(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 2024-02-07 View latest technical analysis
10 day averaged volume of Mahanagar Gas is 798936
Date | Daily Closing Price | Open | High | Low | Volume |
07 Wed Feb 2024 | 1486.80 | 1554.30 | 1554.30 | 1475.15 | 0.925 times |
06 Tue Feb 2024 | 1533.95 | 1468.55 | 1539.90 | 1468.55 | 0.778 times |
05 Mon Feb 2024 | 1467.95 | 1471.50 | 1490.80 | 1456.00 | 0.381 times |
02 Fri Feb 2024 | 1476.95 | 1480.00 | 1506.40 | 1467.95 | 0.619 times |
01 Thu Feb 2024 | 1463.50 | 1484.70 | 1514.65 | 1450.10 | 0.998 times |
31 Wed Jan 2024 | 1479.25 | 1450.00 | 1488.80 | 1446.55 | 1.016 times |
30 Tue Jan 2024 | 1443.70 | 1420.00 | 1460.15 | 1415.75 | 1.193 times |
29 Mon Jan 2024 | 1414.40 | 1388.00 | 1419.40 | 1381.00 | 0.961 times |
25 Thu Jan 2024 | 1374.15 | 1352.00 | 1387.00 | 1338.20 | 1.462 times |
24 Wed Jan 2024 | 1345.85 | 1336.20 | 1351.35 | 1303.55 | 1.512 times |
My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 1460.8, but if it comes below 1460.8, then a intra day sell could be more profitable.
If you take a sell trade below 1460.8, then use 1460.8 as stoploss and 1360.22 as target. However if you take a buy trade in stock , then use 1460.8 as stoploss and 1581.4 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 | 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 |
Upside Target | 1488.80 |
Upside Target | 1514.65 |
Upside Target | 1554.30 |
Intraday share price targets for Mahanagar Gas (MGL)
Target Type | Value |
Downside Intraday Target | 1443.77 |
Downside Intraday Target | 1400.73 |
Upside Intraday Target | 1542.07 |
Upside Intraday Target | 1597.33 |
Upside Intraday Target | 1499.03 |
Weekly technical analysis of Mahanagar Gas (MGL)
Date | Weekly Closing Price | Open | High | Low | Volume |
07 Wed Feb 2024 | 1486.80 | 1471.50 | 1554.30 | 1456.00 | 0.435 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 |
07 Wed Feb 2024 | 1486.80 | 1484.70 | 1554.30 | 1450.10 | 0.2 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 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.
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 but buying is losing momentum.
MRSI is in negative zone. This is the SELL 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 1435.37 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.
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 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.
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 but buying is losing momentum.
MRSI is in negative zone. This is the SELL 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 1435.37 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.
Click here for Mahanagar Gas charts
Click here for further forecast and predictions for tomorrow
Daily charts
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