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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 2025-01-09 View latest technical analysis

10 day averaged volume of Mangalam Drugs is 33107

Date	Daily Closing Price	Open	High	Low	Volume
09 Thu Jan 2025	115.32	116.90	124.75	114.34	1.558 times
08 Wed Jan 2025	113.46	114.75	114.80	111.16	0.47 times
07 Tue Jan 2025	114.48	111.15	116.93	111.15	0.602 times
06 Mon Jan 2025	112.74	115.60	118.86	111.40	0.655 times
03 Fri Jan 2025	118.93	121.80	121.80	117.30	0.655 times
02 Thu Jan 2025	120.77	122.20	123.00	118.60	1.029 times
01 Wed Jan 2025	119.70	115.48	124.89	115.48	3.822 times
31 Tue Dec 2024	115.48	119.50	119.50	114.10	0.615 times
30 Mon Dec 2024	117.84	114.10	119.98	114.09	1.585 times
27 Fri Dec 2024	113.73	114.89	114.89	112.68	0.253 times

My analysis of stock is bearish for shortterm, and stock might move down till 113.6 or till 110.5. Use a stoploss of 116.21 and if the stock hits stoploss, then it can shoot up till 118.81

Share price targets for Mangalam Drugs (MANGALAM)

Target Type	Value
Downside Target	103.00
Downside Target	111.00
Downside Target	113.65
Upside Target	117.85
Upside Target	121.16
Upside Target	124.75
Upside Target	124.89
Upside Target	126.52
Upside Target	128.01
Upside Target	130.85
Upside Target	140.50

Intraday share price targets for Mangalam Drugs (MANGALAM)

Target Type	Value
Downside Intraday Target	109.4
Downside Intraday Target	103.47
Upside Intraday Target	123
Upside Intraday Target	130.67
Upside Intraday Target	117.07

Weekly technical analysis of Mangalam Drugs (MANGALAM)

Date	Weekly Closing Price	Open	High	Low	Volume
09 Thu Jan 2025	115.32	115.60	124.75	111.15	0.426 times
03 Fri Jan 2025	118.93	114.10	124.89	114.09	3.731 times
27 Fri Dec 2024	113.73	116.90	117.85	111.00	0.281 times
20 Fri Dec 2024	114.76	116.10	124.89	113.65	1.592 times
13 Fri Dec 2024	117.41	122.35	124.78	113.80	0.448 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
09 Thu Jan 2025	115.32	115.48	124.89	111.15	0.331 times
31 Tue Dec 2024	115.48	123.75	126.52	111.00	0.713 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

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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

Price action analysis of Mangalam Drugs ( (MANGALAM) ) based on a mid to longer 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.

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 SELL signal for Mangalam Drugs in short term but the sell signal is initial and weak.

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 green color and prices are in or below the green cloud Prices appear to be moving up

CCI has generated a buy signal for Mangalam Drugs in short term and BUY signal is strong.

RSI is generating a BUY signal in short term but buying is losing momentum.

MRSI is in negative zone. This is the SELL 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 117.57 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 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.