(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 2024-05-21 View latest technical analysis
10 day averaged volume of Mahanagar Gas is 527101
Date | Daily Closing Price | Open | High | Low | Volume |
21 Tue May 2024 | 1297.70 | 1319.80 | 1319.80 | 1295.50 | 0.558 times |
18 Sat May 2024 | 1319.80 | 1322.00 | 1334.00 | 1312.00 | 0.051 times |
17 Fri May 2024 | 1318.95 | 1310.00 | 1324.30 | 1298.00 | 0.591 times |
16 Thu May 2024 | 1310.50 | 1293.85 | 1314.00 | 1289.95 | 0.756 times |
15 Wed May 2024 | 1285.10 | 1319.45 | 1329.20 | 1280.00 | 0.58 times |
14 Tue May 2024 | 1317.85 | 1289.05 | 1328.60 | 1289.00 | 0.796 times |
13 Mon May 2024 | 1285.80 | 1335.90 | 1335.90 | 1269.50 | 1.151 times |
10 Fri May 2024 | 1300.35 | 1325.00 | 1334.60 | 1257.00 | 3.12 times |
09 Thu May 2024 | 1329.75 | 1370.00 | 1400.00 | 1324.45 | 0.96 times |
08 Wed May 2024 | 1378.60 | 1335.00 | 1396.80 | 1327.65 | 0.922 times |
My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 1306.8, but if it comes above 1306.8, then a intra day buy could be more profitable.
If you take a sell trade below 1306.8, then use 1306.8 as stoploss and 1230.6 as target. However if you take a buy trade in stock , then use 1306.8 as stoploss and 1370.34 as target.
Share price targets for Mahanagar Gas (MGL)
Target Type | Value |
Downside Target | 1168.25 |
Downside Target | 1201.00 |
Downside Target | 1257.00 |
Downside Target | 1295.50 |
Upside Target | 1365.65 |
Upside Target | 1414.60 |
Upside Target | 1474.00 |
Upside Target | 1475.00 |
Upside Target | 1488.80 |
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 | 1288.87 |
Downside Intraday Target | 1280.03 |
Upside Intraday Target | 1313.17 |
Upside Intraday Target | 1328.63 |
Upside Intraday Target | 1304.33 |
Weekly technical analysis of Mahanagar Gas (MGL)
Date | Weekly Closing Price | Open | High | Low | Volume |
21 Tue May 2024 | 1297.70 | 1319.80 | 1319.80 | 1295.50 | 0.142 times |
18 Sat May 2024 | 1319.80 | 1335.90 | 1335.90 | 1269.50 | 0.609 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 |
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 |
21 Tue May 2024 | 1297.70 | 1445.00 | 1474.00 | 1257.00 | 0.782 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 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 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 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 in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bears are weakening, and bulls are picking up momentum!
Ichimoku cloud is of red color and prices are below the red 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 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 1311.62 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 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 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 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 in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bears are weakening, and bulls are picking up momentum!
Ichimoku cloud is of red color and prices are below the red 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 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 1311.62 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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