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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)

Showing technical analysis as on 2024-01-05 View latest technical analysis

10 day averaged volume of Mahanagar Gas is 386761

Date	Daily Closing Price	Open	High	Low	Volume
05 Fri Jan 2024	1238.10	1228.60	1252.00	1227.00	1.088 times
04 Thu Jan 2024	1228.30	1227.00	1241.00	1223.00	0.886 times
03 Wed Jan 2024	1222.00	1219.75	1227.00	1200.25	0.817 times
02 Tue Jan 2024	1215.90	1210.00	1233.50	1187.95	1.266 times
01 Mon Jan 2024	1203.65	1201.00	1224.75	1194.30	0.779 times
29 Fri Dec 2023	1200.50	1200.00	1231.40	1196.00	2.006 times
28 Thu Dec 2023	1197.90	1183.05	1199.95	1173.05	0.673 times
27 Wed Dec 2023	1183.05	1193.05	1198.65	1174.00	0.623 times
26 Tue Dec 2023	1190.05	1196.10	1209.95	1180.25	0.794 times
22 Fri Dec 2023	1194.70	1203.00	1203.00	1184.40	0.926 times

Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 1239.1, for a target of 1213.2 or 1191.66

Share price targets for Mahanagar Gas (MGL)

Target Type	Value
Downside Target	978.75
Downside Target	999.00
Downside Target	1043.10
Downside Target	1064.00
Downside Target	1136.00
Downside Target	1187.95
Downside Target	1191.70
Downside Target	1220.45
Downside Target	1231.40
Upside Target	1252.00

Intraday share price targets for Mahanagar Gas (MGL)

Target Type	Value
Downside Intraday Target	1200.03
Downside Intraday Target	1161.97
Upside Intraday Target	1264.08
Upside Intraday Target	1290.07
Downside Intraday Target	1226.02

Weekly technical analysis of Mahanagar Gas (MGL)

Date	Weekly Closing Price	Open	High	Low	Volume
05 Fri Jan 2024	1238.10	1201.00	1252.00	1187.95	1.181 times
29 Fri Dec 2023	1200.50	1196.10	1231.40	1173.05	0.465 times
22 Fri Dec 2023	1194.70	1185.00	1220.45	1136.00	1.293 times
15 Fri Dec 2023	1182.90	1164.80	1191.70	1158.55	0.722 times
08 Fri Dec 2023	1155.75	1075.00	1178.15	1064.00	3.114 times

Price has moved up 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
05 Fri Jan 2024	1238.10	1201.00	1252.00	1187.95	0.158 times
29 Fri Dec 2023	1200.50	1046.80	1231.40	1043.10	1.986 times
30 Thu Nov 2023	1041.35	1029.40	1070.95	999.00	0.292 times
31 Tue Oct 2023	1032.40	1041.05	1152.00	978.75	2.372 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 neutral. A longer time frame might give a better analysis.

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 is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting stronger in this stock.

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

MRSI is in negative zone. This is the SELL 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 1208.49 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.