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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 2024-04-22 View latest technical analysis

10 day averaged volume of Mangalam Drugs is 34984

Date	Daily Closing Price	Open	High	Low	Volume
22 Mon Apr 2024	100.10	100.05	102.00	99.60	0.93 times
19 Fri Apr 2024	99.95	99.70	100.60	98.45	0.527 times
18 Thu Apr 2024	99.15	101.00	102.35	98.55	0.898 times
16 Tue Apr 2024	99.95	102.00	102.00	98.65	0.363 times
15 Mon Apr 2024	98.60	102.00	102.00	97.00	1.065 times
12 Fri Apr 2024	102.70	103.70	104.85	101.45	1.044 times
10 Wed Apr 2024	101.40	103.25	103.70	101.05	0.631 times
09 Tue Apr 2024	102.75	104.90	105.95	101.45	0.827 times
08 Mon Apr 2024	104.35	105.00	107.40	103.00	1.355 times
05 Fri Apr 2024	104.30	102.00	105.00	101.30	2.01 times

My analysis of stock is bullish for shortterm, and stock might move up till 102.6 or till 106.3. Use a stoploss of 99.5 and if this stock hits its stoploss, then it can fall down till 96.41

Share price targets for Mangalam Drugs (MANGALAM)

Target Type	Value
Downside Target	90.80
Downside Target	92.85
Downside Target	97.00
Downside Target	99.60
Upside Target	102.35
Upside Target	104.00
Upside Target	105.00
Upside Target	107.40
Upside Target	114.00
Upside Target	124.70
Upside Target	132.45

Intraday share price targets for Mangalam Drugs (MANGALAM)

Target Type	Value
Downside Intraday Target	99.13
Downside Intraday Target	98.17
Upside Intraday Target	101.53
Upside Intraday Target	102.97
Upside Intraday Target	100.57

Weekly technical analysis of Mangalam Drugs (MANGALAM)

Date	Weekly Closing Price	Open	High	Low	Volume
22 Mon Apr 2024	100.10	100.05	102.00	99.60	0.326 times
19 Fri Apr 2024	99.95	102.00	102.35	97.00	0.74 times
12 Fri Apr 2024	102.70	105.00	107.40	101.05	0.487 times
05 Fri Apr 2024	104.30	93.70	105.00	92.85	1.061 times
28 Thu Mar 2024	92.10	101.75	101.75	90.80	1.322 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 Drugs (MANGALAM)

Date	Monthly Closing Price	Open	High	Low	Volume
22 Mon Apr 2024	100.10	93.70	107.40	92.85	0.457 times
28 Thu Mar 2024	92.10	121.50	124.70	90.80	0.203 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

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 Drugs (MANGALAM)

Price action analysis of Mangalam Drugs ( (MANGALAM) ) 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 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 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 Drugs ( (MANGALAM) ) 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 Drugs stock for short term is SELL. Signal strength is Weak and stock is losing momentum.

MACD generated a BUY signal for Mangalam Drugs in short term but the buy signal is initial and weak.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

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 in or above the red cloud Prices appear to be moving up

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 and selling is picking up momentum.

MRSI is in positive zone. This is a BUY zone

Stock of Mangalam Drugs is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 101.9 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.