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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 2024-05-28 View latest technical analysis

10 day averaged volume of Mahanagar Gas is 267796

Date	Daily Closing Price	Open	High	Low	Volume
28 Tue May 2024	1294.15	1310.00	1310.00	1282.25	0.717 times
27 Mon May 2024	1304.95	1305.90	1316.00	1288.60	0.987 times
24 Fri May 2024	1291.05	1292.00	1302.00	1287.30	0.437 times
23 Thu May 2024	1292.65	1300.75	1309.30	1286.35	0.881 times
22 Wed May 2024	1298.20	1309.75	1309.75	1290.65	1.137 times
21 Tue May 2024	1297.70	1319.80	1319.80	1295.50	1.098 times
18 Sat May 2024	1319.80	1322.00	1334.00	1312.00	0.101 times
17 Fri May 2024	1318.95	1310.00	1324.30	1298.00	1.164 times
16 Thu May 2024	1310.50	1293.85	1314.00	1289.95	1.487 times
15 Wed May 2024	1285.10	1319.45	1329.20	1280.00	1.142 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 1280.5 as stoploss in an intra day buy trade for a target of 1335.29. However, stock will show a bearish move below 1280.5.

Share price targets for Mahanagar Gas (MGL)

Target Type	Value
Downside Target	1168.25
Downside Target	1201.00
Downside Target	1257.00
Upside Target	1316.00
Upside Target	1365.65
Upside Target	1414.60
Upside Target	1443.95
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	1278.93
Downside Intraday Target	1263.72
Upside Intraday Target	1312.68
Upside Intraday Target	1331.22
Upside Intraday Target	1297.47

Weekly technical analysis of Mahanagar Gas (MGL)

Date	Weekly Closing Price	Open	High	Low	Volume
28 Tue May 2024	1294.15	1305.90	1316.00	1282.25	0.479 times
24 Fri May 2024	1291.05	1319.80	1319.80	1286.35	0.46 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

Price has moved up 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
28 Tue May 2024	1294.15	1445.00	1474.00	1257.00	0.918 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 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 neutral. A longer time frame might give a better analysis.

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.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

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 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 1300.92 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.