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(MGEL) Mangalam Global complete technical analysis [charts+indicators] | Buy/Sell Mangalam Global | (MGEL) share price targets

Complete technical analysis of Mangalam Global (MGEL) by charts plus indicators, forecast predictions and share price targets for Mangalam Global (MGEL)

Showing technical analysis as on 2024-11-25 View latest technical analysis

10 day averaged volume of Mangalam Global is 221236

Date	Daily Closing Price	Open	High	Low	Volume
25 Mon Nov 2024	22.02	22.00	22.42	21.75	0.469 times
22 Fri Nov 2024	21.62	22.00	22.89	21.32	0.971 times
21 Thu Nov 2024	22.00	22.89	23.22	21.28	2.113 times
19 Tue Nov 2024	22.95	22.55	23.75	21.84	0.779 times
18 Mon Nov 2024	22.78	23.39	23.45	22.33	0.382 times
14 Thu Nov 2024	23.04	24.03	26.10	21.80	3.034 times
13 Wed Nov 2024	23.69	23.75	24.95	22.69	1.606 times
12 Tue Nov 2024	23.77	24.08	24.39	23.60	0.274 times
11 Mon Nov 2024	24.08	24.45	24.50	24.01	0.191 times
08 Fri Nov 2024	24.14	24.62	24.93	24.01	0.363 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 22.8, but if it comes above 22.8, then a intra day buy could be more profitable.
If you take a sell trade below 22.8, then use 22.8 as stoploss and 21.5 as target. However if you take a buy trade in stock , then use 22.8 as stoploss and 23.77 as target.

Share price targets for Mangalam Global (MGEL)

Target Type	Value
Downside Target	18.50
Downside Target	19.90
Downside Target	21.28
Downside Target	21.75
Upside Target	22.42
Upside Target	23.71
Upside Target	25.61
Upside Target	25.70
Upside Target	26.10
Upside Target	28.89
Upside Target	32.00

Intraday share price targets for Mangalam Global (MGEL)

Target Type	Value
Downside Intraday Target	21.71
Downside Intraday Target	21.39
Upside Intraday Target	22.38
Upside Intraday Target	22.73
Upside Intraday Target	22.06

Weekly technical analysis of Mangalam Global (MGEL)

Date	Weekly Closing Price	Open	High	Low	Volume
25 Mon Nov 2024	22.02	22.00	22.42	21.75	0.11 times
22 Fri Nov 2024	21.62	23.39	23.75	21.28	0.831 times
14 Thu Nov 2024	23.04	24.45	26.10	21.80	3 times
08 Fri Nov 2024	24.14	24.56	25.61	24.01	0.765 times
01 Fri Nov 2024	25.15	23.99	25.70	23.71	0.187 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 Global (MGEL)

Date	Monthly Closing Price	Open	High	Low	Volume
25 Mon Nov 2024	22.02	24.50	26.10	21.28	0.885 times
31 Thu Oct 2024	24.20	27.45	28.89	22.71	0.094 times
16 Tue Jul 2024	29.14	22.70	32.00	20.25	1.951 times
28 Fri Jun 2024	22.36	20.40	22.75	18.50	2.855 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 Global (MGEL)

Price action analysis of Mangalam Global ( (MGEL) ) 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 Global ( (MGEL) ) 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 Global ( (MGEL) ) based on a mid to longer 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.

ADX buy sell signal for Mangalam Global stock for short term is SELL. Signal strength is Weak and stock is gaining momentum.

MACD generated a SELL signal for Mangalam Global in short term and the sell signal is strong.

Mangalam Global 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 red color and prices are below the red cloud Prices appear to be moving up

CCI has generated a buy signal for Mangalam Global 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 Global is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 22.81 and Mangalam Global (MGEL) 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 Global (MGEL) stock. Volume based technical analysis of Mangalam Global (MGEL) stock is negative.

Mangalam Global Stock has given negative returns over a short term period. Returns for a longer term period have been negative.

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