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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 2024-10-17 View latest technical analysis

10 day averaged volume of Mangalam Global is 155319

Date	Daily Closing Price	Open	High	Low	Volume
17 Thu Oct 2024	26.60	26.99	27.29	26.01	1.558 times
16 Wed Oct 2024	26.75	26.95	27.28	26.55	1.253 times
15 Tue Oct 2024	26.78	27.00	27.00	26.52	0.539 times
14 Mon Oct 2024	26.72	27.00	27.20	26.06	1.698 times
11 Fri Oct 2024	26.70	26.95	27.00	25.76	1.012 times
10 Thu Oct 2024	26.26	25.20	26.84	25.20	1.852 times
09 Wed Oct 2024	25.58	23.70	25.70	23.70	1.123 times
08 Tue Oct 2024	24.48	22.90	24.80	22.90	0.27 times
07 Mon Oct 2024	23.84	24.57	24.80	23.73	0.706 times
04 Fri Oct 2024	24.98	25.06	25.89	24.80	0.426 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 26.3, but if it comes below 26.3, then a intra day sell could be more profitable.
If you take a sell trade below 26.3, then use 26.3 as stoploss and 25.41 as target. However if you take a buy trade in stock , then use 26.3 as stoploss and 27.5 as target.

Share price targets for Mangalam Global (MGEL_BE)

Target Type	Value
Downside Target	12.65
Downside Target	17.00
Downside Target	22.90
Downside Target	23.67
Downside Target	24.75
Downside Target	25.80
Downside Target	26.19
Upside Target	26.93
Upside Target	27.00
Upside Target	27.29
Upside Target	27.50
Upside Target	29.84

Intraday share price targets for Mangalam Global (MGEL_BE)

Target Type	Value
Downside Intraday Target	25.98
Downside Intraday Target	25.35
Upside Intraday Target	27.26
Upside Intraday Target	27.91
Upside Intraday Target	26.63

Weekly technical analysis of Mangalam Global (MGEL_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
17 Thu Oct 2024	26.60	27.00	27.29	26.01	1.017 times
11 Fri Oct 2024	26.70	24.57	27.00	22.90	1.143 times
04 Fri Oct 2024	24.98	25.39	26.00	24.75	0.588 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

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
17 Thu Oct 2024	26.60	25.88	27.29	22.90	0.653 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 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 to mid 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 mid to longer term time period is neutral. A longer time frame might give a better analysis.

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 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 and the buying is gaining 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 26.18 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.