Daily Technical Analysis Weekly Analysis Monthly Analysis Renko chart MACD chart Bollinger Bands chart Stochastics charts Force Index charts

(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 2024-09-10 View latest technical analysis

10 day averaged volume of Mangalam Global is 115476

Date	Daily Closing Price	Open	High	Low	Volume
10 Tue Sep 2024	24.37	24.46	24.97	24.00	0.769 times
09 Mon Sep 2024	24.46	24.30	25.38	24.30	0.613 times
06 Fri Sep 2024	25.28	24.89	25.39	24.00	2.778 times
05 Thu Sep 2024	24.19	24.15	24.94	24.00	0.887 times
04 Wed Sep 2024	24.15	24.79	24.79	23.85	0.458 times
03 Tue Sep 2024	24.40	25.22	25.22	24.25	0.683 times
02 Mon Sep 2024	24.73	25.00	25.84	24.70	0.542 times
30 Fri Aug 2024	25.47	24.74	25.99	24.11	1.083 times
29 Thu Aug 2024	24.91	23.67	25.17	23.67	1.33 times
28 Wed Aug 2024	24.92	25.68	25.68	24.80	0.654 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 24.5, but if it comes above 24.5, then a intra day buy could be more profitable.
If you take a sell trade below 24.5, then use 24.5 as stoploss and 23.9 as target. However if you take a buy trade in stock , then use 24.5 as stoploss and 24.91 as target.

Share price targets for Mangalam Global (MGEL_BE)

Target Type	Value
Downside Target	12.65
Downside Target	13.25
Downside Target	17.00
Downside Target	17.75
Downside Target	23.67
Upside Target	25.38
Upside Target	25.84
Upside Target	25.90
Upside Target	26.10
Upside Target	26.29
Upside Target	27.50
Upside Target	29.84

Intraday share price targets for Mangalam Global (MGEL_BE)

Target Type	Value
Downside Intraday Target	23.79
Downside Intraday Target	23.2
Upside Intraday Target	25.17
Upside Intraday Target	25.96
Upside Intraday Target	24.58

Weekly technical analysis of Mangalam Global (MGEL_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
10 Tue Sep 2024	24.37	24.30	25.38	24.00	0.258 times
06 Fri Sep 2024	25.28	25.00	25.84	23.85	1.021 times
30 Fri Aug 2024	25.47	26.10	26.10	23.67	1.214 times
23 Fri Aug 2024	25.56	25.10	26.29	24.20	1.277 times
16 Fri Aug 2024	24.87	25.85	25.90	23.85	0.423 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
10 Tue Sep 2024	24.37	25.00	25.84	23.85	0.283 times
30 Fri Aug 2024	25.47	27.50	27.50	23.67	1.054 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

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 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 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 gaining 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 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

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 24.86 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 negative.

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