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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 2024-03-15 View latest technical analysis

10 day averaged volume of Mangalam Cement is 242183

Date	Daily Closing Price	Open	High	Low	Volume
15 Fri Mar 2024	668.70	662.45	679.65	650.40	1.034 times
14 Thu Mar 2024	673.05	652.35	685.65	635.00	0.36 times
13 Wed Mar 2024	652.35	697.40	701.70	651.05	0.755 times
12 Tue Mar 2024	701.75	728.50	742.05	696.00	0.722 times
11 Mon Mar 2024	734.20	746.00	766.00	730.00	1.363 times
07 Thu Mar 2024	746.40	766.90	772.00	740.00	0.953 times
06 Wed Mar 2024	762.75	780.30	783.55	725.55	1.029 times
05 Tue Mar 2024	780.05	800.00	812.00	770.00	1.44 times
04 Mon Mar 2024	796.60	720.30	802.50	720.30	2.978 times
02 Sat Mar 2024	730.80	730.95	748.00	710.25	0.034 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 690.8, but if it comes above 690.8, then a intra day buy could be more profitable.
If you take a sell trade below 690.8, then use 690.8 as stoploss and 649.4 as target. However if you take a buy trade in stock , then use 690.8 as stoploss and 725.28 as target.

Share price targets for Mangalam Cement (MANGLMCEM)

Target Type	Value
Downside Target	396.35
Downside Target	489.00
Downside Target	516.80
Downside Target	610.30
Downside Target	635.00
Upside Target	691.15
Upside Target	720.30
Upside Target	742.00
Upside Target	766.00
Upside Target	769.95
Upside Target	784.00
Upside Target	812.00

Intraday share price targets for Mangalam Cement (MANGLMCEM)

Target Type	Value
Downside Intraday Target	613.8
Downside Intraday Target	558.9
Upside Intraday Target	744.8
Upside Intraday Target	820.9
Upside Intraday Target	689.9

Weekly technical analysis of Mangalam Cement (MANGLMCEM)

Date	Weekly Closing Price	Open	High	Low	Volume
15 Fri Mar 2024	668.70	746.00	766.00	635.00	0.662 times
07 Thu Mar 2024	746.40	720.30	812.00	720.30	2.179 times
02 Sat Mar 2024	730.80	719.55	769.95	691.15	1.346 times
23 Fri Feb 2024	719.55	738.45	757.45	693.00	0.494 times
16 Fri Feb 2024	733.35	669.10	742.00	610.30	1.205 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
15 Fri Mar 2024	668.70	738.40	812.00	635.00	0.802 times
29 Thu Feb 2024	728.85	670.20	769.95	610.30	0.783 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

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 Cement (MANGLMCEM)

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

MACD generated a SELL signal for Mangalam Cement in short term but the sell signal is initial and weak.

Mangalam Cement 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 coming down

CCI has generated a buy signal for Mangalam Cement in short term but BUY signal is weak.

RSI is generating a BUY signal in short term and the buying is gaining 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 745.24 and Mangalam Cement (MANGLMCEM) 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 Cement (MANGLMCEM) stock. Volume based technical analysis of Mangalam Cement (MANGLMCEM) stock is negative.

Mangalam Cement 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.