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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 2024-04-19 View latest technical analysis

10 day averaged volume of Mahanagar Gas is 530450

Date	Daily Closing Price	Open	High	Low	Volume
19 Fri Apr 2024	1391.35	1396.00	1401.40	1367.20	0.579 times
18 Thu Apr 2024	1401.20	1468.80	1489.00	1394.95	1.394 times
16 Tue Apr 2024	1464.45	1453.00	1475.00	1440.00	0.777 times
15 Mon Apr 2024	1453.90	1422.00	1485.00	1404.00	1.935 times
12 Fri Apr 2024	1428.70	1457.00	1461.50	1425.55	0.353 times
10 Wed Apr 2024	1456.25	1454.90	1480.95	1452.00	0.398 times
09 Tue Apr 2024	1456.40	1482.05	1488.90	1450.00	0.565 times
08 Mon Apr 2024	1483.10	1442.00	1487.00	1436.55	1.009 times
05 Fri Apr 2024	1440.20	1395.60	1470.80	1390.00	2.582 times
04 Thu Apr 2024	1394.95	1412.95	1418.15	1382.45	0.484 times

My analysis of stock is bearish for shortterm, and stock might move down till 1334.6 or till 1264.4. Use a stoploss of 1393.03 and if the stock hits stoploss, then it can shoot up till 1451.49

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	1342.7
Downside Intraday Target	1294.05
Upside Intraday Target	1464.5
Upside Intraday Target	1537.65
Upside Intraday Target	1415.85

Weekly technical analysis of Mahanagar Gas (MGL)

Date	Weekly Closing Price	Open	High	Low	Volume
19 Fri Apr 2024	1391.35	1422.00	1489.00	1367.20	2.015 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
19 Fri Apr 2024	1391.35	1368.50	1489.00	1365.65	0.287 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 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 sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

ADX buy sell signal for Mahanagar Gas stock for short term is SELL. Signal strength is Weak 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 in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. 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 but selling is losing 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 1439.76 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.