(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 2024-02-28 View latest technical analysis
10 day averaged volume of Mahanagar Gas is 309138
Date | Daily Closing Price | Open | High | Low | Volume |
28 Wed Feb 2024 | 1466.00 | 1512.55 | 1525.70 | 1462.05 | 1.185 times |
27 Tue Feb 2024 | 1512.55 | 1504.75 | 1520.00 | 1499.00 | 0.886 times |
26 Mon Feb 2024 | 1506.25 | 1526.95 | 1537.00 | 1498.45 | 1.49 times |
23 Fri Feb 2024 | 1523.60 | 1547.85 | 1547.85 | 1514.30 | 0.927 times |
22 Thu Feb 2024 | 1533.40 | 1510.55 | 1534.85 | 1495.00 | 0.758 times |
21 Wed Feb 2024 | 1510.55 | 1513.55 | 1520.00 | 1494.15 | 1.472 times |
20 Tue Feb 2024 | 1512.05 | 1530.00 | 1532.95 | 1486.30 | 0.698 times |
19 Mon Feb 2024 | 1521.10 | 1524.75 | 1534.90 | 1519.15 | 0.46 times |
16 Fri Feb 2024 | 1517.20 | 1530.00 | 1530.00 | 1507.20 | 1.056 times |
15 Thu Feb 2024 | 1512.00 | 1494.35 | 1534.80 | 1493.15 | 1.618 times |
My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 1471.1, but if it comes above 1471.1, then a intra day buy could be more profitable.
If you take a sell trade below 1471.1, then use 1471.1 as stoploss and 1441.6 as target. However if you take a buy trade in stock , then use 1471.1 as stoploss and 1495.75 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 | 1381.00 |
Downside Target | 1435.70 |
Upside Target | 1514.65 |
Upside Target | 1534.80 |
Upside Target | 1537.00 |
Upside Target | 1547.85 |
Upside Target | 1554.30 |
Intraday share price targets for Mahanagar Gas (MGL)
Target Type | Value |
Downside Intraday Target | 1439.7 |
Downside Intraday Target | 1413.4 |
Upside Intraday Target | 1514.65 |
Upside Intraday Target | 1563.3 |
Upside Intraday Target | 1488.35 |
Weekly technical analysis of Mahanagar Gas (MGL)
Date | Weekly Closing Price | Open | High | Low | Volume |
28 Wed Feb 2024 | 1466.00 | 1526.95 | 1537.00 | 1462.05 | 0.825 times |
23 Fri Feb 2024 | 1523.60 | 1524.75 | 1547.85 | 1486.30 | 0.714 times |
16 Fri Feb 2024 | 1517.20 | 1470.00 | 1534.80 | 1435.70 | 0.78 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 |
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 |
28 Wed Feb 2024 | 1466.00 | 1484.70 | 1554.30 | 1435.70 | 0.541 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 term time period is neutral. A longer time frame might give a better analysis.
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 SELL. Signal strength is Weak 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 in or below 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 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 1509.34 and Mahanagar Gas (MGL) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down
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 has given negative 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 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 term time period is neutral. A longer time frame might give a better analysis.
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 SELL. Signal strength is Weak 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 in or below 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 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 1509.34 and Mahanagar Gas (MGL) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down
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 has given negative 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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