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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 2024-03-02 View latest technical analysis

10 day averaged volume of Mahanagar Gas is 298493

Date	Daily Closing Price	Open	High	Low	Volume
02 Sat Mar 2024	1500.60	1502.70	1509.95	1495.00	0.027 times
01 Fri Mar 2024	1498.85	1498.95	1508.60	1487.40	0.397 times
29 Thu Feb 2024	1484.35	1461.20	1496.90	1452.75	1.447 times
28 Wed Feb 2024	1466.00	1512.55	1525.70	1462.05	1.227 times
27 Tue Feb 2024	1512.55	1504.75	1520.00	1499.00	0.918 times
26 Mon Feb 2024	1506.25	1526.95	1537.00	1498.45	1.543 times
23 Fri Feb 2024	1523.60	1547.85	1547.85	1514.30	0.96 times
22 Thu Feb 2024	1533.40	1510.55	1534.85	1495.00	0.785 times
21 Wed Feb 2024	1510.55	1513.55	1520.00	1494.15	1.524 times
20 Tue Feb 2024	1512.05	1530.00	1532.95	1486.30	0.723 times

My analysis of stock is bullish for shortterm, and stock might move up till 1521.7 or till 1548.3. Use a stoploss of 1499.52 and if this stock hits its stoploss, then it can fall down till 1477.34

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	1456.57
Downside Intraday Target	1412.53
Upside Intraday Target	1540.82
Upside Intraday Target	1581.03
Downside Intraday Target	1496.78

Weekly technical analysis of Mahanagar Gas (MGL)

Date	Weekly Closing Price	Open	High	Low	Volume
02 Sat Mar 2024	1500.60	1526.95	1537.00	1452.75	1.244 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
02 Sat Mar 2024	1500.60	1498.95	1509.95	1487.40	0.015 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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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 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 weakening, and bulls are picking up momentum!

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 1503.14 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.