MANKIND - Technical Analysis

Last Updated Time : 02 Aug 25, 12:58 am

Technical Rating: 3.8

Here’s a detailed technical breakdown of MANKIND Pharma Ltd based on the provided data and current chart indicators

📊 Trend Analysis

Current Price: ₹2,555

50 DMA: ₹2,490 | 200 DMA: ₹2,446 → Trading above both DMAs, indicating a mild uptrend.

RSI (53.0): Neutral zone, suggesting no overbought/oversold pressure.

MACD (47.6): Positive, but needs confirmation with signal line crossover.

Volume: Slightly below 1-week average, indicating reduced momentum.

📌 Trend Status: Consolidating with a slight bullish bias.

📈 Chart Patterns & Momentum Signals

Candlestick Patterns: Recent formations suggest indecision; no strong reversal signals.

Bollinger Bands: Price near mid-band, indicating low volatility and range-bound movement.

Volume Trend: Declining volume may signal lack of conviction in current price action.

🧭 Support & Resistance Zones

Level Price (₹) Notes

Support 1 2,510 Near recent pivot low

Support 2 2,445 200 DMA, strong base

Resistance 1 2,580 Minor swing high

Resistance 2 2,650 Trendline resistance

Major Resistance 2,900–3,055 52-week high zone

🎯 Entry & Exit Strategy

Optimal Entry Zone: ₹2,445–₹2,510 (on pullback near support)

Exit Zone: ₹2,580–₹2,650 (short-term resistance)

Stop Loss: ₹2,420 (below 200 DMA)

🧠 Summary

Momentum: Neutral to mildly bullish

Trend: Consolidating

Volatility: Low

Short-Term Outlook: Watch for breakout above ₹2,580 with volume confirmation

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