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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 2024-03-19 View latest technical analysis

10 day averaged volume of Mahanagar Gas is 1783488

Date	Daily Closing Price	Open	High	Low	Volume
19 Tue Mar 2024	1261.70	1269.00	1275.80	1248.70	0.196 times
18 Mon Mar 2024	1268.95	1270.90	1295.45	1257.00	0.321 times
15 Fri Mar 2024	1264.20	1273.95	1279.65	1243.00	0.236 times
14 Thu Mar 2024	1271.55	1230.10	1288.00	1215.95	0.814 times
13 Wed Mar 2024	1220.30	1311.20	1326.20	1201.00	0.779 times
12 Tue Mar 2024	1304.30	1275.50	1314.70	1263.60	0.645 times
11 Mon Mar 2024	1275.95	1329.05	1329.05	1268.00	0.541 times
07 Thu Mar 2024	1315.95	1330.00	1341.85	1310.00	1.149 times
06 Wed Mar 2024	1329.60	1525.00	1525.00	1297.30	4.874 times
05 Tue Mar 2024	1565.40	1564.00	1580.00	1541.30	0.403 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 1288, but if it comes above 1288, then a intra day buy could be more profitable.
If you take a sell trade below 1288, then use 1288 as stoploss and 1144.3 as target. However if you take a buy trade in stock , then use 1288 as stoploss and 1407.79 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
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	1241.78
Downside Intraday Target	1221.87
Upside Intraday Target	1288.53
Upside Intraday Target	1315.37
Upside Intraday Target	1268.62

Weekly technical analysis of Mahanagar Gas (MGL)

Date	Weekly Closing Price	Open	High	Low	Volume
19 Tue Mar 2024	1261.70	1270.90	1295.45	1248.70	0.172 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 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
19 Tue Mar 2024	1261.70	1498.95	1580.00	1201.00	2.173 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 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 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 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 getting stronger in this stock.

Ichimoku cloud is of red color and prices are below the red 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 but selling is losing 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 1314.88 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.