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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 2024-04-29 View latest technical analysis

10 day averaged volume of Mahanagar Gas is 430274

Date	Daily Closing Price	Open	High	Low	Volume
29 Mon Apr 2024	1442.20	1475.00	1475.00	1432.05	0.41 times
26 Fri Apr 2024	1460.95	1448.00	1496.00	1444.55	0.872 times
25 Thu Apr 2024	1449.25	1419.70	1452.00	1414.45	0.608 times
24 Wed Apr 2024	1422.35	1409.00	1424.65	1397.75	0.525 times
23 Tue Apr 2024	1407.40	1390.95	1418.80	1382.00	0.6 times
22 Mon Apr 2024	1383.70	1405.30	1405.30	1370.00	1.185 times
19 Fri Apr 2024	1391.35	1396.00	1401.40	1367.20	0.714 times
18 Thu Apr 2024	1401.20	1468.80	1489.00	1394.95	1.719 times
16 Tue Apr 2024	1464.45	1453.00	1475.00	1440.00	0.957 times
15 Mon Apr 2024	1453.90	1422.00	1485.00	1404.00	2.385 times

My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 1457 as stoploss in an intra day sell trade for a target of 1424.58. However, stock will show a bullish move above 1457.

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	1365.65
Downside Target	1425.55
Upside Target	1470.80
Upside Target	1488.90
Upside Target	1489.00
Upside Target	1496.00
Upside Target	1554.30
Upside Target	1580.00

Intraday share price targets for Mahanagar Gas (MGL)

Target Type	Value
Downside Intraday Target	1424.5
Downside Intraday Target	1406.8
Upside Intraday Target	1467.45
Upside Intraday Target	1492.7
Upside Intraday Target	1449.75

Weekly technical analysis of Mahanagar Gas (MGL)

Date	Weekly Closing Price	Open	High	Low	Volume
29 Mon Apr 2024	1442.20	1475.00	1475.00	1432.05	0.108 times
26 Fri Apr 2024	1460.95	1405.30	1496.00	1370.00	0.656 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

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
29 Mon Apr 2024	1442.20	1368.50	1496.00	1365.65	0.372 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 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 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 to mid 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.

Price action analysis of Mahanagar Gas ( (MGL) ) based on a mid to longer term time period is neutral. A longer time frame might give a better analysis.

ADX buy sell signal for Mahanagar Gas stock for short term is BUY. Signal strength is Strong and stock is losing momentum.

MACD generated a BUY signal for Mahanagar Gas in short term and the buy 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 green color and prices are above the green cloud Prices appear to be coming down

CCI has generated a SELL signal for Mahanagar Gas in short term but SELL signal is weak.

RSI is generating a SELL signal in short term but selling is losing momentum.

MRSI is in negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling 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 1428.41 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 rising upwards.

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 positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.