(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 174441
| Date | Daily Closing Price | Open | High | Low | Volume |
| 31 Fri May 2024 | 101.30 | 101.25 | 103.50 | 100.30 | 0.181 times |
| 30 Thu May 2024 | 101.25 | 103.80 | 103.90 | 100.80 | 0.2 times |
| 29 Wed May 2024 | 102.90 | 103.95 | 106.20 | 102.35 | 0.327 times |
| 28 Tue May 2024 | 103.95 | 107.95 | 108.20 | 103.05 | 0.344 times |
| 27 Mon May 2024 | 106.70 | 106.30 | 109.20 | 106.20 | 0.438 times |
My analysis of stock is bearish for shortterm, and stock might move down till 96.2 or till 89.4. Use a stoploss of 101.78 and if the stock hits stoploss, then it can shoot up till 107.4
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 |
| Upside Target | 103.60 |
| Upside Target | 107.40 |
| Upside Target | 109.20 |
| Upside Target | 114.00 |
| Upside Target | 124.70 |
| Upside Target | 127.00 |
| Upside Target | 132.45 |
Intraday share price targets for Mangalam Drug (MANGALAM)
| Target Type | Value |
| Downside Intraday Target | 98 |
| Downside Intraday Target | 94.7 |
| Upside Intraday Target | 106.9 |
| Upside Intraday Target | 112.5 |
| Upside Intraday Target | 103.6 |
Weekly technical analysis of Mangalam Drug (MANGALAM)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 31 Fri May 2024 | 101.30 | 106.30 | 109.20 | 100.30 | 0.175 times |
| 24 Fri May 2024 | 107.25 | 100.00 | 127.00 | 97.05 | 23.884 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 |
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 Drug (MANGALAM)
| Date | Monthly Closing Price | Open | High | Low | Volume |
| 31 Fri May 2024 | 101.30 | 101.85 | 127.00 | 95.00 | 2.61 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 down this month, and volume has increased substantially. This means that the move can continue in coming months.
Indicators analysis of Mangalam Drug (MANGALAM)
| Indicator Name | Indicator Value | Indicator Signal |
| ADX | 32, 20, 23 | Buy |
| MACD | 1, 1 | Sell |
| Stochastics | 16 | Sell |
| CCI | -61 | Sell |
| RSI | 56 | Buy |
| OBV | -231295 | Sell |
| VWAP | 113 | Sell |
| ADL | 0 | Sell |
| ROC | 2 | Buy |
| Force Index | 0 | Sell |
Price action analysis of Mangalam Drug ( (MANGALAM) ) 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 Drug ( (MANGALAM) ) 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 Drug ( (MANGALAM) ) 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 Drug ( (MANGALAM) ) based on a mid to longer 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.
ADX buy sell signal for Mangalam Drug stock for short term is BUY. Signal strength is Strong and stock is losing momentum.
MACD generated a SELL signal for Mangalam Drug in short term but the sell signal is initial and weak.
Mangalam Drug Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears 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 SELL signal for Mangalam Drug in short term and SELL 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 Drug is picking up selling momentum according to indicator.
Volume based indicators are showing selling momentum.
Volume Weighted Averaged Price (VWAP) for short term is 113.19 and Mangalam Drug (MANGALAM) 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 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.
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