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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 2024-01-10 View latest technical analysis

10 day averaged volume of Mahanagar Gas is 382250

Date	Daily Closing Price	Open	High	Low	Volume
10 Wed Jan 2024	1179.60	1190.10	1193.35	1168.25	1.389 times
09 Tue Jan 2024	1198.25	1198.15	1216.75	1194.00	0.902 times
08 Mon Jan 2024	1203.10	1245.50	1246.35	1200.05	0.864 times
05 Fri Jan 2024	1238.10	1228.60	1252.00	1227.00	1.1 times
04 Thu Jan 2024	1228.30	1227.00	1241.00	1223.00	0.897 times
03 Wed Jan 2024	1222.00	1219.75	1227.00	1200.25	0.826 times
02 Tue Jan 2024	1215.90	1210.00	1233.50	1187.95	1.281 times
01 Mon Jan 2024	1203.65	1201.00	1224.75	1194.30	0.789 times
29 Fri Dec 2023	1200.50	1200.00	1231.40	1196.00	2.03 times
28 Thu Dec 2023	1197.90	1183.05	1199.95	1173.05	0.681 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 1176.2 as stoploss in an intra day buy trade for a target of 1195.46. However, stock will show a bearish move below 1176.2.

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
Upside Target	1191.70
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	1149.78
Downside Intraday Target	1119.97
Upside Intraday Target	1227.88
Upside Intraday Target	1276.17
Upside Intraday Target	1198.07

Weekly technical analysis of Mahanagar Gas (MGL)

Date	Weekly Closing Price	Open	High	Low	Volume
10 Wed Jan 2024	1179.60	1245.50	1246.35	1168.25	0.645 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
10 Wed Jan 2024	1179.60	1201.00	1252.00	1168.25	0.26 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 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 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 SELL. Signal strength is Weak 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 is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.

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 and SELL 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

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 1207.53 and Mahanagar Gas (MGL) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down

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 has given negative 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.