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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 2024-08-20 View latest technical analysis

10 day averaged volume of Mangalam Global is 140148

Date	Daily Closing Price	Open	High	Low	Volume
20 Tue Aug 2024	25.06	24.56	25.28	24.56	0.765 times
19 Mon Aug 2024	24.79	25.10	25.29	24.20	0.626 times
16 Fri Aug 2024	24.87	24.72	25.50	24.18	0.529 times
14 Wed Aug 2024	24.72	24.11	25.40	23.85	0.837 times
13 Tue Aug 2024	24.87	25.90	25.90	24.80	0.513 times
12 Mon Aug 2024	25.03	25.85	25.85	24.69	0.906 times
09 Fri Aug 2024	25.36	24.81	25.79	24.70	0.874 times
08 Thu Aug 2024	25.30	25.55	26.10	24.80	0.601 times
07 Wed Aug 2024	25.05	24.99	25.93	24.01	1.696 times
06 Tue Aug 2024	24.70	25.14	25.95	24.51	1.347 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 24.8 as stoploss in an intra day buy trade for a target of 25.91. However, stock will show a bearish move below 24.8.

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	23.85
Downside Target	25.02
Upside Target	25.80
Upside Target	25.90
Upside Target	26.15
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	23.76
Upside Intraday Target	25.5
Upside Intraday Target	25.94
Downside Intraday Target	24.85

Weekly technical analysis of Mangalam Global (MGEL_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
20 Tue Aug 2024	25.06	25.10	25.29	24.20	0.499 times
16 Fri Aug 2024	24.87	25.85	25.90	23.85	0.423 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

Price has moved up 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
20 Tue Aug 2024	25.06	27.50	27.50	23.85	0.705 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 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 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 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 SELL. Signal strength is Weak and stock is losing momentum.

MACD generated a SELL signal for Mangalam Global in short term but the sell 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. Bears are weakening, and bulls are picking up momentum!

Ichimoku cloud is of green color and prices are in or below the green cloud Prices appear to be moving up

CCI has generated a buy signal for Mangalam Global in short term but BUY 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 24.97 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 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.