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Stock analysis Mangalam Cement Limited MANGLMCEM

More indepth analysis on MunafaSutra.com

Moving Averages for Mangalam Cement Limited

  • 5Day Average: 853.57
  • 12Day Average: 817
  • 20Day Average: 779.01
  • 50Day Average: 733.87
  • 100Day Average: 685.52
  • 150Day Average: 586.65
  • 200Day Average: 521.24

MANGLMCEM Indicators & signals

Indicator MACD (12,26,9)

821.06, 780.24, 32.08
Indicator MACD is in positive zone

Indicator ADX (14)

45.68, 27.37, 10.2
Indicator ADX is indicating that momentum is weak.
Indicator ADX is showing that momentum is towards buying

Indicator RSI (14)

Current RSI is: 55
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of MANGLMCEM Mangalam Cement Limited are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
23 Tue Apr 2024 860.90 849.95 to 871.55 0.97% 0.45 times
22 Mon Apr 2024 852.60 830.10 to 874.90 -0.38% 0.5 times
19 Fri Apr 2024 855.85 830.25 to 872.00 0.35% 0.69 times
18 Thu Apr 2024 852.90 845.30 to 877.95 0.86% 0.79 times
16 Tue Apr 2024 845.60 830.65 to 870.55 -1.24% 0.9 times
15 Mon Apr 2024 856.20 810.00 to 873.70 2.1% 1.79 times
12 Fri Apr 2024 838.60 812.00 to 848.00 3.18% 1.84 times
10 Wed Apr 2024 812.75 773.05 to 819.75 4.99% 2.22 times
09 Tue Apr 2024 774.10 760.05 to 777.65 1.67% 0.34 times
08 Mon Apr 2024 761.35 741.30 to 785.00 2.7% 0.65 times
05 Fri Apr 2024 741.30 739.50 to 756.00 -1.4% 0.27 times
04 Thu Apr 2024 751.80 735.05 to 763.00 -0.43% 0.29 times

Technical analysis forecast of Mangalam Cement Limited Stock is that its in a uptrend for shortterm, and I will avoid taking a SHORT or SELL trade in this stock. Look for opportunities to BUY or go LONG in Mangalam Cement Limited MANGLMCEM at this time. Stock is rising and might rise more.

It appears as if Mangalam Cement Limited MANGLMCEM gave a large move recently.

Stock of Mangalam Cement Limited (MANGLMCEM) is trading above an important moving average line, and it has been above this line for quite some time now. This is a good sign, and the stock might keep rising and move higher!

My analysis of Mangalam Cement Limited is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if Mangalam Cement Limited stays above 854, but if it comes below 854, then a intra day sell could be more profitable.
If you take a sell trade below 854, then use 854 as stoploss and 794.42 as target. However if you take a buy trade in Mangalam Cement Limited, then use 854 as stoploss and 925.4 as target.

More indepth analysis on MunafaSutra.com