(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 2024-05-03 View latest technical analysis
10 day averaged volume of Mahanagar Gas is 334682
Date | Daily Closing Price | Open | High | Low | Volume |
03 Fri May 2024 | 1429.10 | 1461.35 | 1474.00 | 1414.60 | 1.261 times |
02 Thu May 2024 | 1457.15 | 1445.00 | 1469.30 | 1440.10 | 0.717 times |
30 Tue Apr 2024 | 1443.50 | 1444.15 | 1474.00 | 1438.10 | 0.756 times |
29 Mon Apr 2024 | 1442.20 | 1475.00 | 1475.00 | 1432.05 | 0.527 times |
26 Fri Apr 2024 | 1460.95 | 1448.00 | 1496.00 | 1444.55 | 1.121 times |
25 Thu Apr 2024 | 1449.25 | 1419.70 | 1452.00 | 1414.45 | 0.782 times |
24 Wed Apr 2024 | 1422.35 | 1409.00 | 1424.65 | 1397.75 | 0.674 times |
23 Tue Apr 2024 | 1407.40 | 1390.95 | 1418.80 | 1382.00 | 0.772 times |
22 Mon Apr 2024 | 1383.70 | 1405.30 | 1405.30 | 1370.00 | 1.524 times |
19 Fri Apr 2024 | 1391.35 | 1396.00 | 1401.40 | 1367.20 | 0.918 times |
My analysis of stock is bearish for shortterm, and stock might move down till 1406.1 or till 1373.2. Use a stoploss of 1433.57 and if the stock hits stoploss, then it can shoot up till 1461.03
Share price targets for Mahanagar Gas (MGL)
Target Type | Value |
Downside Target | 1168.25 |
Downside Target | 1201.00 |
Downside Target | 1365.65 |
Downside Target | 1414.60 |
Upside Target | 1470.80 |
Upside Target | 1488.80 |
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 | 1404.13 |
Downside Intraday Target | 1379.17 |
Upside Intraday Target | 1464.53 |
Upside Intraday Target | 1499.97 |
Upside Intraday Target | 1439.57 |
Weekly technical analysis of Mahanagar Gas (MGL)
Date | Weekly Closing Price | Open | High | Low | Volume |
03 Fri May 2024 | 1429.10 | 1475.00 | 1475.00 | 1414.60 | 0.669 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 |
03 Fri May 2024 | 1429.10 | 1445.00 | 1474.00 | 1414.60 | 0.081 times |
30 Tue Apr 2024 | 1443.50 | 1368.50 | 1496.00 | 1365.65 | 0.384 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 |
Scroll below to view daily charts
Price has moved down 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 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 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 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 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 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 but SELL signal is weak.
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
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 1425.15 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.
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 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 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 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 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 but SELL signal is weak.
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
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 1425.15 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.
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Daily charts
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