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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 2024-10-01 View latest technical analysis

10 day averaged volume of Mangalam Global is 180012

Date	Daily Closing Price	Open	High	Low	Volume
01 Tue Oct 2024	25.70	25.88	26.00	24.75	1.751 times
30 Mon Sep 2024	25.16	25.39	25.39	25.00	0.66 times
27 Fri Sep 2024	25.09	23.90	25.11	23.11	2.032 times
26 Thu Sep 2024	23.92	25.27	25.27	23.58	1.045 times
25 Wed Sep 2024	24.83	24.82	25.50	24.25	0.808 times
24 Tue Sep 2024	24.93	25.00	25.80	24.50	1.507 times
23 Mon Sep 2024	25.25	24.46	25.67	24.25	0.977 times
20 Fri Sep 2024	24.45	24.68	25.49	24.00	0.588 times
19 Thu Sep 2024	24.49	25.25	25.60	23.75	0.916 times
18 Wed Sep 2024	25.00	24.95	25.46	24.50	0.623 times

Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 25.9, for a target of 25.3 or 24.83

Share price targets for Mangalam Global (MGEL_BE)

Target Type	Value
Downside Target	12.65
Downside Target	17.00
Downside Target	23.11
Downside Target	23.67
Downside Target	24.75
Upside Target	25.80
Upside Target	26.00
Upside Target	26.19
Upside Target	26.93
Upside Target	27.50
Upside Target	29.84

Intraday share price targets for Mangalam Global (MGEL_BE)

Target Type	Value
Downside Intraday Target	24.97
Downside Intraday Target	24.23
Upside Intraday Target	26.22
Upside Intraday Target	26.73
Downside Intraday Target	25.48

Weekly technical analysis of Mangalam Global (MGEL_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
01 Tue Oct 2024	25.70	25.39	26.00	24.75	0.379 times
27 Fri Sep 2024	25.09	24.46	25.80	23.11	1.731 times
20 Fri Sep 2024	24.45	25.45	26.19	23.75	0.967 times
13 Fri Sep 2024	24.95	24.30	26.93	23.90	1.109 times
06 Fri Sep 2024	25.28	25.00	25.84	23.85	1.021 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
01 Tue Oct 2024	25.70	25.88	26.00	24.75	0.098 times
30 Mon Sep 2024	25.16	25.00	26.93	23.11	1.176 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

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 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 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 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 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 stronger in this stock.

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

CCI has generated a buy signal for Mangalam Global in short term and BUY signal is strong.

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 24.96 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.