MANKIND - Technical Analysis with Chart Patterns & Indicators

Last Updated Time : 19 Sept 25, 2:16 pm

Technical Rating: 4.5

Here’s a detailed technical analysis of Mankind Pharma Ltd (MANKIND) based on current chart patterns and indicators

📊 Trend Overview

Current Trend: Bullish

Phase: Trending with strong short-term momentum

Bias: Positive, supported by price action above key moving averages and volume surge

52-Week Position: Trading at ~48.5% of its 52-week range (₹2,132 – ₹3,055), indicating room for upside

1

📈 Technical Indicators Analysis

🔹 Moving Averages

50 DMA: ₹2,538

200 DMA: ₹2,476

Current Price: ₹2,635

Price is above both DMAs → confirms bullish trend

Rising slope on both averages → momentum is accelerating

1

🔹 RSI (Relative Strength Index)

RSI: 62.5

Bullish zone, approaching overbought territory

Indicates strong buying interest with room for further upside

2

🔹 MACD (Moving Average Convergence Divergence)

MACD: 19.7

Strongly positive → confirms bullish momentum

Histogram widening → trend strength increasing

2

🔹 Bollinger Bands

Price near upper band → bullish breakout zone

Bands expanding → rising volatility, often precedes continuation

🔹 Volume Trends

Current Volume: 7.36 lakh

1-Week Avg Volume: 3.16 lakh

Volume spike confirms breakout strength

Institutional interest likely driving momentum

3

📌 Support & Resistance Levels

Level Price (₹) Commentary

Support 1 2,580 Minor pullback zone

Support 2 2,538 50 DMA, strong base

Resistance 1 2,700 Immediate resistance

Resistance 2 2,850 Intermediate ceiling

Resistance 3 3,055 52-week high, major breakout level

🎯 Entry & Exit Zones

Optimal Entry Zone: ₹2,580–₹2,600 (on pullback near support)

Exit Zone / Profit Booking: ₹2,850–₹3,055 (resistance and breakout target)

🔍 Momentum Signals

Short-Term: Strong bullish momentum with breakout potential

Medium-Term: Trending upward with confirmation from MACD and moving averages

Volume: High volume supports sustainability of move

🧭 Conclusion

MANKIND is currently trending upward, supported by bullish indicators across the board. Price action above moving averages, strong MACD, and expanding Bollinger Bands suggest continuation. Traders may consider entering on dips near ₹2,580 with targets around ₹2,850–₹3,055.

Sources

3

2

1

Would you like to compare this setup with other pharma stocks or set alerts for breakout confirmation?

1

stockpricearchive.com

2

justticks.in

3

www.livemint.com

Edit in a page