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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 2024-03-06 View latest technical analysis

10 day averaged volume of Mangalam Global is 319604

Date	Daily Closing Price	Open	High	Low	Volume
06 Wed Mar 2024	20.00	20.85	21.10	19.70	0.952 times
05 Tue Mar 2024	20.85	21.00	21.40	20.60	0.373 times
04 Mon Mar 2024	20.95	22.00	22.20	20.80	0.734 times
02 Sat Mar 2024	22.00	21.80	22.25	20.55	0.528 times
01 Fri Mar 2024	21.20	22.20	22.90	21.05	1.611 times
29 Thu Feb 2024	22.20	20.50	22.20	20.05	2.595 times
28 Wed Feb 2024	20.20	21.40	21.75	19.80	1.272 times
27 Tue Feb 2024	21.25	22.25	22.60	21.00	0.698 times
26 Mon Feb 2024	22.15	23.00	23.20	22.00	0.708 times
23 Fri Feb 2024	22.30	23.10	23.65	22.20	0.764 times

Although my analysis for stock is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 19.5, for a target of 20.8 or 21.76

Share price targets for Mangalam Global (MGEL)

Target Type	Value
Downside Target	15.80
Downside Target	18.55
Downside Target	19.60
Upside Target	22.05
Upside Target	22.20
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	19.07
Downside Intraday Target	18.13
Upside Intraday Target	21.57
Upside Intraday Target	23.13
Upside Intraday Target	20.63

Weekly technical analysis of Mangalam Global (MGEL)

Date	Weekly Closing Price	Open	High	Low	Volume
06 Wed Mar 2024	20.00	22.00	22.20	19.70	0.278 times
02 Sat Mar 2024	22.00	23.00	23.20	19.80	1.085 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

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
06 Wed Mar 2024	20.00	22.20	22.90	19.70	0.148 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
29 Fri Dec 2023	16.55	17.25	19.60	16.05	1.024 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 negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

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 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 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 SELL. Signal strength is Weak and stock is gaining momentum.

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

Mangalam Global Stock is trading near its recent LOWS in short term which reflects strong selling momentum. 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 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 21.38 and Mangalam Global (MGEL) 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 Global (MGEL) stock. Volume based technical analysis of Mangalam Global (MGEL) stock is negative.

Mangalam Global 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.