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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)

10 day averaged volume of Mangalam Global is 210126

Date	Daily Closing Price	Open	High	Low	Volume
16 Tue Apr 2024	18.35	18.00	19.00	18.00	0.97 times
15 Mon Apr 2024	18.50	19.50	19.50	17.50	0.99 times
12 Fri Apr 2024	19.70	20.35	20.45	19.60	0.634 times
10 Wed Apr 2024	20.15	20.30	20.75	19.80	0.754 times
09 Tue Apr 2024	20.25	20.75	20.75	20.10	1.453 times
08 Mon Apr 2024	20.35	20.60	21.40	19.80	0.882 times
05 Fri Apr 2024	20.50	19.80	21.20	19.80	2.387 times
04 Thu Apr 2024	19.50	19.80	19.80	19.35	0.714 times
03 Wed Apr 2024	19.55	19.80	19.85	19.50	0.668 times
02 Tue Apr 2024	19.65	19.90	20.00	19.45	0.718 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 18.4, for a target of 19.3 or 20.02

Share price targets for Mangalam Global (MGEL)

Target Type	Value
Downside Target	16.05
Downside Target	17.50
Downside Target	17.90
Upside Target	19.20
Upside Target	20.60
Upside Target	21.20
Upside Target	21.40
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	17.4
Downside Intraday Target	16.45
Upside Intraday Target	19.4
Upside Intraday Target	20.45
Upside Intraday Target	18.45

Weekly technical analysis of Mangalam Global (MGEL)

Date	Weekly Closing Price	Open	High	Low	Volume
16 Tue Apr 2024	18.35	19.50	19.50	17.50	0.527 times
12 Fri Apr 2024	19.70	20.60	21.40	19.60	0.704 times
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

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
16 Tue Apr 2024	18.35	19.95	21.40	17.50	0.437 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 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 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 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 negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this 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 getting stronger in this stock.

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 19.78 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.