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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 2024-03-11 View latest technical analysis

10 day averaged volume of Mahanagar Gas is 1354288

Date	Daily Closing Price	Open	High	Low	Volume
11 Mon Mar 2024	1275.95	1329.05	1329.05	1268.00	0.713 times
07 Thu Mar 2024	1315.95	1330.00	1341.85	1310.00	1.513 times
06 Wed Mar 2024	1329.60	1525.00	1525.00	1297.30	6.419 times
05 Tue Mar 2024	1565.40	1564.00	1580.00	1541.30	0.531 times
04 Mon Mar 2024	1541.65	1503.00	1552.00	1503.00	0.312 times
02 Sat Mar 2024	1500.60	1502.70	1509.95	1495.00	0.006 times
01 Fri Mar 2024	1498.85	1498.95	1508.60	1487.40	0.087 times
29 Thu Feb 2024	1484.35	1461.20	1496.90	1452.75	0.319 times
28 Wed Feb 2024	1466.00	1512.55	1525.70	1462.05	0.27 times
27 Tue Feb 2024	1512.55	1504.75	1520.00	1499.00	0.202 times

Although my analysis for stock is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 1312.2, for a target of 1403.6 or 1479.7

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	1268.00
Upside Target	1297.30
Upside Target	1329.05
Upside Target	1435.70
Upside Target	1486.30
Upside Target	1534.80
Upside Target	1547.85
Upside Target	1554.30
Upside Target	1580.00

Intraday share price targets for Mahanagar Gas (MGL)

Target Type	Value
Downside Intraday Target	1252.95
Downside Intraday Target	1229.95
Upside Intraday Target	1314
Upside Intraday Target	1352.05
Upside Intraday Target	1291

Weekly technical analysis of Mahanagar Gas (MGL)

Date	Weekly Closing Price	Open	High	Low	Volume
11 Mon Mar 2024	1275.95	1329.05	1329.05	1268.00	0.081 times
07 Thu Mar 2024	1315.95	1503.00	1580.00	1297.30	7.162 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

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
11 Mon Mar 2024	1275.95	1498.95	1580.00	1268.00	1.54 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 down this month, and volume has increased substantially. This means that the move can 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 to mid 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 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 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.

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 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 SELL signal in short term and selling is picking up 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 1355.77 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 negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.