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(MANGCHEFER) Mangalore Chemicals complete technical analysis [charts+indicators] | Buy/Sell Mangalore Chemicals | (MANGCHEFER) share price targets

Complete technical analysis of Mangalore Chemicals (MANGCHEFER) by charts plus indicators, forecast predictions and share price targets for Mangalore Chemicals (MANGCHEFER)

Mangalore Chemicals trades in NSE in Fertilizers sector.

Showing technical analysis as on 2024-03-07 View latest technical analysis

10 day averaged volume of Mangalore Chemicals is 741218

Date	Daily Closing Price	Open	High	Low	Volume
07 Thu Mar 2024	116.15	116.00	118.20	115.90	0.399 times
06 Wed Mar 2024	115.15	118.40	118.85	113.85	0.86 times
05 Tue Mar 2024	118.55	120.30	121.85	118.35	0.412 times
04 Mon Mar 2024	120.35	123.90	123.90	118.95	0.537 times
02 Sat Mar 2024	123.90	121.40	124.70	121.40	0.107 times
01 Fri Mar 2024	121.35	123.05	124.90	118.95	0.799 times
29 Thu Feb 2024	122.60	127.05	127.05	122.20	0.746 times
28 Wed Feb 2024	127.05	130.00	130.90	123.50	0.835 times
27 Tue Feb 2024	130.05	131.60	132.00	128.40	0.819 times
26 Mon Feb 2024	131.15	130.00	133.70	127.20	2.014 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 116.4, but if it comes above 116.4, then a intra day buy could be more profitable.
If you take a sell trade below 116.4, then use 116.4 as stoploss and 110.5 as target. However if you take a buy trade in stock , then use 116.4 as stoploss and 121.3 as target.

Share price targets for Mangalore Chemicals (MANGCHEFER)

Target Type	Value
Downside Target	109.60
Downside Target	113.85
Upside Target	117.50
Upside Target	123.90
Upside Target	124.90
Upside Target	126.85
Upside Target	130.90
Upside Target	131.20
Upside Target	133.70
Upside Target	135.55
Upside Target	146.50
Upside Target	156.10

Intraday share price targets for Mangalore Chemicals (MANGCHEFER)

Target Type	Value
Downside Intraday Target	112.03
Downside Intraday Target	107.92
Upside Intraday Target	122.08
Upside Intraday Target	128.02
Upside Intraday Target	117.97

Weekly technical analysis of Mangalore Chemicals (MANGCHEFER)

Date	Weekly Closing Price	Open	High	Low	Volume
07 Thu Mar 2024	116.15	123.90	123.90	113.85	0.415 times
02 Sat Mar 2024	123.90	130.00	133.70	118.95	0.773 times
23 Fri Feb 2024	130.00	119.55	131.20	117.55	0.84 times
16 Fri Feb 2024	119.60	130.70	130.90	110.00	0.489 times
09 Fri Feb 2024	129.25	134.20	135.55	118.40	1.817 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 Mangalore Chemicals (MANGCHEFER)

Date	Monthly Closing Price	Open	High	Low	Volume
07 Thu Mar 2024	116.15	123.05	124.90	113.85	0.08 times
29 Thu Feb 2024	122.60	145.60	146.50	110.00	0.797 times
31 Wed Jan 2024	144.30	122.50	156.10	120.60	1.749 times
29 Fri Dec 2023	121.75	111.95	126.85	111.10	1.714 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 Mangalore Chemicals (MANGCHEFER)

Price action analysis of Mangalore Chemicals ( (MANGCHEFER) ) 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 Mangalore Chemicals ( (MANGCHEFER) ) based on a short to mid term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

Price action analysis of Mangalore Chemicals ( (MANGCHEFER) ) based on a mid to longer term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

ADX buy sell signal for Mangalore Chemicals stock for short term is SELL. Signal strength is Strong and stock is gaining momentum.

MACD generated a SELL signal for Mangalore Chemicals in short term and the sell signal is strong.

Mangalore Chemicals Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be moving up

CCI has generated a buy signal for Mangalore Chemicals in short term but BUY signal is weak.

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

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying might be slowing down

Stock of Mangalore Chemicals is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 124.5 and Mangalore Chemicals (MANGCHEFER) 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 Mangalore Chemicals (MANGCHEFER) stock. Volume based technical analysis of Mangalore Chemicals (MANGCHEFER) stock is negative.

Mangalore Chemicals 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.