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(MGEL_BE) Mangalam Global complete technical analysis [charts+indicators] | Buy/Sell Mangalam Global | (MGEL_BE) share price targets

Complete technical analysis of Mangalam Global (MGEL_BE) by charts plus indicators, forecast predictions and share price targets for Mangalam Global (MGEL_BE)

Showing technical analysis as on 2024-07-29 View latest technical analysis

10 day averaged volume of Mangalam Global is 224824

Date	Daily Closing Price	Open	High	Low	Volume
29 Mon Jul 2024	27.14	27.00	28.69	26.50	0.806 times
26 Fri Jul 2024	27.89	26.51	28.37	26.40	2.674 times
25 Thu Jul 2024	27.04	27.50	27.50	26.11	0.53 times
24 Wed Jul 2024	27.28	26.80	28.00	26.80	0.638 times
23 Tue Jul 2024	27.35	27.50	27.50	26.20	1.007 times
22 Mon Jul 2024	27.34	25.82	27.50	25.80	1.118 times
19 Fri Jul 2024	26.42	27.68	28.10	26.29	1.664 times
18 Thu Jul 2024	27.68	28.50	29.84	27.68	1.607 times
20 Fri Oct 2023	15.85	15.80	16.00	15.50	0.192 times
19 Thu Oct 2023	15.55	14.80	15.65	14.60	0.303 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 26, but if it comes below 26, then a intra day sell could be more profitable.
If you take a sell trade below 26, then use 26 as stoploss and 20.32 as target. However if you take a buy trade in stock , then use 26 as stoploss and 32.8 as target.

Share price targets for Mangalam Global (MGEL_BE)

Target Type	Value
Downside Target	12.65
Downside Target	13.25
Downside Target	14.45
Downside Target	16.90
Downside Target	17.75
Downside Target	20.00
Downside Target	21.35
Downside Target	25.80
Downside Target	26.29
Downside Target	26.50
Upside Target	28.37
Upside Target	28.69
Upside Target	29.84

Intraday share price targets for Mangalam Global (MGEL_BE)

Target Type	Value
Downside Intraday Target	26.2
Downside Intraday Target	25.25
Upside Intraday Target	28.39
Upside Intraday Target	29.63
Upside Intraday Target	27.44

Weekly technical analysis of Mangalam Global (MGEL_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
29 Mon Jul 2024	27.14	27.00	28.69	26.50	0.135 times
26 Fri Jul 2024	27.89	25.82	28.37	25.80	1.824 times
19 Fri Jul 2024	26.42	28.50	29.84	26.29	1.897 times
20 Fri Oct 2023	15.85	16.80	17.00	14.60	0.461 times
13 Fri Oct 2023	16.25	16.00	17.00	14.45	0.756 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_BE)

Date	Monthly Closing Price	Open	High	Low	Volume
29 Mon Jul 2024	27.14	28.50	29.84	25.80	0.965 times
20 Fri Oct 2023	15.85	13.60	17.00	12.65	3.532 times
29 Fri Sep 2023	13.25	17.75	17.75	13.25	0.441 times
31 Thu Aug 2023	18.10	18.95	21.35	16.95	1.331 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_BE)

Price action analysis of Mangalam Global ( (MGEL_BE) ) 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_BE) ) based on a short term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

Price action analysis of Mangalam Global ( (MGEL_BE) ) 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_BE) ) 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 BUY. Signal strength is Strong and stock is gaining momentum.

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

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 HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears are picking up momentum.

Ichimoku cloud is of green color and prices are above the green 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

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 26.8 and Mangalam Global (MGEL_BE) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is rising upwards.

People seem to be coming out and selling the Mangalam Global (MGEL_BE) stock. Volume based technical analysis of Mangalam Global (MGEL_BE) stock is negative.

Mangalam Global Stock is giving positive returns over a short term period. Returns for a longer term period have been positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.