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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 2024-02-12 View latest technical analysis

10 day averaged volume of Mahanagar Gas is 622150

Date	Daily Closing Price	Open	High	Low	Volume
12 Mon Feb 2024	1451.75	1470.00	1486.95	1446.60	0.711 times
09 Fri Feb 2024	1474.00	1483.95	1489.85	1440.40	0.456 times
08 Thu Feb 2024	1478.45	1489.90	1499.25	1471.00	0.721 times
07 Wed Feb 2024	1486.80	1554.30	1554.30	1475.15	1.188 times
06 Tue Feb 2024	1533.95	1468.55	1539.90	1468.55	0.999 times
05 Mon Feb 2024	1467.95	1471.50	1490.80	1456.00	0.49 times
02 Fri Feb 2024	1476.95	1480.00	1506.40	1467.95	0.795 times
01 Thu Feb 2024	1463.50	1484.70	1514.65	1450.10	1.282 times
31 Wed Jan 2024	1479.25	1450.00	1488.80	1446.55	1.304 times
30 Tue Jan 2024	1443.70	1420.00	1460.15	1415.75	1.532 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 1484.3 as stoploss in an intra day sell trade for a target of 1396.23. However, stock will show a bullish move above 1484.3.

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	1303.55
Downside Target	1345.00
Downside Target	1381.00
Downside Target	1440.40
Upside Target	1486.95
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	1436.58
Downside Intraday Target	1421.42
Upside Intraday Target	1476.93
Upside Intraday Target	1502.12
Upside Intraday Target	1461.77

Weekly technical analysis of Mahanagar Gas (MGL)

Date	Weekly Closing Price	Open	High	Low	Volume
12 Mon Feb 2024	1451.75	1470.00	1486.95	1446.60	0.184 times
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

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
12 Mon Feb 2024	1451.75	1484.70	1554.30	1440.40	0.279 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 sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

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 SELL signal for Mahanagar Gas in short term but the sell signal is initial and weak.

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. Bears are getting stronger in this stock.

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 but buying is losing 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 1474.93 and Mahanagar Gas (MGL) stock is trading below this level. This means that stock is falling with high volumes. 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.