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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 2024-11-27 View latest technical analysis

10 day averaged volume of Mangalam Global is 238443

Date	Daily Closing Price	Open	High	Low	Volume
27 Wed Nov 2024	23.29	23.45	23.75	23.06	0.389 times
26 Tue Nov 2024	23.15	22.02	23.50	22.02	0.89 times
25 Mon Nov 2024	22.02	22.00	22.42	21.75	0.435 times
22 Fri Nov 2024	21.62	22.00	22.89	21.32	0.901 times
21 Thu Nov 2024	22.00	22.89	23.22	21.28	1.961 times
19 Tue Nov 2024	22.95	22.55	23.75	21.84	0.723 times
18 Mon Nov 2024	22.78	23.39	23.45	22.33	0.354 times
14 Thu Nov 2024	23.04	24.03	26.10	21.80	2.815 times
13 Wed Nov 2024	23.69	23.75	24.95	22.69	1.49 times
12 Tue Nov 2024	23.77	24.08	24.39	23.60	0.254 times

My analysis of stock is bearish for shortterm, and stock might move down till 22.7 or till 21.5. Use a stoploss of 23.68 and if the stock hits stoploss, then it can shoot up till 24.69

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
Downside Target	22.71
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	22.11
Downside Intraday Target	20.93
Upside Intraday Target	24.11
Upside Intraday Target	24.93
Downside Intraday Target	22.93

Weekly technical analysis of Mangalam Global (MGEL)

Date	Weekly Closing Price	Open	High	Low	Volume
27 Wed Nov 2024	23.29	22.00	23.75	21.75	0.435 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
27 Wed Nov 2024	23.29	24.50	26.10	21.28	0.986 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 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 Global ( (MGEL) ) 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 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 BUY. 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.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Mangalam Global 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 red color and prices are in or above the red cloud Prices appear to be moving up

CCI has generated a buy signal for Mangalam Global in short term and BUY 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 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 22.79 and Mangalam Global (MGEL) stock is trading above this level. This is a good sign for the stock and it could move higher. 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.