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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 2024-03-12 View latest technical analysis

10 day averaged volume of Mangalam Global is 340314

Date	Daily Closing Price	Open	High	Low	Volume
12 Tue Mar 2024	19.85	20.45	21.20	19.05	0.838 times
11 Mon Mar 2024	20.00	21.00	21.60	19.80	0.823 times
07 Thu Mar 2024	21.05	20.00	21.80	19.90	0.948 times
06 Wed Mar 2024	20.00	20.85	21.10	19.70	0.894 times
05 Tue Mar 2024	20.85	21.00	21.40	20.60	0.351 times
04 Mon Mar 2024	20.95	22.00	22.20	20.80	0.689 times
02 Sat Mar 2024	22.00	21.80	22.25	20.55	0.496 times
01 Fri Mar 2024	21.20	22.20	22.90	21.05	1.513 times
29 Thu Feb 2024	22.20	20.50	22.20	20.05	2.437 times
28 Wed Feb 2024	20.20	21.40	21.75	19.80	1.194 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 20.5, but if it comes above 20.5, then a intra day buy could be more profitable.
If you take a sell trade below 20.5, then use 20.5 as stoploss and 19.2 as target. However if you take a buy trade in stock , then use 20.5 as stoploss and 21.65 as target.

Share price targets for Mangalam Global (MGEL)

Target Type	Value
Downside Target	15.80
Downside Target	18.55
Downside Target	19.05
Downside Target	19.60
Upside Target	21.60
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	18.73
Downside Intraday Target	17.62
Upside Intraday Target	21.28
Upside Intraday Target	22.72
Upside Intraday Target	20.17

Weekly technical analysis of Mangalam Global (MGEL)

Date	Weekly Closing Price	Open	High	Low	Volume
12 Tue Mar 2024	19.85	21.00	21.60	19.05	0.576 times
07 Thu Mar 2024	21.05	22.00	22.20	19.70	0.414 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

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
12 Tue Mar 2024	19.85	22.20	22.90	19.05	0.245 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 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 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 and the sell signal is strong.

Mangalam Global Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!

Ichimoku cloud is of red color and prices are below the red 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 and the buying is gaining 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 21 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.