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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 2024-03-01 View latest technical analysis

10 day averaged volume of Mahanagar Gas is 319305

Date Daily Closing Price Open High Low Volume
01 Fri Mar 2024 1498.85 1498.95 1508.60 1487.40 0.371 times
29 Thu Feb 2024 1484.35 1461.20 1496.90 1452.75 1.353 times
28 Wed Feb 2024 1466.00 1512.55 1525.70 1462.05 1.147 times
27 Tue Feb 2024 1512.55 1504.75 1520.00 1499.00 0.858 times
26 Mon Feb 2024 1506.25 1526.95 1537.00 1498.45 1.442 times
23 Fri Feb 2024 1523.60 1547.85 1547.85 1514.30 0.897 times
22 Thu Feb 2024 1533.40 1510.55 1534.85 1495.00 0.734 times
21 Wed Feb 2024 1510.55 1513.55 1520.00 1494.15 1.425 times
20 Tue Feb 2024 1512.05 1530.00 1532.95 1486.30 0.676 times
19 Mon Feb 2024 1521.10 1524.75 1534.90 1519.15 0.445 times

My analysis of stock is bullish for shortterm, and stock might move up till 1521.1 or till 1549. Use a stoploss of 1497.89 and if this stock hits its stoploss, then it can fall down till 1474.67

Share price targets for Mahanagar Gas (MGL)

Target Type Value
Downside Target 999.00
Downside Target 1043.10
Downside Target 1070.95
Downside Target 1168.25
Downside Target 1231.40
Downside Target 1381.00
Downside Target 1435.70
Downside Target 1486.30
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 1455.4
Downside Intraday Target 1411.95
Upside Intraday Target 1539.65
Upside Intraday Target 1580.45
Downside Intraday Target 1496.2

Weekly technical analysis of Mahanagar Gas (MGL)

Date Weekly Closing Price Open High Low Volume
01 Fri Mar 2024 1498.85 1526.95 1537.00 1452.75 1.238 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
01 Fri Mar 2024 1498.85 1498.95 1508.60 1487.40 0.014 times
29 Thu Feb 2024 1484.35 1484.70 1554.30 1435.70 0.57 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

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 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 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 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 is trading near its recent LOWS in short term which reflects strong selling momentum. 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 1504.01 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 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 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 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 is trading near its recent LOWS in short term which reflects strong selling momentum. 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 1504.01 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

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Daily charts

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