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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 2024-12-18 View latest technical analysis

10 day averaged volume of Mangalam Global is 243459

Date	Daily Closing Price	Open	High	Low	Volume
18 Wed Dec 2024	24.18	25.33	26.20	23.71	2.084 times
17 Tue Dec 2024	25.33	23.34	26.34	23.10	5.924 times
16 Mon Dec 2024	23.34	23.75	23.91	23.00	0.313 times
13 Fri Dec 2024	23.39	24.00	24.00	23.31	0.413 times
12 Thu Dec 2024	23.89	23.90	24.05	22.42	0.998 times
11 Wed Dec 2024	23.49	23.88	24.00	23.20	0.376 times
10 Tue Dec 2024	23.64	24.39	24.39	23.50	0.253 times
09 Mon Dec 2024	23.93	24.39	24.39	23.86	0.163 times
06 Fri Dec 2024	24.11	23.77	25.00	23.39	0.897 times
05 Thu Dec 2024	23.77	24.04	24.44	23.70	0.32 times

Stock of Mangalam Global (MGEL) has showed a significant fall. This could be a good time to exit from this stock.

My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 24.4 as stoploss in an intra day sell trade for a target of 23.58. However, stock will show a bullish move above 24.4.

Share price targets for Mangalam Global (MGEL)

Target Type	Value
Downside Target	18.50
Downside Target	20.25
Downside Target	21.28
Downside Target	21.75
Downside Target	22.42
Upside Target	24.39
Upside Target	24.70
Upside Target	25.00
Upside Target	26.10
Upside Target	26.34
Upside Target	28.89
Upside Target	32.00

Intraday share price targets for Mangalam Global (MGEL)

Target Type	Value
Downside Intraday Target	22.67
Downside Intraday Target	21.17
Upside Intraday Target	26.01
Upside Intraday Target	27.85
Upside Intraday Target	24.51

Weekly technical analysis of Mangalam Global (MGEL)

Date	Weekly Closing Price	Open	High	Low	Volume
18 Wed Dec 2024	24.18	23.75	26.34	23.00	3.776 times
13 Fri Dec 2024	23.39	24.39	24.39	22.42	0.911 times
06 Fri Dec 2024	24.11	24.69	25.00	23.39	0.927 times
29 Fri Nov 2024	24.23	22.00	24.70	21.75	0.676 times
22 Fri Nov 2024	21.62	23.39	23.75	21.28	0.831 times

Price has moved up this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Mangalam Global (MGEL)

Date	Monthly Closing Price	Open	High	Low	Volume
18 Wed Dec 2024	24.18	24.69	26.34	22.42	0.987 times
29 Fri Nov 2024	24.23	24.50	26.10	21.28	1.062 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

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 to mid 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.

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 Strong and stock is losing momentum.

MACD generated a BUY signal for Mangalam Global in short term and the buy 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. Bulls are getting stronger in this stock.

Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be coming down

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

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 24.63 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 is giving positive 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.