(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 2024-03-22 View latest technical analysis
10 day averaged volume of Mahanagar Gas is 918713
Date | Daily Closing Price | Open | High | Low | Volume |
22 Fri Mar 2024 | 1339.50 | 1310.00 | 1342.70 | 1302.75 | 0.789 times |
21 Thu Mar 2024 | 1321.75 | 1292.45 | 1325.00 | 1285.70 | 0.501 times |
20 Wed Mar 2024 | 1284.80 | 1256.75 | 1290.75 | 1252.95 | 0.41 times |
19 Tue Mar 2024 | 1261.70 | 1269.00 | 1275.80 | 1248.70 | 0.381 times |
18 Mon Mar 2024 | 1268.95 | 1270.90 | 1295.45 | 1257.00 | 0.624 times |
15 Fri Mar 2024 | 1264.20 | 1273.95 | 1279.65 | 1243.00 | 0.458 times |
14 Thu Mar 2024 | 1271.55 | 1230.10 | 1288.00 | 1215.95 | 1.581 times |
13 Wed Mar 2024 | 1220.30 | 1311.20 | 1326.20 | 1201.00 | 1.512 times |
12 Tue Mar 2024 | 1304.30 | 1275.50 | 1314.70 | 1263.60 | 1.253 times |
11 Mon Mar 2024 | 1275.95 | 1329.05 | 1329.05 | 1268.00 | 1.05 times |
My analysis of stock is bearish for shortterm, and stock might move down till 1263.8 or till 1128.3. Use a stoploss of 1376.71 and if the stock hits stoploss, then it can shoot up till 1489.64
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 | 1297.30 |
Downside 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 | 1277.9 |
Downside Intraday Target | 1216.3 |
Upside Intraday Target | 1371.9 |
Upside Intraday Target | 1404.3 |
Downside Intraday Target | 1310.3 |
Weekly technical analysis of Mahanagar Gas (MGL)
Date | Weekly Closing Price | Open | High | Low | Volume |
22 Fri Mar 2024 | 1339.50 | 1270.90 | 1342.70 | 1248.70 | 0.462 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 |
22 Fri Mar 2024 | 1339.50 | 1498.95 | 1580.00 | 1201.00 | 2.359 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 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 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 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 Weak and stock is losing momentum.
MACD generated a SELL signal for Mahanagar Gas in short term and the sell signal is strong.
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 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 and BUY signal is strong.
RSI is generating a SELL signal in short term and selling is picking up 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 1276.64 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 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 is giving positive 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 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 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 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 Weak and stock is losing momentum.
MACD generated a SELL signal for Mahanagar Gas in short term and the sell signal is strong.
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 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 and BUY signal is strong.
RSI is generating a SELL signal in short term and selling is picking up 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 1276.64 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 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 is giving positive 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
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Daily charts
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