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

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

Showing technical analysis as on 2024-09-27 View latest technical analysis

10 day averaged volume of Mangalam Global is 161497

Date	Daily Closing Price	Open	High	Low	Volume
27 Fri Sep 2024	25.09	23.90	25.11	23.11	2.265 times
26 Thu Sep 2024	23.92	25.27	25.27	23.58	1.164 times
25 Wed Sep 2024	24.83	24.82	25.50	24.25	0.901 times
24 Tue Sep 2024	24.93	25.00	25.80	24.50	1.68 times
23 Mon Sep 2024	25.25	24.46	25.67	24.25	1.088 times
20 Fri Sep 2024	24.45	24.68	25.49	24.00	0.655 times
19 Thu Sep 2024	24.49	25.25	25.60	23.75	1.021 times
18 Wed Sep 2024	25.00	24.95	25.46	24.50	0.695 times
17 Tue Sep 2024	24.63	25.30	25.79	24.00	0.941 times
16 Mon Sep 2024	25.03	25.45	26.19	24.65	0.788 times

Stock of Mangalam Global (MGEL_BE) has showed a significant upmove. This could be a good time to enter in 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 25.2 as stoploss in an intra day sell trade for a target of 24.74. However, stock will show a bullish move above 25.2.

Share price targets for Mangalam Global (MGEL_BE)

Target Type	Value
Downside Target	12.65
Downside Target	13.25
Downside Target	17.00
Downside Target	17.75
Downside Target	23.11
Downside Target	23.67
Upside Target	25.80
Upside Target	26.10
Upside Target	26.19
Upside Target	26.93
Upside Target	27.50
Upside Target	29.84

Intraday share price targets for Mangalam Global (MGEL_BE)

Target Type	Value
Downside Intraday Target	23.53
Downside Intraday Target	21.98
Upside Intraday Target	26.22
Upside Intraday Target	27.36
Downside Intraday Target	24.67

Weekly technical analysis of Mangalam Global (MGEL_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
27 Fri Sep 2024	25.09	24.46	25.80	23.11	1.731 times
20 Fri Sep 2024	24.45	25.45	26.19	23.75	0.967 times
13 Fri Sep 2024	24.95	24.30	26.93	23.90	1.109 times
06 Fri Sep 2024	25.28	25.00	25.84	23.85	1.021 times
30 Fri Aug 2024	25.47	26.10	26.10	23.67	1.214 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_BE)

Date	Monthly Closing Price	Open	High	Low	Volume
27 Fri Sep 2024	25.09	25.00	26.93	23.11	1.133 times
30 Fri Aug 2024	25.47	27.50	27.50	23.67	1.054 times
31 Wed Jul 2024	27.05	28.50	29.84	25.80	1.114 times
20 Fri Oct 2023	15.85	13.60	17.00	12.65	3.532 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_BE)

Price action analysis of Mangalam Global ( (MGEL_BE) ) based on a short term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

Price action analysis of Mangalam Global ( (MGEL_BE) ) 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_BE) ) based on a short to mid term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

Price action analysis of Mangalam Global ( (MGEL_BE) ) 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 but the sell signal is initial and weak.

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 but BUY signal is weak.

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

MRSI is in positive zone. This is a BUY 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 24.8 and Mangalam Global (MGEL_BE) 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_BE) stock. Volume based technical analysis of Mangalam Global (MGEL_BE) 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.