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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 2024-02-27 View latest technical analysis

10 day averaged volume of Mangalam Global is 350576

Date	Daily Closing Price	Open	High	Low	Volume
27 Tue Feb 2024	21.25	22.25	22.60	21.00	0.637 times
26 Mon Feb 2024	22.15	23.00	23.20	22.00	0.645 times
23 Fri Feb 2024	22.30	23.10	23.65	22.20	0.696 times
22 Thu Feb 2024	23.05	23.25	23.90	22.75	0.655 times
21 Wed Feb 2024	23.15	24.20	24.85	23.00	1.622 times
20 Tue Feb 2024	23.85	22.95	24.05	22.45	2.772 times
19 Mon Feb 2024	22.55	22.45	22.70	22.05	0.482 times
16 Fri Feb 2024	22.10	22.00	22.95	21.60	1.198 times
15 Thu Feb 2024	21.90	22.20	22.40	21.60	0.535 times
14 Wed Feb 2024	22.30	20.00	22.30	20.00	0.889 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 21.2 as stoploss in an intra day buy trade for a target of 22.06. However, stock will show a bearish move below 21.2.

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
Upside 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	20.43
Downside Intraday Target	19.62
Upside Intraday Target	22.63
Upside Intraday Target	24.02
Upside Intraday Target	21.82

Weekly technical analysis of Mangalam Global (MGEL)

Date	Weekly Closing Price	Open	High	Low	Volume
27 Tue Feb 2024	21.25	23.00	23.20	21.00	0.206 times
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

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 Global (MGEL)

Date	Monthly Closing Price	Open	High	Low	Volume
27 Tue Feb 2024	21.25	22.40	24.95	20.00	0.58 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 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 Global (MGEL)

Price action analysis of Mangalam Global ( (MGEL) ) 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 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 to mid 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 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 Weak 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. Bears are getting stronger in this stock.

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 and SELL signal is strong!

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 Global is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 22.8 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 positive

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