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

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

Showing technical analysis as on 2021-04-08 View latest technical analysis

10 day averaged volume of Mangalam Global is 3421

Date Daily Closing Price Open High Low Volume
08 Thu Apr 2021 47.35 46.70 48.50 45.00 0.85 times
07 Wed Apr 2021 45.45 46.40 46.40 45.00 1.213 times
06 Tue Apr 2021 45.35 44.55 46.30 38.55 1.361 times
05 Mon Apr 2021 46.00 47.00 47.00 45.20 0.714 times
01 Thu Apr 2021 46.25 46.20 46.50 46.20 0.95 times
31 Wed Mar 2021 45.80 45.90 46.00 45.75 0.802 times
30 Tue Mar 2021 46.10 46.00 46.45 44.50 1.994 times
26 Fri Mar 2021 45.65 46.80 46.80 44.00 0.699 times
25 Thu Mar 2021 45.05 44.95 45.85 44.95 0.146 times
24 Wed Mar 2021 45.10 45.10 45.80 44.95 0.872 times

Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 47.5, for a target of 46.6 or 45.83

Share price targets for Mangalam Global (MGEL)

Target Type Value
Downside Target 35.20
Downside Target 38.05
Downside Target 43.25
Downside Target 46.50
Upside Target 48.50
Upside Target 48.70
Upside Target 49.95
Upside Target 50.00
Upside Target 55.55
Upside Target 56.95

Intraday share price targets for Mangalam Global (MGEL)

Target Type Value
Downside Intraday Target 41.1
Downside Intraday Target 34.85
Upside Intraday Target 51.05
Upside Intraday Target 54.75
Downside Intraday Target 44.8

Weekly technical analysis of Mangalam Global (MGEL)

Date Weekly Closing Price Open High Low Volume
08 Thu Apr 2021 47.35 47.00 48.50 38.55 1.105 times
01 Thu Apr 2021 46.25 46.00 46.50 44.50 0.818 times
26 Fri Mar 2021 45.65 48.70 48.70 38.25 0.706 times
19 Fri Mar 2021 46.75 45.40 48.70 44.00 1.166 times
12 Fri Mar 2021 45.70 46.95 46.95 44.30 0.109 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 Global (MGEL)

Date Monthly Closing Price Open High Low Volume
08 Thu Apr 2021 47.35 46.20 48.50 38.55 0.072 times
31 Wed Mar 2021 45.80 46.10 50.00 38.25 0.861 times
25 Thu Feb 2021 46.25 47.20 49.95 38.05 1.074 times
29 Fri Jan 2021 46.05 50.00 55.55 43.25 2.386 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 Global (MGEL)

Indicator Name Indicator Value Indicator Signal
ADX 14, 36, 43 Sell
MACD -0, -0Buy
Stochastics 79Buy
CCI 155Buy
RSI 54Buy
OBV 8423Sell
VWAP 46Buy
ADL 0Sell
ROC 1Buy
Force Index 0Sell

Price action analysis of Mangalam Global ( (MGEL) ) based on a short term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

Price action analysis of Mangalam Global ( (MGEL) ) based on a short term time period is

Price action analysis of Mangalam Global ( (MGEL) ) based on a short to mid term time period is

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

MACD generated a BUY signal for Mangalam Global 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 Global Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! 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 moving up

CCI has generated a buy signal for Mangalam Global 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 negative zone. This is the SELL zone

Stock of Mangalam Global is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 45.86 and Mangalam Global (MGEL) 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 Global (MGEL) stock. Volume based technical analysis of Mangalam Global (MGEL) stock is negative.

Mangalam Global 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.

Click here for Mangalam Global charts

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Daily charts

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