Daily Technical Analysis Weekly Analysis Monthly Analysis Renko chart MACD chart Bollinger Bands chart Stochastics charts Force Index charts

(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 2024-03-14 View latest technical analysis

10 day averaged volume of Mangalam Global is 335308

Date	Daily Closing Price	Open	High	Low	Volume
14 Thu Mar 2024	19.35	17.95	19.70	17.90	0.635 times
13 Wed Mar 2024	17.95	19.90	20.70	17.90	0.878 times
12 Tue Mar 2024	19.85	20.45	21.20	19.05	0.851 times
11 Mon Mar 2024	20.00	21.00	21.60	19.80	0.835 times
07 Thu Mar 2024	21.05	20.00	21.80	19.90	0.962 times
06 Wed Mar 2024	20.00	20.85	21.10	19.70	0.908 times
05 Tue Mar 2024	20.85	21.00	21.40	20.60	0.356 times
04 Mon Mar 2024	20.95	22.00	22.20	20.80	0.699 times
02 Sat Mar 2024	22.00	21.80	22.25	20.55	0.503 times
01 Fri Mar 2024	21.20	22.20	22.90	21.05	1.535 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 19.9, but if it comes above 19.9, then a intra day buy could be more profitable.
If you take a sell trade below 19.9, then use 19.9 as stoploss and 18.2 as target. However if you take a buy trade in stock , then use 19.9 as stoploss and 21.3 as target.

Share price targets for Mangalam Global (MGEL)

Target Type	Value
Downside Target	15.80
Downside Target	17.90
Downside Target	18.55
Upside 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	17.63
Downside Intraday Target	15.92
Upside Intraday Target	21.33
Upside Intraday Target	23.32
Upside Intraday Target	19.62

Weekly technical analysis of Mangalam Global (MGEL)

Date	Weekly Closing Price	Open	High	Low	Volume
14 Thu Mar 2024	19.35	21.00	21.60	17.90	1.093 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
14 Thu Mar 2024	19.35	22.20	22.90	17.90	0.301 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 Strong and stock is losing 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 moving up

CCI has generated a buy signal for Mangalam Global in short term but BUY signal is weak.

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 20.3 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.