(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 2024-05-22 View latest technical analysis
10 day averaged volume of Mahanagar Gas is 499996
Date | Daily Closing Price | Open | High | Low | Volume |
22 Wed May 2024 | 1298.20 | 1309.75 | 1309.75 | 1290.65 | 0.609 times |
21 Tue May 2024 | 1297.70 | 1319.80 | 1319.80 | 1295.50 | 0.588 times |
18 Sat May 2024 | 1319.80 | 1322.00 | 1334.00 | 1312.00 | 0.054 times |
17 Fri May 2024 | 1318.95 | 1310.00 | 1324.30 | 1298.00 | 0.623 times |
16 Thu May 2024 | 1310.50 | 1293.85 | 1314.00 | 1289.95 | 0.797 times |
15 Wed May 2024 | 1285.10 | 1319.45 | 1329.20 | 1280.00 | 0.612 times |
14 Tue May 2024 | 1317.85 | 1289.05 | 1328.60 | 1289.00 | 0.839 times |
13 Mon May 2024 | 1285.80 | 1335.90 | 1335.90 | 1269.50 | 1.214 times |
10 Fri May 2024 | 1300.35 | 1325.00 | 1334.60 | 1257.00 | 3.289 times |
09 Thu May 2024 | 1329.75 | 1370.00 | 1400.00 | 1324.45 | 1.012 times |
My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 1300.1, but if it comes above 1300.1, then a intra day buy could be more profitable.
If you take a sell trade below 1300.1, then use 1300.1 as stoploss and 1222.3 as target. However if you take a buy trade in stock , then use 1300.1 as stoploss and 1364.88 as target.
Share price targets for Mahanagar Gas (MGL)
Target Type | Value |
Downside Target | 1168.25 |
Downside Target | 1201.00 |
Downside Target | 1257.00 |
Upside Target | 1319.80 |
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 | 1285.97 |
Downside Intraday Target | 1273.73 |
Upside Intraday Target | 1315.12 |
Upside Intraday Target | 1332.03 |
Upside Intraday Target | 1302.88 |
Weekly technical analysis of Mahanagar Gas (MGL)
Date | Weekly Closing Price | Open | High | Low | Volume |
22 Wed May 2024 | 1298.20 | 1319.80 | 1319.80 | 1290.65 | 0.289 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 |
22 Wed May 2024 | 1298.20 | 1445.00 | 1474.00 | 1257.00 | 0.819 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 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 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 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 getting stronger in this stock.
Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be moving up
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 1304.01 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 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 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 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 getting stronger in this stock.
Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be moving up
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 1304.01 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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