(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 2024-03-18 View latest technical analysis
10 day averaged volume of Mahanagar Gas is 1726970
Date | Daily Closing Price | Open | High | Low | Volume |
18 Mon Mar 2024 | 1268.95 | 1270.90 | 1295.45 | 1257.00 | 0.332 times |
15 Fri Mar 2024 | 1264.20 | 1273.95 | 1279.65 | 1243.00 | 0.244 times |
14 Thu Mar 2024 | 1271.55 | 1230.10 | 1288.00 | 1215.95 | 0.841 times |
13 Wed Mar 2024 | 1220.30 | 1311.20 | 1326.20 | 1201.00 | 0.804 times |
12 Tue Mar 2024 | 1304.30 | 1275.50 | 1314.70 | 1263.60 | 0.667 times |
11 Mon Mar 2024 | 1275.95 | 1329.05 | 1329.05 | 1268.00 | 0.559 times |
07 Thu Mar 2024 | 1315.95 | 1330.00 | 1341.85 | 1310.00 | 1.187 times |
06 Wed Mar 2024 | 1329.60 | 1525.00 | 1525.00 | 1297.30 | 5.034 times |
05 Tue Mar 2024 | 1565.40 | 1564.00 | 1580.00 | 1541.30 | 0.416 times |
04 Mon Mar 2024 | 1541.65 | 1503.00 | 1552.00 | 1503.00 | 0.244 times |
My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 1303.4, but if it comes above 1303.4, then a intra day buy could be more profitable.
If you take a sell trade below 1303.4, then use 1303.4 as stoploss and 1163.1 as target. However if you take a buy trade in stock , then use 1303.4 as stoploss and 1420.3 as target.
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 | 1201.00 |
Downside Target | 1231.40 |
Downside Target | 1257.00 |
Upside Target | 1295.45 |
Upside Target | 1329.05 |
Upside Target | 1435.70 |
Upside Target | 1486.30 |
Upside Target | 1537.00 |
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 | 1252.15 |
Downside Intraday Target | 1235.35 |
Upside Intraday Target | 1290.6 |
Upside Intraday Target | 1312.25 |
Upside Intraday Target | 1273.8 |
Weekly technical analysis of Mahanagar Gas (MGL)
Date | Weekly Closing Price | Open | High | Low | Volume |
18 Mon Mar 2024 | 1268.95 | 1270.90 | 1295.45 | 1257.00 | 0.107 times |
15 Fri Mar 2024 | 1264.20 | 1329.05 | 1329.05 | 1201.00 | 0.453 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 |
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 |
18 Mon Mar 2024 | 1268.95 | 1498.95 | 1580.00 | 1201.00 | 2.132 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 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 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 losing momentum.
MACD generated a SELL signal for Mahanagar Gas in short term and the sell signal is strong.
Mahanagar Gas Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!
Ichimoku cloud is of red color and prices are below the red 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 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 1321.29 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.
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 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 losing momentum.
MACD generated a SELL signal for Mahanagar Gas in short term and the sell signal is strong.
Mahanagar Gas Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!
Ichimoku cloud is of red color and prices are below the red 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 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 1321.29 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.
Click here for Mahanagar Gas charts
Click here for further forecast and predictions for tomorrow
Daily charts
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