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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 2024-02-06 View latest technical analysis

10 day averaged volume of Mahanagar Gas is 764168

Date	Daily Closing Price	Open	High	Low	Volume
06 Tue Feb 2024	1533.95	1468.55	1539.90	1468.55	0.813 times
05 Mon Feb 2024	1467.95	1471.50	1490.80	1456.00	0.399 times
02 Fri Feb 2024	1476.95	1480.00	1506.40	1467.95	0.648 times
01 Thu Feb 2024	1463.50	1484.70	1514.65	1450.10	1.044 times
31 Wed Jan 2024	1479.25	1450.00	1488.80	1446.55	1.062 times
30 Tue Jan 2024	1443.70	1420.00	1460.15	1415.75	1.247 times
29 Mon Jan 2024	1414.40	1388.00	1419.40	1381.00	1.004 times
25 Thu Jan 2024	1374.15	1352.00	1387.00	1338.20	1.528 times
24 Wed Jan 2024	1345.85	1336.20	1351.35	1303.55	1.581 times
23 Tue Jan 2024	1312.35	1335.95	1354.45	1307.00	1.13 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 1570.2, for a target of 1447.8 or 1345.79

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	1272.00
Downside Target	1303.55
Downside Target	1345.00
Downside Target	1381.00
Downside Target	1450.10
Downside Target	1488.80
Downside Target	1514.65
Upside Target	1539.90

Intraday share price targets for Mahanagar Gas (MGL)

Target Type	Value
Downside Intraday Target	1480
Downside Intraday Target	1426.05
Upside Intraday Target	1563.9
Upside Intraday Target	1593.85
Downside Intraday Target	1509.95

Weekly technical analysis of Mahanagar Gas (MGL)

Date	Weekly Closing Price	Open	High	Low	Volume
06 Tue Feb 2024	1533.95	1471.50	1539.90	1456.00	0.242 times
02 Fri Feb 2024	1476.95	1388.00	1514.65	1381.00	1.089 times
25 Thu Jan 2024	1374.15	1330.85	1387.00	1303.55	1.005 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

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
06 Tue Feb 2024	1533.95	1484.70	1539.90	1450.10	0.15 times
31 Wed Jan 2024	1479.25	1201.00	1488.80	1168.25	1.252 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

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 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 BUY signal in short term and the buying is gaining momentum.

MRSI is in positive zone. This is a BUY 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 1417.32 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.