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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 2024-04-16 View latest technical analysis

10 day averaged volume of Mangalore Chemicals is 561504

Date	Daily Closing Price	Open	High	Low	Volume
16 Tue Apr 2024	121.00	115.70	121.70	115.70	0.779 times
15 Mon Apr 2024	117.00	114.00	117.65	112.55	0.628 times
12 Fri Apr 2024	117.10	124.10	124.15	116.00	0.782 times
10 Wed Apr 2024	124.90	125.65	126.20	122.55	1.519 times
09 Tue Apr 2024	124.90	122.80	125.40	121.30	1.02 times
08 Mon Apr 2024	122.70	121.40	123.30	118.00	1.043 times
05 Fri Apr 2024	120.75	115.00	121.30	113.10	1.289 times
04 Thu Apr 2024	116.15	112.55	116.90	112.20	0.874 times
03 Wed Apr 2024	112.50	107.55	114.75	107.25	1.462 times
02 Tue Apr 2024	106.80	107.05	108.05	105.00	0.821 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 119.3, but if it comes below 119.3, then a intra day sell could be more profitable.
If you take a sell trade below 119.3, then use 119.3 as stoploss and 110.45 as target. However if you take a buy trade in stock , then use 119.3 as stoploss and 130 as target.

Share price targets for Mangalore Chemicals (MANGCHEFER)

Target Type	Value
Downside Target	99.85
Downside Target	102.50
Downside Target	104.80
Downside Target	110.00
Downside Target	116.00
Downside Target	120.60
Upside Target	121.70
Upside Target	124.90
Upside Target	126.20
Upside Target	126.85
Upside Target	146.50
Upside Target	156.10

Intraday share price targets for Mangalore Chemicals (MANGCHEFER)

Target Type	Value
Downside Intraday Target	115.13
Downside Intraday Target	109.27
Upside Intraday Target	124.28
Upside Intraday Target	127.57
Downside Intraday Target	118.42

Weekly technical analysis of Mangalore Chemicals (MANGCHEFER)

Date	Weekly Closing Price	Open	High	Low	Volume
16 Tue Apr 2024	121.00	114.00	121.70	112.55	0.323 times
12 Fri Apr 2024	117.10	121.40	126.20	116.00	0.871 times
05 Fri Apr 2024	120.75	102.50	121.30	102.50	1.302 times
28 Thu Mar 2024	101.35	100.90	104.80	100.30	1.23 times
22 Fri Mar 2024	103.05	104.00	105.70	100.25	0.489 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 Mangalore Chemicals (MANGCHEFER)

Date	Monthly Closing Price	Open	High	Low	Volume
16 Tue Apr 2024	121.00	102.50	126.20	102.50	0.617 times
28 Thu Mar 2024	101.35	123.05	124.90	99.85	0.34 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

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 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 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 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 Mangalore Chemicals ( (MANGCHEFER) ) 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 Mangalore Chemicals stock for short term is BUY. Signal strength is Weak and stock is gaining momentum.

MACD generated a BUY signal for Mangalore Chemicals in short term and the buy signal is strong.

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

Mangalore Chemicals 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 tired and bears 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 Mangalore Chemicals in short term and BUY signal is strong.

RSI is generating a BUY signal in short term and the buying is gaining 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 118.79 and Mangalore Chemicals (MANGCHEFER) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is rising upwards.

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 is giving positive 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.