Daily Technical Analysis Weekly Analysis Monthly Analysis Renko chart MACD chart Bollinger Bands chart Stochastics charts Force Index charts

(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.

10 day averaged volume of Mangalam Drugs is 55704

Date	Daily Closing Price	Open	High	Low	Volume
30 Thu Nov 2023	97.95	98.50	99.00	97.40	0.485 times
29 Wed Nov 2023	98.00	98.05	99.00	97.40	0.832 times
28 Tue Nov 2023	97.55	96.00	98.50	96.00	0.488 times
24 Fri Nov 2023	96.75	98.00	98.00	96.50	0.513 times
23 Thu Nov 2023	96.90	95.70	97.60	95.70	0.662 times
22 Wed Nov 2023	95.20	97.30	99.10	93.80	1.263 times
21 Tue Nov 2023	97.45	97.65	98.25	96.95	0.624 times
20 Mon Nov 2023	96.15	100.00	100.25	95.50	2.324 times
17 Fri Nov 2023	99.00	100.50	100.50	98.50	0.916 times
16 Thu Nov 2023	98.90	101.50	101.50	98.05	1.823 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 97.1 as stoploss in an intra day buy trade for a target of 98.9. However, stock will show a bearish move below 97.1.

Share price targets for Mangalam Drugs (MANGALAM)

Target Type	Value
Downside Target	93.80
Downside Target	96.00
Upside Target	101.70
Upside Target	103.00
Upside Target	103.90
Upside Target	104.50
Upside Target	106.00
Upside Target	109.00
Upside Target	112.40
Upside Target	114.65
Upside Target	115.00

Intraday share price targets for Mangalam Drugs (MANGALAM)

Target Type	Value
Downside Intraday Target	96.3
Downside Intraday Target	94.65
Upside Intraday Target	99.3
Upside Intraday Target	100.65
Downside Intraday Target	97.65

Weekly technical analysis of Mangalam Drugs (MANGALAM)

Date	Weekly Closing Price	Open	High	Low	Volume
30 Thu Nov 2023	97.95	96.00	99.00	96.00	0.335 times
24 Fri Nov 2023	96.75	100.00	100.25	93.80	1.338 times
17 Fri Nov 2023	99.00	101.50	101.70	98.05	1.055 times
10 Fri Nov 2023	99.50	102.60	103.00	98.05	0.792 times
03 Fri Nov 2023	101.05	103.60	106.00	100.00	0.862 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
30 Thu Nov 2023	97.95	101.55	103.90	93.80	0.529 times
31 Tue Oct 2023	102.85	102.10	115.00	97.50	1.434 times
29 Fri Sep 2023	103.90	107.00	109.00	99.00	1.246 times
31 Thu Aug 2023	103.15	112.40	112.40	100.70	0.753 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 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 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 Strong and stock is gaining 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 in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bulls are getting stronger in this stock.

Ichimoku cloud is of red color and prices are in or above the red 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 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 97.27 and Mangalam Drugs (MANGALAM) stock is trading above this level. This is a good sign for the stock and it could move higher. 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.