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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 2024-03-22 View latest technical analysis

10 day averaged volume of Mangalam Global is 302853

Date	Daily Closing Price	Open	High	Low	Volume
22 Fri Mar 2024	20.15	21.10	21.25	19.80	1.224 times
21 Thu Mar 2024	20.90	21.50	21.50	20.85	0.937 times
20 Wed Mar 2024	21.05	20.90	22.30	20.35	1.316 times
19 Tue Mar 2024	20.75	21.40	21.75	20.60	0.381 times
18 Mon Mar 2024	21.40	20.80	22.15	20.70	1.445 times
15 Fri Mar 2024	20.60	19.75	21.25	18.80	1.314 times
14 Thu Mar 2024	19.35	17.95	19.70	17.90	0.703 times
13 Wed Mar 2024	17.95	19.90	20.70	17.90	0.972 times
12 Tue Mar 2024	19.85	20.45	21.20	19.05	0.942 times
11 Mon Mar 2024	20.00	21.00	21.60	19.80	0.924 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 19.7 as stoploss in an intra day buy trade for a target of 20.69. However, stock will show a bearish move below 19.7.

Share price targets for Mangalam Global (MGEL)

Target Type	Value
Downside Target	15.80
Downside Target	17.90
Downside Target	18.55
Downside Target	19.60
Upside Target	21.60
Upside Target	22.05
Upside Target	22.20
Upside Target	22.30
Upside Target	22.90
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	19.2
Downside Intraday Target	18.25
Upside Intraday Target	21.7
Upside Intraday Target	23.25
Upside Intraday Target	20.75

Weekly technical analysis of Mangalam Global (MGEL)

Date	Weekly Closing Price	Open	High	Low	Volume
22 Fri Mar 2024	20.15	20.80	22.30	19.80	1.092 times
15 Fri Mar 2024	20.60	21.00	21.60	17.90	1.499 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

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
22 Fri Mar 2024	20.15	22.20	22.90	17.90	0.521 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 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 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 losing momentum.

MACD generated a BUY signal for Mangalam Global in short term but the buy 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 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 but SELL signal is weak.

RSI is generating a BUY signal in short term but buying is losing momentum.

MRSI is in negative zone. This is the SELL 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 20.29 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.