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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)

10 day averaged volume of Mangalam Global is 214811

Date	Daily Closing Price	Open	High	Low	Volume
19 Fri Apr 2024	18.75	19.30	19.30	18.40	0.49 times
18 Thu Apr 2024	19.15	18.50	19.50	18.35	0.755 times
16 Tue Apr 2024	18.35	18.00	19.00	18.00	0.949 times
15 Mon Apr 2024	18.50	19.50	19.50	17.50	0.968 times
12 Fri Apr 2024	19.70	20.35	20.45	19.60	0.62 times
10 Wed Apr 2024	20.15	20.30	20.75	19.80	0.737 times
09 Tue Apr 2024	20.25	20.75	20.75	20.10	1.421 times
08 Mon Apr 2024	20.35	20.60	21.40	19.80	0.862 times
05 Fri Apr 2024	20.50	19.80	21.20	19.80	2.335 times
04 Thu Apr 2024	19.50	19.80	19.80	19.35	0.698 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 19.1, but if it comes above 19.1, then a intra day buy could be more profitable.
If you take a sell trade below 19.1, then use 19.1 as stoploss and 18.2 as target. However if you take a buy trade in stock , then use 19.1 as stoploss and 19.81 as target.

Share price targets for Mangalam Global (MGEL)

Target Type	Value
Downside Target	16.05
Downside Target	17.50
Downside Target	17.90
Upside Target	19.20
Upside Target	20.60
Upside Target	21.20
Upside Target	21.40
Upside Target	22.30
Upside Target	22.90
Upside Target	23.20
Upside Target	24.95

Intraday share price targets for Mangalam Global (MGEL)

Target Type	Value
Downside Intraday Target	17.67
Downside Intraday Target	16.58
Upside Intraday Target	19.67
Upside Intraday Target	20.58
Downside Intraday Target	18.58

Weekly technical analysis of Mangalam Global (MGEL)

Date	Weekly Closing Price	Open	High	Low	Volume
19 Fri Apr 2024	18.75	19.50	19.50	17.50	0.869 times
12 Fri Apr 2024	19.70	20.60	21.40	19.60	0.704 times
05 Fri Apr 2024	20.50	19.95	21.20	19.35	2.076 times
28 Thu Mar 2024	19.65	20.40	20.60	19.20	0.333 times
22 Fri Mar 2024	20.15	20.80	22.30	19.80	1.092 times

Price has moved down 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
19 Fri Apr 2024	18.75	19.95	21.40	17.50	0.488 times
28 Thu Mar 2024	19.65	22.20	22.90	17.90	0.58 times
29 Thu Feb 2024	22.20	22.40	24.95	19.80	0.671 times
31 Wed Jan 2024	21.95	16.90	23.20	16.10	2.515 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 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 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 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 Global stock for short term is SELL. Signal strength is Strong 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 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 below the red cloud Prices appear to be coming down

CCI has generated a SELL signal for Mangalam Global in short term and SELL signal is strong!

RSI is generating a BUY signal in short term and the buying is gaining 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 19.71 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.