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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 1743364

Date	Daily Closing Price	Open	High	Low	Volume
05 Fri Jul 2024	1699.40	1667.55	1713.40	1650.00	0.354 times
04 Thu Jul 2024	1666.15	1698.50	1701.80	1657.40	0.372 times
03 Wed Jul 2024	1697.35	1715.65	1724.20	1686.00	0.394 times
02 Tue Jul 2024	1709.40	1760.05	1858.35	1655.75	2.668 times
01 Mon Jul 2024	1746.80	1604.90	1756.55	1596.10	2.86 times
28 Fri Jun 2024	1596.90	1510.00	1628.00	1510.00	2.168 times
27 Thu Jun 2024	1503.40	1493.55	1522.65	1490.80	0.407 times
26 Wed Jun 2024	1499.85	1496.00	1506.55	1487.20	0.151 times
25 Tue Jun 2024	1495.80	1487.20	1510.45	1484.55	0.145 times
24 Mon Jun 2024	1487.20	1480.25	1510.00	1459.50	0.236 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 1639.7, but if it comes below 1639.7, then a intra day sell could be more profitable.
If you take a sell trade below 1639.7, then use 1639.7 as stoploss and 1529.98 as target. However if you take a buy trade in stock , then use 1639.7 as stoploss and 1771.3 as target.

Share price targets for Mahanagar Gas (MGL)

Target Type	Value
Downside Target	1180.35
Downside Target	1257.00
Downside Target	1365.65
Downside Target	1434.05
Downside Target	1529.00
Downside Target	1580.00
Downside Target	1596.10
Downside Target	1628.00
Upside Target	1858.35

Intraday share price targets for Mahanagar Gas (MGL)

Target Type	Value
Downside Intraday Target	1577.55
Downside Intraday Target	1455.7
Upside Intraday Target	1839.8
Upside Intraday Target	1980.2
Upside Intraday Target	1717.95

Weekly technical analysis of Mahanagar Gas (MGL)

Date	Weekly Closing Price	Open	High	Low	Volume
05 Fri Jul 2024	1699.40	1604.90	1858.35	1596.10	2.14 times
28 Fri Jun 2024	1596.90	1480.25	1628.00	1459.50	1.968 times
21 Fri Jun 2024	1487.45	1465.85	1529.00	1434.05	0.684 times
14 Fri Jun 2024	1465.85	1440.00	1479.00	1391.05	1.137 times
07 Fri Jun 2024	1381.05	1350.00	1404.65	1180.35	2.11 times

Price has moved up this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Mahanagar Gas (MGL)

Date	Monthly Closing Price	Open	High	Low	Volume
05 Fri Jul 2024	1699.40	1604.90	1858.35	1596.10	0.737 times
28 Fri Jun 2024	1596.90	1350.00	1628.00	1180.35	1.796 times
31 Fri May 2024	1298.00	1445.00	1474.00	1257.00	1.067 times
30 Tue Apr 2024	1443.50	1368.50	1496.00	1365.65	0.384 times

Scroll below to view daily charts

Price has moved up 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 trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

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 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 mid to longer 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.

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

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

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

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 above the green cloud Prices appear to be moving up

CCI has generated a buy signal for Mahanagar Gas in short term and BUY 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 Mahanagar Gas is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 1672.48 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.