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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 2024-02-09 View latest technical analysis

10 day averaged volume of Mahanagar Gas is 710581

Date	Daily Closing Price	Open	High	Low	Volume
09 Fri Feb 2024	1474.00	1483.95	1489.85	1440.40	0.399 times
08 Thu Feb 2024	1478.45	1489.90	1499.25	1471.00	0.631 times
07 Wed Feb 2024	1486.80	1554.30	1554.30	1475.15	1.04 times
06 Tue Feb 2024	1533.95	1468.55	1539.90	1468.55	0.874 times
05 Mon Feb 2024	1467.95	1471.50	1490.80	1456.00	0.429 times
02 Fri Feb 2024	1476.95	1480.00	1506.40	1467.95	0.696 times
01 Thu Feb 2024	1463.50	1484.70	1514.65	1450.10	1.122 times
31 Wed Jan 2024	1479.25	1450.00	1488.80	1446.55	1.142 times
30 Tue Jan 2024	1443.70	1420.00	1460.15	1415.75	1.341 times
29 Mon Jan 2024	1414.40	1388.00	1419.40	1381.00	1.08 times

My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 1478.5 as stoploss in an intra day sell trade for a target of 1386.85. However, stock will show a bullish move above 1478.5.

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	1440.40
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	1424.83
Downside Intraday Target	1375.67
Upside Intraday Target	1538.73
Upside Intraday Target	1603.47
Upside Intraday Target	1489.57

Weekly technical analysis of Mahanagar Gas (MGL)

Date	Weekly Closing Price	Open	High	Low	Volume
09 Fri Feb 2024	1474.00	1471.50	1554.30	1440.40	0.627 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 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
09 Fri Feb 2024	1474.00	1484.70	1554.30	1440.40	0.25 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 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 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 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.

Mahanagar Gas Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. 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 and SELL 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 1469.11 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.