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(MANGLMCEM) Mangalam Cement complete technical analysis [charts+indicators] | Buy/Sell Mangalam Cement | (MANGLMCEM) share price targets

Complete technical analysis of Mangalam Cement (MANGLMCEM) by charts plus indicators, forecast predictions and share price targets for Mangalam Cement (MANGLMCEM)

Mangalam Cement trades in NSE in Cement & Cement Products sector.

Showing technical analysis as on 2024-02-21 View latest technical analysis

10 day averaged volume of Mangalam Cement is 191944

Date	Daily Closing Price	Open	High	Low	Volume
21 Wed Feb 2024	719.65	738.95	748.00	706.05	0.551 times
20 Tue Feb 2024	738.75	738.90	749.95	735.00	0.455 times
19 Mon Feb 2024	734.75	738.45	757.45	720.10	0.775 times
16 Fri Feb 2024	733.35	691.05	742.00	691.05	2.873 times
15 Thu Feb 2024	678.50	644.00	683.00	644.00	0.759 times
14 Wed Feb 2024	649.35	626.80	667.90	610.50	0.807 times
13 Tue Feb 2024	621.60	647.00	648.80	610.30	0.493 times
12 Mon Feb 2024	645.25	669.10	676.70	644.00	0.639 times
09 Fri Feb 2024	664.15	675.80	688.80	652.10	0.797 times
08 Thu Feb 2024	675.75	659.30	692.00	650.05	1.549 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 708.4, but if it comes below 708.4, then a intra day sell could be more profitable.
If you take a sell trade below 708.4, then use 708.4 as stoploss and 675.92 as target. However if you take a buy trade in stock , then use 708.4 as stoploss and 747.4 as target.

Share price targets for Mangalam Cement (MANGLMCEM)

Target Type	Value
Downside Target	351.45
Downside Target	396.35
Downside Target	489.00
Downside Target	516.80
Downside Target	610.30
Downside Target	661.00
Downside Target	692.00
Upside Target	719.95
Upside Target	742.00
Upside Target	749.90
Upside Target	757.45
Upside Target	784.00

Intraday share price targets for Mangalam Cement (MANGLMCEM)

Target Type	Value
Downside Intraday Target	697.98
Downside Intraday Target	676.32
Upside Intraday Target	749.38
Upside Intraday Target	779.12
Upside Intraday Target	727.72

Weekly technical analysis of Mangalam Cement (MANGLMCEM)

Date	Weekly Closing Price	Open	High	Low	Volume
21 Wed Feb 2024	719.65	738.45	757.45	706.05	0.32 times
16 Fri Feb 2024	733.35	669.10	742.00	610.30	1.205 times
09 Fri Feb 2024	664.15	673.05	692.00	625.00	0.809 times
02 Fri Feb 2024	670.60	715.00	719.95	661.00	1.725 times
25 Thu Jan 2024	666.30	660.60	697.65	631.95	0.589 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 Cement (MANGLMCEM)

Date	Monthly Closing Price	Open	High	Low	Volume
21 Wed Feb 2024	719.65	670.20	757.45	610.30	0.595 times
31 Wed Jan 2024	665.25	749.00	784.00	612.90	0.409 times
29 Fri Dec 2023	746.15	521.00	749.90	489.00	2.294 times
30 Thu Nov 2023	509.80	396.40	516.80	396.35	1.899 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 Mangalam Cement (MANGLMCEM)

Price action analysis of Mangalam Cement ( (MANGLMCEM) ) 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 Cement ( (MANGLMCEM) ) 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 Cement ( (MANGLMCEM) ) 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 Cement stock for short term is BUY. Signal strength is Weak and stock is losing momentum.

MACD generated a BUY signal for Mangalam Cement 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.

Mangalam Cement Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! 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 coming down

CCI has generated a SELL signal for Mangalam Cement 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 Cement is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 695.28 and Mangalam Cement (MANGLMCEM) 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 Mangalam Cement (MANGLMCEM) stock. Volume based technical analysis of Mangalam Cement (MANGLMCEM) stock is negative.

Mangalam Cement 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.