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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 2024-03-05 View latest technical analysis

10 day averaged volume of Mahanagar Gas is 305717

Date	Daily Closing Price	Open	High	Low	Volume
05 Tue Mar 2024	1565.40	1564.00	1580.00	1541.30	2.352 times
04 Mon Mar 2024	1541.65	1503.00	1552.00	1503.00	1.381 times
02 Sat Mar 2024	1500.60	1502.70	1509.95	1495.00	0.026 times
01 Fri Mar 2024	1498.85	1498.95	1508.60	1487.40	0.388 times
29 Thu Feb 2024	1484.35	1461.20	1496.90	1452.75	1.413 times
28 Wed Feb 2024	1466.00	1512.55	1525.70	1462.05	1.198 times
27 Tue Feb 2024	1512.55	1504.75	1520.00	1499.00	0.896 times
26 Mon Feb 2024	1506.25	1526.95	1537.00	1498.45	1.507 times
23 Fri Feb 2024	1523.60	1547.85	1547.85	1514.30	0.937 times
22 Thu Feb 2024	1533.40	1510.55	1534.85	1495.00	0.766 times

Stock of Mahanagar Gas (MGL) has showed a significant upmove. This could be a good time to enter in this stock!

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 1562.5, for a target of 1530.5 or 1503.83

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
Downside Target	1547.85
Downside Target	1554.30
Upside Target	1580.00

Intraday share price targets for Mahanagar Gas (MGL)

Target Type	Value
Downside Intraday Target	1518.93
Downside Intraday Target	1472.47
Upside Intraday Target	1595.93
Upside Intraday Target	1626.47
Downside Intraday Target	1549.47

Weekly technical analysis of Mahanagar Gas (MGL)

Date	Weekly Closing Price	Open	High	Low	Volume
05 Tue Mar 2024	1565.40	1503.00	1580.00	1503.00	0.688 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
05 Tue Mar 2024	1565.40	1498.95	1580.00	1487.40	0.15 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 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 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 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 is trading near its recent HIGHS, which reflects strong buying momentum in short term! 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

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 1519.92 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.