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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)

10 day averaged volume of Mangalam Global is 173851

Date	Daily Closing Price	Open	High	Low	Volume
26 Fri Apr 2024	23.25	19.75	23.25	19.30	6.704 times
25 Thu Apr 2024	19.40	19.00	20.35	18.80	2.102 times
24 Wed Apr 2024	19.10	18.70	19.35	18.65	0.646 times
23 Tue Apr 2024	18.55	18.80	19.25	18.40	1.3 times
22 Mon Apr 2024	18.75	19.10	19.30	18.65	0.368 times
19 Fri Apr 2024	18.75	19.30	19.30	18.40	0.605 times
18 Thu Apr 2024	19.15	18.50	19.50	18.35	0.933 times
16 Tue Apr 2024	18.35	18.00	19.00	18.00	1.173 times
15 Mon Apr 2024	18.50	19.50	19.50	17.50	1.196 times
12 Fri Apr 2024	19.70	20.35	20.45	19.60	0.766 times

Stock of Mangalam Global (MGEL) has showed a significant upmove. This could be a good time to enter in this stock!

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 21.9, for a target of 20.6 or 19.61

Share price targets for Mangalam Global (MGEL)

Target Type	Value
Downside Target	16.05
Downside Target	17.50
Downside Target	17.90
Downside Target	18.40
Downside Target	19.20
Downside Target	20.60
Downside Target	21.20
Downside Target	21.40
Downside Target	22.90
Downside Target	23.20
Downside Target	23.25
Upside Target	24.95

Intraday share price targets for Mangalam Global (MGEL)

Target Type	Value
Downside Intraday Target	20.02
Downside Intraday Target	16.78
Upside Intraday Target	24.87
Upside Intraday Target	26.48
Downside Intraday Target	21.63

Weekly technical analysis of Mangalam Global (MGEL)

Date	Weekly Closing Price	Open	High	Low	Volume
26 Fri Apr 2024	23.25	19.10	23.25	18.40	2.846 times
19 Fri Apr 2024	18.75	19.50	19.50	17.50	0.869 times
12 Fri Apr 2024	19.70	20.60	21.40	19.60	0.704 times
05 Fri Apr 2024	20.50	19.95	21.20	19.35	2.076 times
28 Thu Mar 2024	19.65	20.40	20.60	19.20	0.333 times

Price has moved up this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Mangalam Global (MGEL)

Date	Monthly Closing Price	Open	High	Low	Volume
26 Fri Apr 2024	23.25	19.95	23.25	17.50	0.854 times
28 Thu Mar 2024	19.65	22.20	22.90	17.90	0.58 times
29 Thu Feb 2024	22.20	22.40	24.95	19.80	0.671 times
31 Wed Jan 2024	21.95	16.90	23.20	16.10	2.515 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)

Price action analysis of Mangalam Global ( (MGEL) ) 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 Global ( (MGEL) ) based on a short to mid term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

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 BUY. Signal strength is Strong and stock is gaining 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 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 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 20.77 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 rising upwards.

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.