111.44	117.85	117.85	111.00	0.842 times
23 Mon Dec 2024	114.61	116.90	117.49	113.69	0.519 times
20 Fri Dec 2024	114.76	116.71	119.42	114.01	0.667 times
19 Thu Dec 2024	116.36	115.10	117.21	113.65	0.649 times
18 Wed Dec 2024	117.94	122.49	124.89	117.48	0.836 times
17 Tue Dec 2024	120.76	119.80	123.98	117.50	4.084 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 114.6 as stoploss in an intra day buy trade for a target of 117.47. However, stock will show a bearish move below 114.6.

Share price targets for Mangalam Drugs (MANGALAM)

Target Type	Value
Downside Target	103.00
Downside Target	106.65
Downside Target	111.00
Downside Target	113.65
Upside Target	117.85
Upside Target	124.78
Upside Target	124.89
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	113.05
Downside Intraday Target	110.63
Upside Intraday Target	118.94
Upside Intraday Target	122.41
Upside Intraday Target	116.52

Weekly technical analysis of Mangalam Drugs (MANGALAM)

Date	Weekly Closing Price	Open	High	Low	Volume
31 Tue Dec 2024	115.48	114.10	119.98	114.09	1.065 times
27 Fri Dec 2024	113.73	116.90	117.85	111.00	0.281 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

Price has moved up 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
31 Tue Dec 2024	115.48	123.75	126.52	111.00	0.713 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 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 neutral. A longer time frame might give a better analysis.

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

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. Bears are weakening, and bulls are picking up momentum!

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 but SELL 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

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 117.69 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.