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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 2024-02-23 View latest technical analysis

10 day averaged volume of Mangalam Global is 357614

Date	Daily Closing Price	Open	High	Low	Volume
23 Fri Feb 2024	22.30	23.10	23.65	22.20	0.682 times
22 Thu Feb 2024	23.05	23.25	23.90	22.75	0.642 times
21 Wed Feb 2024	23.15	24.20	24.85	23.00	1.59 times
20 Tue Feb 2024	23.85	22.95	24.05	22.45	2.717 times
19 Mon Feb 2024	22.55	22.45	22.70	22.05	0.473 times
16 Fri Feb 2024	22.10	22.00	22.95	21.60	1.175 times
15 Thu Feb 2024	21.90	22.20	22.40	21.60	0.525 times
14 Wed Feb 2024	22.30	20.00	22.30	20.00	0.872 times
13 Tue Feb 2024	20.30	20.90	20.90	20.00	0.494 times
12 Mon Feb 2024	20.90	22.45	22.45	20.30	0.644 times

My analysis of stock is bullish for shortterm, and stock might move up till 22.9 or till 24. Use a stoploss of 22.03 and if this stock hits its stoploss, then it can fall down till 21.13

Share price targets for Mangalam Global (MGEL)

Target Type	Value
Downside Target	15.05
Downside Target	15.80
Downside Target	17.40
Downside Target	18.55
Downside Target	19.60
Downside Target	20.00
Downside Target	22.05
Upside Target	22.90
Upside Target	22.95
Upside Target	23.20
Upside Target	24.85
Upside Target	24.95

Intraday share price targets for Mangalam Global (MGEL)

Target Type	Value
Downside Intraday Target	21.28
Downside Intraday Target	20.27
Upside Intraday Target	24.08
Upside Intraday Target	25.87
Upside Intraday Target	23.07

Weekly technical analysis of Mangalam Global (MGEL)

Date	Weekly Closing Price	Open	High	Low	Volume
23 Fri Feb 2024	22.30	22.45	24.85	22.05	1.646 times
16 Fri Feb 2024	22.10	22.45	22.95	20.00	0.413 times
09 Fri Feb 2024	21.95	22.50	24.95	20.20	1.534 times
02 Fri Feb 2024	21.65	20.75	22.90	20.60	1.584 times
25 Thu Jan 2024	20.75	20.50	21.00	18.85	0.755 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
23 Fri Feb 2024	22.30	22.40	24.95	20.00	0.547 times
31 Wed Jan 2024	21.95	16.90	23.20	16.10	2.515 times
29 Fri Dec 2023	16.55	17.25	19.60	16.05	1.024 times
30 Thu Nov 2023	16.70	16.80	18.55	15.80	2.629 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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

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 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 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 Global stock for short term is BUY. Signal strength is Strong and stock is losing momentum.

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

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 tired and bears 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 SELL signal for Mangalam Global 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 positive zone. This is a BUY 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 22.69 and Mangalam Global (MGEL) stock is trading below this level. This means that stock is falling with high volumes. 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 negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.