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(MANGALAM) Mangalam Drug complete technical analysis [charts+indicators] | Buy/Sell Mangalam Drug | (MANGALAM) share price targets

Complete technical analysis of Mangalam Drug (MANGALAM) by charts plus indicators, forecast predictions and share price targets for Mangalam Drug (MANGALAM)

10 day averaged volume of Mangalam Drug is 88933

Date Daily Closing Price Open High Low Volume
22 Wed May 2024 118.05 104.00 118.05 104.00 8.362 times
21 Tue May 2024 98.40 101.00 101.00 97.05 0.324 times
20 Mon May 2024 101.30 100.00 104.50 98.00 0.11 times
17 Fri May 2024 99.80 99.85 100.15 99.30 0.087 times
16 Thu May 2024 99.40 99.45 100.55 98.75 0.114 times

Stock of Mangalam Drug (MANGALAM) has showed a significant upmove. This could be a good time to enter in this stock!

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 110.2, for a target of 104.8 or 100.37

Share price targets for Mangalam Drug (MANGALAM)

Target Type Value
Downside Target 90.80
Downside Target 92.85
Downside Target 95.00
Downside Target 97.00
Downside Target 99.15
Downside Target 105.40
Downside Target 107.40
Downside Target 114.00
Downside Target 118.05
Upside Target 124.70
Upside Target 132.45

Intraday share price targets for Mangalam Drug (MANGALAM)

Target Type Value
Downside Intraday Target 104.05
Downside Intraday Target 90.05
Upside Intraday Target 125.05
Upside Intraday Target 132.05
Downside Intraday Target 111.05

Weekly technical analysis of Mangalam Drug (MANGALAM)

Date Weekly Closing Price Open High Low Volume
22 Wed May 2024 118.05 100.00 118.05 97.05 12.585 times
17 Fri May 2024 99.80 95.95 101.50 95.00 0.538 times
10 Fri May 2024 95.95 101.50 103.60 95.00 0.716 times
03 Fri May 2024 101.30 101.90 105.40 99.15 1.149 times
26 Fri Apr 2024 100.70 100.05 103.50 99.60 1.405 times

Price has moved up this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Mangalam Drug (MANGALAM)

Date Monthly Closing Price Open High Low Volume
22 Wed May 2024 118.05 101.85 118.05 95.00 1.34 times
30 Tue Apr 2024 101.85 93.70 107.40 92.85 0.636 times
28 Thu Mar 2024 92.10 121.50 124.70 90.80 0.203 times
29 Thu Feb 2024 122.05 109.15 132.45 104.00 2.655 times

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 Drug (MANGALAM)

Indicator Name Indicator Value Indicator Signal
ADX 49, 9, 70 Buy
MACD 1, -1Buy
Stochastics 67None
CCI 304Buy
RSI 63Buy
OBV 770060Sell
VWAP 115Buy
ADL 0Sell
ROC 20Buy
Force Index 0Sell

Price action analysis of Mangalam Drug ( (MANGALAM) ) 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 Drug ( (MANGALAM) ) 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 Drug ( (MANGALAM) ) based on a short to mid 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 Drug ( (MANGALAM) ) 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 Drug stock for short term is BUY. Signal strength is Strong and stock is gaining momentum.

MACD generated a BUY signal for Mangalam Drug 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 Drug 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. 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 Drug in short term and BUY 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 Drug is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 114.75 and Mangalam Drug (MANGALAM) 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 Drug (MANGALAM) stock. Volume based technical analysis of Mangalam Drug (MANGALAM) stock is negative.

Mangalam Drug 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.

Click here for Mangalam Drug charts

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