(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 2024-04-18 View latest technical analysis
10 day averaged volume of Mahanagar Gas is 486043
Date | Daily Closing Price | Open | High | Low | Volume |
18 Thu Apr 2024 | 1401.20 | 1468.80 | 1489.00 | 1394.95 | 1.521 times |
16 Tue Apr 2024 | 1464.45 | 1453.00 | 1475.00 | 1440.00 | 0.848 times |
15 Mon Apr 2024 | 1453.90 | 1422.00 | 1485.00 | 1404.00 | 2.112 times |
12 Fri Apr 2024 | 1428.70 | 1457.00 | 1461.50 | 1425.55 | 0.385 times |
10 Wed Apr 2024 | 1456.25 | 1454.90 | 1480.95 | 1452.00 | 0.435 times |
09 Tue Apr 2024 | 1456.40 | 1482.05 | 1488.90 | 1450.00 | 0.617 times |
08 Mon Apr 2024 | 1483.10 | 1442.00 | 1487.00 | 1436.55 | 1.101 times |
05 Fri Apr 2024 | 1440.20 | 1395.60 | 1470.80 | 1390.00 | 2.818 times |
04 Thu Apr 2024 | 1394.95 | 1412.95 | 1418.15 | 1382.45 | 0.528 times |
03 Wed Apr 2024 | 1405.35 | 1399.05 | 1407.80 | 1388.00 | 0.55 times |
My analysis of stock is bullish for shortterm, and stock might move up till 1451.3 or till 1528.6. Use a stoploss of 1386.91 and if this stock hits its stoploss, then it can fall down till 1322.49
Share price targets for Mahanagar Gas (MGL)
Target Type | Value |
Downside Target | 1043.10 |
Downside Target | 1168.25 |
Downside Target | 1201.00 |
Downside Target | 1231.40 |
Downside Target | 1316.50 |
Upside Target | 1425.55 |
Upside Target | 1470.80 |
Upside Target | 1488.80 |
Upside Target | 1488.90 |
Upside Target | 1489.00 |
Upside Target | 1554.30 |
Upside Target | 1580.00 |
Intraday share price targets for Mahanagar Gas (MGL)
Target Type | Value |
Downside Intraday Target | 1367.77 |
Downside Intraday Target | 1334.33 |
Upside Intraday Target | 1461.82 |
Upside Intraday Target | 1522.43 |
Upside Intraday Target | 1428.38 |
Weekly technical analysis of Mahanagar Gas (MGL)
Date | Weekly Closing Price | Open | High | Low | Volume |
18 Thu Apr 2024 | 1401.20 | 1422.00 | 1489.00 | 1394.95 | 1.766 times |
12 Fri Apr 2024 | 1428.70 | 1442.00 | 1488.90 | 1425.55 | 0.507 times |
05 Fri Apr 2024 | 1440.20 | 1368.50 | 1470.80 | 1365.65 | 1.589 times |
28 Thu Mar 2024 | 1364.05 | 1342.00 | 1381.00 | 1316.50 | 0.616 times |
22 Fri Mar 2024 | 1339.50 | 1270.90 | 1342.70 | 1248.70 | 0.462 times |
Price has moved down this week, and volume has increased substantially. This means that the move can continue in coming weeks.
Monthly technical analysis of Mahanagar Gas (MGL)
Date | Monthly Closing Price | Open | High | Low | Volume |
18 Thu Apr 2024 | 1401.20 | 1368.50 | 1489.00 | 1365.65 | 0.273 times |
28 Thu Mar 2024 | 1364.05 | 1498.95 | 1580.00 | 1201.00 | 2.54 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 |
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 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 term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, 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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.
ADX buy sell signal for Mahanagar Gas stock for short term is BUY. Signal strength is Weak and stock is losing momentum.
MACD generated a BUY signal for Mahanagar Gas in short term and the buy signal is strong.
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 tired and bears are picking up momentum.
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
Although the stock is in the BUY zone, but buying might be slowing down
Stock of Mahanagar Gas is picking up selling momentum according to indicator.
Volume based indicators are showing selling momentum.
Volume Weighted Averaged Price (VWAP) for short term is 1440.83 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 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 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 term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, 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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.
ADX buy sell signal for Mahanagar Gas stock for short term is BUY. Signal strength is Weak and stock is losing momentum.
MACD generated a BUY signal for Mahanagar Gas in short term and the buy signal is strong.
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 tired and bears are picking up momentum.
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
Although the stock is in the BUY zone, but buying might be slowing down
Stock of Mahanagar Gas is picking up selling momentum according to indicator.
Volume based indicators are showing selling momentum.
Volume Weighted Averaged Price (VWAP) for short term is 1440.83 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 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.
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Daily charts
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