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

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

Mangalam Drugs trades in NSE in Pharmaceuticals sector.

Showing technical analysis as on 2024-03-15 View latest technical analysis

10 day averaged volume of Mangalam Drugs is 69105

Date	Daily Closing Price	Open	High	Low	Volume
15 Fri Mar 2024	100.85	104.00	105.90	100.10	0.596 times
14 Thu Mar 2024	101.35	93.80	102.40	92.00	0.689 times
13 Wed Mar 2024	94.05	103.00	104.60	91.70	1.569 times
12 Tue Mar 2024	103.95	107.00	107.35	102.00	1.041 times
11 Mon Mar 2024	106.60	114.50	114.50	105.70	1.149 times
07 Thu Mar 2024	113.70	111.70	115.40	111.70	0.482 times
06 Wed Mar 2024	112.85	118.70	119.15	111.20	2.247 times
05 Tue Mar 2024	118.70	119.95	123.45	118.25	1.158 times
04 Mon Mar 2024	121.15	122.10	123.30	119.25	0.733 times
02 Sat Mar 2024	122.10	122.25	124.50	120.40	0.243 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 106.6, but if it comes above 106.6, then a intra day buy could be more profitable.
If you take a sell trade below 106.6, then use 106.6 as stoploss and 95.2 as target. However if you take a buy trade in stock , then use 106.6 as stoploss and 116.19 as target.

Share price targets for Mangalam Drugs (MANGALAM)

Target Type	Value
Downside Target	91.70
Downside Target	93.80
Downside Target	97.00
Upside Target	102.05
Upside Target	111.20
Upside Target	113.55
Upside Target	117.75
Upside Target	119.70
Upside Target	123.45
Upside Target	124.70
Upside Target	131.40
Upside Target	132.45

Intraday share price targets for Mangalam Drugs (MANGALAM)

Target Type	Value
Downside Intraday Target	90.2
Downside Intraday Target	79.55
Upside Intraday Target	113
Upside Intraday Target	125.15
Upside Intraday Target	102.35

Weekly technical analysis of Mangalam Drugs (MANGALAM)

Date	Weekly Closing Price	Open	High	Low	Volume
15 Fri Mar 2024	100.85	114.50	114.50	91.70	1.092 times
07 Thu Mar 2024	113.70	122.10	123.45	111.20	0.645 times
02 Sat Mar 2024	122.10	124.50	131.40	117.75	0.19 times
23 Fri Feb 2024	123.35	120.00	132.45	113.55	3.446 times
16 Fri Feb 2024	118.05	111.00	119.70	104.00	0.385 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 Drugs (MANGALAM)

Date	Monthly Closing Price	Open	High	Low	Volume
15 Fri Mar 2024	100.85	121.50	124.70	91.70	0.125 times
29 Thu Feb 2024	122.05	109.15	132.45	104.00	2.655 times
31 Wed Jan 2024	108.35	99.50	114.00	97.00	2.379 times
29 Fri Dec 2023	98.15	97.95	102.05	94.60	0.952 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 Drugs (MANGALAM)

Price action analysis of Mangalam Drugs ( (MANGALAM) ) 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 Drugs ( (MANGALAM) ) 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 Drugs ( (MANGALAM) ) based on a mid to longer term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

ADX buy sell signal for Mangalam Drugs stock for short term is SELL. Signal strength is Strong and stock is losing momentum.

MACD generated a SELL signal for Mangalam Drugs in short term and the sell signal is strong.

Mangalam Drugs Stock is trading near its recent LOWS in short term which reflects strong selling momentum. 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 buy signal for Mangalam Drugs in short term but BUY signal is weak.

RSI is generating a SELL signal in short term but selling 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 Drugs is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 108.26 and Mangalam Drugs (MANGALAM) 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 Drugs (MANGALAM) stock. Volume based technical analysis of Mangalam Drugs (MANGALAM) stock is negative.

Mangalam Drugs 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.