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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 2024-01-08 View latest technical analysis

10 day averaged volume of Mahanagar Gas is 381287

Date	Daily Closing Price	Open	High	Low	Volume
08 Mon Jan 2024	1203.10	1245.50	1246.35	1200.05	0.866 times
05 Fri Jan 2024	1238.10	1228.60	1252.00	1227.00	1.103 times
04 Thu Jan 2024	1228.30	1227.00	1241.00	1223.00	0.899 times
03 Wed Jan 2024	1222.00	1219.75	1227.00	1200.25	0.828 times
02 Tue Jan 2024	1215.90	1210.00	1233.50	1187.95	1.284 times
01 Mon Jan 2024	1203.65	1201.00	1224.75	1194.30	0.79 times
29 Fri Dec 2023	1200.50	1200.00	1231.40	1196.00	2.035 times
28 Thu Dec 2023	1197.90	1183.05	1199.95	1173.05	0.683 times
27 Wed Dec 2023	1183.05	1193.05	1198.65	1174.00	0.631 times
26 Tue Dec 2023	1190.05	1196.10	1209.95	1180.25	0.805 times

My analysis of stock is bullish for shortterm, and stock might move up till 1214.1 or till 1238.1. Use a stoploss of 1194.03 and if this stock hits its stoploss, then it can fall down till 1174.01

Share price targets for Mahanagar Gas (MGL)

Target Type	Value
Downside Target	978.75
Downside Target	999.00
Downside Target	1043.10
Downside Target	1070.95
Downside Target	1136.00
Downside Target	1200.05
Upside Target	1220.45
Upside Target	1231.40
Upside Target	1246.35
Upside Target	1252.00

Intraday share price targets for Mahanagar Gas (MGL)

Target Type	Value
Downside Intraday Target	1186.65
Downside Intraday Target	1170.2
Upside Intraday Target	1232.95
Upside Intraday Target	1262.8
Upside Intraday Target	1216.5

Weekly technical analysis of Mahanagar Gas (MGL)

Date	Weekly Closing Price	Open	High	Low	Volume
08 Mon Jan 2024	1203.10	1245.50	1246.35	1200.05	0.177 times
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

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
08 Mon Jan 2024	1203.10	1201.00	1252.00	1187.95	0.186 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 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 losing momentum.

MACD generated a SELL signal for Mahanagar Gas in short term but the sell signal is initial and weak.

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 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 1209.32 and Mahanagar Gas (MGL) stock is trading below this level. This means that stock is falling with high volumes. 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.