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(MGL) Mahanagar Gas complete technical analysis [charts+indicators] | Buy/Sell Mahanagar Gas | (MGL) share price targets

Complete technical analysis of Mahanagar Gas (MGL) by charts plus indicators, forecast predictions and share price targets for Mahanagar Gas (MGL)

10 day averaged volume of Mahanagar Gas is 334682

Date	Daily Closing Price	Open	High	Low	Volume
03 Fri May 2024	1429.10	1461.35	1474.00	1414.60	1.261 times
02 Thu May 2024	1457.15	1445.00	1469.30	1440.10	0.717 times
30 Tue Apr 2024	1443.50	1444.15	1474.00	1438.10	0.756 times
29 Mon Apr 2024	1442.20	1475.00	1475.00	1432.05	0.527 times
26 Fri Apr 2024	1460.95	1448.00	1496.00	1444.55	1.121 times
25 Thu Apr 2024	1449.25	1419.70	1452.00	1414.45	0.782 times
24 Wed Apr 2024	1422.35	1409.00	1424.65	1397.75	0.674 times
23 Tue Apr 2024	1407.40	1390.95	1418.80	1382.00	0.772 times
22 Mon Apr 2024	1383.70	1405.30	1405.30	1370.00	1.524 times
19 Fri Apr 2024	1391.35	1396.00	1401.40	1367.20	0.918 times

My analysis of stock is bearish for shortterm, and stock might move down till 1406.1 or till 1373.2. Use a stoploss of 1433.57 and if the stock hits stoploss, then it can shoot up till 1461.03

Share price targets for Mahanagar Gas (MGL)

Target Type	Value
Downside Target	1168.25
Downside Target	1201.00
Downside Target	1365.65
Downside Target	1414.60
Upside Target	1470.80
Upside Target	1488.80
Upside Target	1488.90
Upside Target	1489.00
Upside Target	1496.00
Upside Target	1554.30
Upside Target	1580.00

Intraday share price targets for Mahanagar Gas (MGL)

Target Type	Value
Downside Intraday Target	1404.13
Downside Intraday Target	1379.17
Upside Intraday Target	1464.53
Upside Intraday Target	1499.97
Upside Intraday Target	1439.57

Weekly technical analysis of Mahanagar Gas (MGL)

Date	Weekly Closing Price	Open	High	Low	Volume
03 Fri May 2024	1429.10	1475.00	1475.00	1414.60	0.669 times
26 Fri Apr 2024	1460.95	1405.30	1496.00	1370.00	0.656 times
19 Fri Apr 2024	1391.35	1422.00	1489.00	1367.20	2.015 times
12 Fri Apr 2024	1428.70	1442.00	1488.90	1425.55	0.507 times
05 Fri Apr 2024	1440.20	1368.50	1470.80	1365.65	1.589 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 Mahanagar Gas (MGL)

Date	Monthly Closing Price	Open	High	Low	Volume
03 Fri May 2024	1429.10	1445.00	1474.00	1414.60	0.081 times
30 Tue Apr 2024	1443.50	1368.50	1496.00	1365.65	0.384 times
28 Thu Mar 2024	1364.05	1498.95	1580.00	1201.00	2.54 times
29 Thu Feb 2024	1484.35	1484.70	1554.30	1435.70	0.57 times

Scroll below to view daily charts

Price has moved down 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 Mahanagar Gas (MGL)

Price action analysis of Mahanagar Gas ( (MGL) ) based on a short term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

Price action analysis of Mahanagar Gas ( (MGL) ) 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 Mahanagar Gas ( (MGL) ) based on a short to mid term time period is neutral. A longer time frame might give a better analysis.

Price action analysis of Mahanagar Gas ( (MGL) ) based on a mid to longer term time period is neutral. A longer time frame might give a better analysis.

ADX buy sell signal for Mahanagar Gas stock for short term is BUY. Signal strength is Weak and stock is losing momentum.

MACD generated a BUY signal for Mahanagar Gas in short term and the buy signal is strong.

Mahanagar Gas 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 tired and bears are picking up momentum.

Ichimoku cloud is of green color and prices are in or below the green cloud Prices appear to be coming down

CCI has generated a SELL signal for Mahanagar Gas in short term but SELL signal is weak.

RSI is generating a SELL signal in short term and selling is picking up momentum.

MRSI is in positive zone. This is a BUY zone

Stock of Mahanagar Gas is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 1425.15 and Mahanagar Gas (MGL) 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 Mahanagar Gas (MGL) stock. Volume based technical analysis of Mahanagar Gas (MGL) stock is negative.

Mahanagar Gas 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.