(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 2024-04-23 View latest technical analysis
10 day averaged volume of Mahanagar Gas is 559788
Date | Daily Closing Price | Open | High | Low | Volume |
23 Tue Apr 2024 | 1407.40 | 1390.95 | 1418.80 | 1382.00 | 0.461 times |
22 Mon Apr 2024 | 1383.70 | 1405.30 | 1405.30 | 1370.00 | 0.911 times |
19 Fri Apr 2024 | 1391.35 | 1396.00 | 1401.40 | 1367.20 | 0.549 times |
18 Thu Apr 2024 | 1401.20 | 1468.80 | 1489.00 | 1394.95 | 1.321 times |
16 Tue Apr 2024 | 1464.45 | 1453.00 | 1475.00 | 1440.00 | 0.736 times |
15 Mon Apr 2024 | 1453.90 | 1422.00 | 1485.00 | 1404.00 | 1.833 times |
12 Fri Apr 2024 | 1428.70 | 1457.00 | 1461.50 | 1425.55 | 0.334 times |
10 Wed Apr 2024 | 1456.25 | 1454.90 | 1480.95 | 1452.00 | 0.377 times |
09 Tue Apr 2024 | 1456.40 | 1482.05 | 1488.90 | 1450.00 | 0.536 times |
08 Mon Apr 2024 | 1483.10 | 1442.00 | 1487.00 | 1436.55 | 0.956 times |
My analysis of stock is bullish for shortterm, and stock might move up till 1448.1 or till 1499.5. Use a stoploss of 1405.26 and if this stock hits its stoploss, then it can fall down till 1362.43
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 |
Downside Target | 1365.65 |
Upside Target | 1418.80 |
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 | 1378.67 |
Downside Intraday Target | 1349.93 |
Upside Intraday Target | 1427.47 |
Upside Intraday Target | 1447.53 |
Downside Intraday Target | 1398.73 |
Weekly technical analysis of Mahanagar Gas (MGL)
Date | Weekly Closing Price | Open | High | Low | Volume |
23 Tue Apr 2024 | 1407.40 | 1405.30 | 1418.80 | 1370.00 | 0.309 times |
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 |
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 |
23 Tue Apr 2024 | 1407.40 | 1368.50 | 1489.00 | 1365.65 | 0.323 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 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 neutral. A longer time frame might give a better analysis.
Price action analysis of Mahanagar Gas ( (MGL) ) based on a mid to longer 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.
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 but the sell signal is initial and weak.
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 green color and prices are in or below the green 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 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 1433.95 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 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 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 neutral. A longer time frame might give a better analysis.
Price action analysis of Mahanagar Gas ( (MGL) ) based on a mid to longer 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.
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 but the sell signal is initial and weak.
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 green color and prices are in or below the green 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 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 1433.95 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.
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Daily charts
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