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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 2024-04-05 View latest technical analysis

10 day averaged volume of Mangalam Global is 219801

Date	Daily Closing Price	Open	High	Low	Volume
05 Fri Apr 2024	20.50	19.80	21.20	19.80	2.282 times
04 Thu Apr 2024	19.50	19.80	19.80	19.35	0.683 times
03 Wed Apr 2024	19.55	19.80	19.85	19.50	0.639 times
02 Tue Apr 2024	19.65	19.90	20.00	19.45	0.687 times
01 Mon Apr 2024	19.75	19.95	20.20	19.55	0.766 times
28 Thu Mar 2024	19.65	20.10	20.10	19.45	0.303 times
27 Wed Mar 2024	19.40	19.80	20.60	19.20	0.683 times
26 Tue Mar 2024	20.15	20.40	20.50	19.65	1.449 times
22 Fri Mar 2024	20.15	21.10	21.25	19.80	1.687 times
21 Thu Mar 2024	20.90	21.50	21.50	20.85	1.291 times

Stock of Mangalam Global (MGEL) has showed a significant upmove. This could be a good time to enter in this stock!

My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 20.8 as stoploss in an intra day sell trade for a target of 20.06. However, stock will show a bullish move above 20.8.

Share price targets for Mangalam Global (MGEL)

Target Type	Value
Downside Target	16.05
Downside Target	17.90
Downside Target	19.20
Upside Target	20.60
Upside Target	21.20
Upside Target	21.60
Upside Target	22.20
Upside Target	22.30
Upside Target	22.90
Upside Target	23.20
Upside Target	24.95

Intraday share price targets for Mangalam Global (MGEL)

Target Type	Value
Downside Intraday Target	19.5
Downside Intraday Target	18.5
Upside Intraday Target	21.35
Upside Intraday Target	22.2
Downside Intraday Target	20.35

Weekly technical analysis of Mangalam Global (MGEL)

Date	Weekly Closing Price	Open	High	Low	Volume
05 Fri Apr 2024	20.50	19.95	21.20	19.35	2.076 times
28 Thu Mar 2024	19.65	20.40	20.60	19.20	0.333 times
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

Price has moved up this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Mangalam Global (MGEL)

Date	Monthly Closing Price	Open	High	Low	Volume
05 Fri Apr 2024	20.50	19.95	21.20	19.35	0.211 times
28 Thu Mar 2024	19.65	22.20	22.90	17.90	0.58 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

Scroll below to view daily charts

Price has moved up 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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

Price action analysis of Mangalam Global ( (MGEL) ) based on a short to mid 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 mid to longer term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

ADX buy sell signal for Mangalam Global stock for short term is BUY. Signal strength is Weak and stock is gaining momentum.

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

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

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 in or above the red cloud Prices appear to be moving up

CCI has generated a buy signal for Mangalam Global in short term and BUY signal is strong.

RSI is generating a BUY signal in short term and the buying is gaining 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 20.11 and Mangalam Global (MGEL) stock is trading above this level. This is a good sign for the stock and it could move higher. 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.