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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 2024-08-13 View latest technical analysis

10 day averaged volume of Mangalam Global is 172974

Date	Daily Closing Price	Open	High	Low	Volume
13 Tue Aug 2024	24.87	25.90	25.90	24.80	0.416 times
12 Mon Aug 2024	25.03	25.85	25.85	24.69	0.734 times
09 Fri Aug 2024	25.36	24.81	25.79	24.70	0.708 times
08 Thu Aug 2024	25.30	25.55	26.10	24.80	0.487 times
07 Wed Aug 2024	25.05	24.99	25.93	24.01	1.375 times
06 Tue Aug 2024	24.70	25.14	25.95	24.51	1.092 times
05 Mon Aug 2024	25.14	25.01	26.15	24.96	1.677 times
02 Fri Aug 2024	26.20	26.34	26.87	25.02	0.815 times
01 Thu Aug 2024	26.34	27.50	27.50	26.12	1.094 times
31 Wed Jul 2024	27.05	27.48	27.95	26.72	0.831 times

My analysis of stock is bearish for shortterm, and stock might move down till 23.3 or till 20.3. Use a stoploss of 25.8 and if the stock hits stoploss, then it can shoot up till 28.3

Share price targets for Mangalam Global (MGEL_BE)

Target Type	Value
Downside Target	12.65
Downside Target	13.25
Downside Target	16.95
Downside Target	17.75
Downside Target	21.35
Downside Target	24.01
Downside Target	24.69
Upside Target	25.80
Upside Target	26.29
Upside Target	27.50
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	24.41
Downside Intraday Target	23.94
Upside Intraday Target	25.62
Upside Intraday Target	26.36
Upside Intraday Target	25.15

Weekly technical analysis of Mangalam Global (MGEL_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
13 Tue Aug 2024	24.87	25.85	25.90	24.69	0.215 times
09 Fri Aug 2024	25.36	25.01	26.15	24.01	1.073 times
02 Fri Aug 2024	26.20	27.00	28.69	25.02	0.641 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

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
13 Tue Aug 2024	24.87	27.50	27.50	24.01	0.557 times
31 Wed Jul 2024	27.05	28.50	29.84	25.80	1.114 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

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_BE)

Price action analysis of Mangalam Global ( (MGEL_BE) ) based on a short term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

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

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

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 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

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 25.49 and Mangalam Global (MGEL_BE) 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_BE) stock. Volume based technical analysis of Mangalam Global (MGEL_BE) stock is negative.

Mangalam Global Stock has given negative 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.