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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 2024-03-04 View latest technical analysis

10 day averaged volume of Mahanagar Gas is 285089

Date	Daily Closing Price	Open	High	Low	Volume
04 Mon Mar 2024	1541.65	1503.00	1552.00	1503.00	1.481 times
02 Sat Mar 2024	1500.60	1502.70	1509.95	1495.00	0.028 times
01 Fri Mar 2024	1498.85	1498.95	1508.60	1487.40	0.416 times
29 Thu Feb 2024	1484.35	1461.20	1496.90	1452.75	1.515 times
28 Wed Feb 2024	1466.00	1512.55	1525.70	1462.05	1.285 times
27 Tue Feb 2024	1512.55	1504.75	1520.00	1499.00	0.961 times
26 Mon Feb 2024	1506.25	1526.95	1537.00	1498.45	1.616 times
23 Fri Feb 2024	1523.60	1547.85	1547.85	1514.30	1.005 times
22 Thu Feb 2024	1533.40	1510.55	1534.85	1495.00	0.822 times
21 Wed Feb 2024	1510.55	1513.55	1520.00	1494.15	1.596 times

Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 1550.1, for a target of 1522.7 or 1499.9

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	1435.70
Downside Target	1486.30
Downside Target	1534.80
Downside Target	1537.00
Upside Target	1547.85
Upside Target	1552.00
Upside Target	1554.30

Intraday share price targets for Mahanagar Gas (MGL)

Target Type	Value
Downside Intraday Target	1512.43
Downside Intraday Target	1483.22
Upside Intraday Target	1561.43
Upside Intraday Target	1581.22
Downside Intraday Target	1532.22

Weekly technical analysis of Mahanagar Gas (MGL)

Date	Weekly Closing Price	Open	High	Low	Volume
04 Mon Mar 2024	1541.65	1503.00	1552.00	1503.00	0.254 times
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

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
04 Mon Mar 2024	1541.65	1498.95	1552.00	1487.40	0.065 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 buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

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 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.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

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. Bulls 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 and BUY signal is strong.

RSI is generating a BUY signal in short term and the buying is gaining 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 1507.83 and Mahanagar Gas (MGL) stock is trading above this level. This is a good sign for the stock and it could move higher. 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.