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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 2024-05-07 View latest technical analysis

10 day averaged volume of Mahanagar Gas is 291840

Date	Daily Closing Price	Open	High	Low	Volume
07 Tue May 2024	1337.65	1419.95	1423.10	1330.00	1.936 times
06 Mon May 2024	1412.90	1434.50	1443.95	1403.15	0.672 times
03 Fri May 2024	1429.10	1461.35	1474.00	1414.60	1.446 times
02 Thu May 2024	1457.15	1445.00	1469.30	1440.10	0.823 times
30 Tue Apr 2024	1443.50	1444.15	1474.00	1438.10	0.867 times
29 Mon Apr 2024	1442.20	1475.00	1475.00	1432.05	0.605 times
26 Fri Apr 2024	1460.95	1448.00	1496.00	1444.55	1.285 times
25 Thu Apr 2024	1449.25	1419.70	1452.00	1414.45	0.896 times
24 Wed Apr 2024	1422.35	1409.00	1424.65	1397.75	0.773 times
23 Tue Apr 2024	1407.40	1390.95	1418.80	1382.00	0.885 times

Although my analysis for stock is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 1357.6, for a target of 1397.7 or 1431.09

Share price targets for Mahanagar Gas (MGL)

Target Type	Value
Downside Target	1168.25
Downside Target	1201.00
Downside Target	1330.00
Upside Target	1365.65
Upside Target	1414.60
Upside Target	1474.00
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	1297.12
Downside Intraday Target	1256.58
Upside Intraday Target	1411.07
Upside Intraday Target	1484.48
Upside Intraday Target	1370.53

Weekly technical analysis of Mahanagar Gas (MGL)

Date	Weekly Closing Price	Open	High	Low	Volume
07 Tue May 2024	1337.65	1434.50	1443.95	1330.00	0.697 times
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

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
07 Tue May 2024	1337.65	1445.00	1474.00	1330.00	0.173 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 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 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 Strong 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 is trading near its recent LOWS in short term which reflects strong selling momentum. 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 and selling is picking up 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 1418.31 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 positive

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