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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 2024-01-24 View latest technical analysis

10 day averaged volume of Mahanagar Gas is 733207

Date	Daily Closing Price	Open	High	Low	Volume
24 Wed Jan 2024	1345.85	1336.20	1351.35	1303.55	1.648 times
23 Tue Jan 2024	1312.35	1335.95	1354.45	1307.00	1.177 times
22 Mon Jan 2024	1314.90	1330.85	1338.70	1303.55	0.373 times
19 Fri Jan 2024	1326.00	1320.00	1345.00	1312.30	1.077 times
18 Thu Jan 2024	1301.55	1261.90	1311.45	1242.10	2.112 times
17 Wed Jan 2024	1255.90	1257.95	1274.95	1240.40	0.77 times
16 Tue Jan 2024	1262.70	1265.00	1275.00	1249.00	0.422 times
15 Mon Jan 2024	1260.50	1269.95	1269.95	1242.90	0.388 times
12 Fri Jan 2024	1264.20	1248.00	1272.00	1235.90	1.251 times
11 Thu Jan 2024	1240.10	1180.95	1246.15	1180.95	1.706 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 1354.1, for a target of 1296.5 or 1248.57

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	1152.00
Downside Target	1231.40
Downside Target	1240.40
Downside Target	1252.00
Downside Target	1272.00
Downside Target	1303.55
Downside Target	1345.00
Upside Target	1354.45

Intraday share price targets for Mahanagar Gas (MGL)

Target Type	Value
Downside Intraday Target	1314.78
Downside Intraday Target	1283.72
Upside Intraday Target	1365.68
Upside Intraday Target	1385.52
Downside Intraday Target	1334.62

Weekly technical analysis of Mahanagar Gas (MGL)

Date	Weekly Closing Price	Open	High	Low	Volume
24 Wed Jan 2024	1345.85	1330.85	1354.45	1303.55	0.671 times
19 Fri Jan 2024	1326.00	1269.95	1345.00	1240.40	1.036 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

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
24 Wed Jan 2024	1345.85	1201.00	1354.45	1168.25	0.939 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 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 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 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 BUY signal in short term and the buying is gaining 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 1292.21 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.