(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 2024-05-15 View latest technical analysis
10 day averaged volume of Mahanagar Gas is 533952
Date | Daily Closing Price | Open | High | Low | Volume |
15 Wed May 2024 | 1285.10 | 1319.45 | 1329.20 | 1280.00 | 0.573 times |
14 Tue May 2024 | 1317.85 | 1289.05 | 1328.60 | 1289.00 | 0.786 times |
13 Mon May 2024 | 1285.80 | 1335.90 | 1335.90 | 1269.50 | 1.137 times |
10 Fri May 2024 | 1300.35 | 1325.00 | 1334.60 | 1257.00 | 3.08 times |
09 Thu May 2024 | 1329.75 | 1370.00 | 1400.00 | 1324.45 | 0.947 times |
08 Wed May 2024 | 1378.60 | 1335.00 | 1396.80 | 1327.65 | 0.911 times |
07 Tue May 2024 | 1337.65 | 1419.95 | 1423.10 | 1330.00 | 1.058 times |
06 Mon May 2024 | 1412.90 | 1434.50 | 1443.95 | 1403.15 | 0.367 times |
03 Fri May 2024 | 1429.10 | 1461.35 | 1474.00 | 1414.60 | 0.79 times |
02 Thu May 2024 | 1457.15 | 1445.00 | 1469.30 | 1440.10 | 0.45 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 1260.5, for a target of 1331.1 or 1390.03
Share price targets for Mahanagar Gas (MGL)
Target Type | Value |
Downside Target | 1168.25 |
Downside Target | 1201.00 |
Downside Target | 1257.00 |
Upside Target | 1335.90 |
Upside Target | 1365.65 |
Upside Target | 1414.60 |
Upside Target | 1474.00 |
Upside Target | 1488.80 |
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 | 1257.77 |
Downside Intraday Target | 1230.43 |
Upside Intraday Target | 1324.17 |
Upside Intraday Target | 1363.23 |
Upside Intraday Target | 1296.83 |
Weekly technical analysis of Mahanagar Gas (MGL)
Date | Weekly Closing Price | Open | High | Low | Volume |
15 Wed May 2024 | 1285.10 | 1335.90 | 1335.90 | 1269.50 | 0.392 times |
10 Fri May 2024 | 1300.35 | 1434.50 | 1443.95 | 1257.00 | 3.113 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 |
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 |
15 Wed May 2024 | 1285.10 | 1445.00 | 1474.00 | 1257.00 | 0.657 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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.
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 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 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 and the sell signal is strong.
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
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 1334.08 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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.
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 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 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 and the sell signal is strong.
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
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 1334.08 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.
Click here for Mahanagar Gas charts
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Daily charts
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