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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 2024-01-17 View latest technical analysis

10 day averaged volume of Mahanagar Gas is 504690

Date	Daily Closing Price	Open	High	Low	Volume
17 Wed Jan 2024	1255.90	1257.95	1274.95	1240.40	1.118 times
16 Tue Jan 2024	1262.70	1265.00	1275.00	1249.00	0.613 times
15 Mon Jan 2024	1260.50	1269.95	1269.95	1242.90	0.563 times
12 Fri Jan 2024	1264.20	1248.00	1272.00	1235.90	1.817 times
11 Thu Jan 2024	1240.10	1180.95	1246.15	1180.95	2.479 times
10 Wed Jan 2024	1179.60	1190.10	1193.35	1168.25	1.052 times
09 Tue Jan 2024	1198.25	1198.15	1216.75	1194.00	0.683 times
08 Mon Jan 2024	1203.10	1245.50	1246.35	1200.05	0.654 times
05 Fri Jan 2024	1238.10	1228.60	1252.00	1227.00	0.833 times
04 Thu Jan 2024	1228.30	1227.00	1241.00	1223.00	0.679 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 1244.5, but if it comes below 1244.5, then a intra day sell could be more profitable.
If you take a sell trade below 1244.5, then use 1244.5 as stoploss and 1214.13 as target. However if you take a buy trade in stock , then use 1244.5 as stoploss and 1280.9 as target.

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	1220.45
Downside Target	1231.40
Downside Target	1240.40
Downside Target	1252.00
Upside Target	1272.00
Upside Target	1275.00

Intraday share price targets for Mahanagar Gas (MGL)

Target Type	Value
Downside Intraday Target	1239.2
Downside Intraday Target	1222.5
Upside Intraday Target	1273.8
Upside Intraday Target	1291.7
Upside Intraday Target	1257.1

Weekly technical analysis of Mahanagar Gas (MGL)

Date	Weekly Closing Price	Open	High	Low	Volume
17 Wed Jan 2024	1255.90	1269.95	1275.00	1240.40	0.343 times
12 Fri Jan 2024	1264.20	1245.50	1272.00	1168.25	1.804 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

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
17 Wed Jan 2024	1255.90	1201.00	1275.00	1168.25	0.542 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 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 tired and bears are picking up momentum.

Ichimoku cloud is of green color and prices are above 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 BUY signal in short term and the buying is gaining momentum.

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying 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 1236.35 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.