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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 2024-02-13 View latest technical analysis

10 day averaged volume of Mahanagar Gas is 589616

Date	Daily Closing Price	Open	High	Low	Volume
13 Tue Feb 2024	1476.80	1459.40	1479.15	1435.70	0.685 times
12 Mon Feb 2024	1451.75	1470.00	1486.95	1446.60	0.75 times
09 Fri Feb 2024	1474.00	1483.95	1489.85	1440.40	0.481 times
08 Thu Feb 2024	1478.45	1489.90	1499.25	1471.00	0.761 times
07 Wed Feb 2024	1486.80	1554.30	1554.30	1475.15	1.253 times
06 Tue Feb 2024	1533.95	1468.55	1539.90	1468.55	1.054 times
05 Mon Feb 2024	1467.95	1471.50	1490.80	1456.00	0.517 times
02 Fri Feb 2024	1476.95	1480.00	1506.40	1467.95	0.839 times
01 Thu Feb 2024	1463.50	1484.70	1514.65	1450.10	1.352 times
31 Wed Jan 2024	1479.25	1450.00	1488.80	1446.55	1.376 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 1491 as stoploss in an intra day sell trade for a target of 1407.05. However, stock will show a bullish move above 1491.

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	1435.70
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	1446.02
Downside Intraday Target	1415.23
Upside Intraday Target	1497.27
Upside Intraday Target	1517.73
Downside Intraday Target	1466.48

Weekly technical analysis of Mahanagar Gas (MGL)

Date	Weekly Closing Price	Open	High	Low	Volume
13 Tue Feb 2024	1476.80	1470.00	1486.95	1435.70	0.353 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 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
13 Tue Feb 2024	1476.80	1484.70	1554.30	1435.70	0.307 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 definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on 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 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 moving up

CCI has generated a buy signal for Mahanagar Gas in short term but BUY signal is weak.

RSI is generating a BUY signal in short term but buying is losing 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 1480.64 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.