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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 2024-12-18 View latest technical analysis

10 day averaged volume of Mangalam Drugs is 42230

Date	Daily Closing Price	Open	High	Low	Volume
18 Wed Dec 2024	117.94	122.49	124.89	117.48	0.722 times
17 Tue Dec 2024	120.76	119.80	123.98	117.50	3.526 times
16 Mon Dec 2024	117.35	116.10	119.29	116.10	0.388 times
13 Fri Dec 2024	117.41	116.30	118.63	114.51	0.516 times
12 Thu Dec 2024	117.41	118.70	118.70	115.31	0.288 times
11 Wed Dec 2024	116.18	119.99	119.99	113.80	1.078 times
10 Tue Dec 2024	119.71	120.28	120.50	118.51	0.27 times
09 Mon Dec 2024	120.50	122.35	124.78	118.31	1.474 times
06 Fri Dec 2024	120.98	122.55	122.55	120.00	0.555 times
05 Thu Dec 2024	121.78	123.10	123.10	120.31	0.488 times

My analysis of stock is bullish for shortterm, and stock might move up till 122 or till 129.9. Use a stoploss of 115.5 and if this stock hits its stoploss, then it can fall down till 108.96

Share price targets for Mangalam Drugs (MANGALAM)

Target Type	Value
Downside Target	103.00
Downside Target	110.00
Downside Target	113.80
Downside Target	116.10
Upside Target	119.00
Upside Target	124.78
Upside Target	126.52
Upside Target	128.01
Upside Target	130.85
Upside Target	140.50
Upside Target	144.99

Intraday share price targets for Mangalam Drugs (MANGALAM)

Target Type	Value
Downside Intraday Target	114.4
Downside Intraday Target	110.85
Upside Intraday Target	123.19
Upside Intraday Target	128.43
Upside Intraday Target	119.64

Weekly technical analysis of Mangalam Drugs (MANGALAM)

Date	Weekly Closing Price	Open	High	Low	Volume
18 Wed Dec 2024	117.94	116.10	124.89	116.10	1.279 times
13 Fri Dec 2024	117.41	122.35	124.78	113.80	0.448 times
06 Fri Dec 2024	120.98	123.75	126.52	119.00	0.333 times
29 Fri Nov 2024	122.13	107.80	128.01	105.26	15.481 times
22 Fri Nov 2024	105.02	106.80	110.00	103.66	1.578 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
18 Wed Dec 2024	117.94	123.75	126.52	113.80	0.56 times
29 Fri Nov 2024	122.13	112.75	128.01	103.55	2.281 times
31 Thu Oct 2024	111.67	127.94	130.85	103.00	0.296 times
30 Mon Sep 2024	127.69	127.50	140.50	121.16	0.436 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 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 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 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 BUY. Signal strength is Strong and stock is gaining momentum.

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

Mangalam Drugs 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 green color and prices are above the green cloud Prices appear to be coming down

CCI has generated a SELL signal for Mangalam Drugs in short term but SELL signal is weak.

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 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 119.57 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 positive

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