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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 2024-12-23 View latest technical analysis

10 day averaged volume of Mangalam Global is 378939

Date	Daily Closing Price	Open	High	Low	Volume
23 Mon Dec 2024	24.94	24.50	26.25	24.47	0.916 times
20 Fri Dec 2024	24.40	25.48	26.25	24.30	0.804 times
19 Thu Dec 2024	25.11	23.33	27.01	23.33	2.434 times
18 Wed Dec 2024	24.18	25.33	26.20	23.71	1.339 times
17 Tue Dec 2024	25.33	23.34	26.34	23.10	3.806 times
16 Mon Dec 2024	23.34	23.75	23.91	23.00	0.201 times
13 Fri Dec 2024	23.39	24.00	24.00	23.31	0.266 times
12 Thu Dec 2024	23.89	23.90	24.05	22.42	0.641 times
11 Wed Dec 2024	23.49	23.88	24.00	23.20	0.242 times
10 Tue Dec 2024	23.64	24.39	24.39	23.50	0.162 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 24.6, but if it comes below 24.6, then a intra day sell could be more profitable.
If you take a sell trade below 24.6, then use 24.6 as stoploss and 24.02 as target. However if you take a buy trade in stock , then use 24.6 as stoploss and 25.3 as target.

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
Downside Target	24.39
Upside Target	25.00
Upside Target	26.10
Upside Target	26.25
Upside Target	27.01
Upside Target	28.89
Upside Target	32.00

Intraday share price targets for Mangalam Global (MGEL)

Target Type	Value
Downside Intraday Target	24.19
Downside Intraday Target	23.44
Upside Intraday Target	25.97
Upside Intraday Target	27
Upside Intraday Target	25.22

Weekly technical analysis of Mangalam Global (MGEL)

Date	Weekly Closing Price	Open	High	Low	Volume
23 Mon Dec 2024	24.94	24.50	26.25	24.47	0.107 times
20 Fri Dec 2024	24.40	23.75	27.01	23.00	6.063 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

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
23 Mon Dec 2024	24.94	24.69	27.01	22.42	1.481 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 up 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 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 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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this 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 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

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 24.8 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 rising upwards.

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 positive

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