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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 2024-05-29 View latest technical analysis

10 day averaged volume of Mahanagar Gas is 245028

Date	Daily Closing Price	Open	High	Low	Volume
29 Wed May 2024	1303.80	1286.00	1305.15	1282.55	0.838 times
28 Tue May 2024	1294.15	1310.00	1310.00	1282.25	0.783 times
27 Mon May 2024	1304.95	1305.90	1316.00	1288.60	1.078 times
24 Fri May 2024	1291.05	1292.00	1302.00	1287.30	0.478 times
23 Thu May 2024	1292.65	1300.75	1309.30	1286.35	0.962 times
22 Wed May 2024	1298.20	1309.75	1309.75	1290.65	1.242 times
21 Tue May 2024	1297.70	1319.80	1319.80	1295.50	1.2 times
18 Sat May 2024	1319.80	1322.00	1334.00	1312.00	0.11 times
17 Fri May 2024	1318.95	1310.00	1324.30	1298.00	1.272 times
16 Thu May 2024	1310.50	1293.85	1314.00	1289.95	1.626 times

My analysis of stock is bearish for shortterm, and stock might move down till 1279.1 or till 1220.1. Use a stoploss of 1328.3 and if the stock hits stoploss, then it can shoot up till 1377.49

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	1285.37
Downside Intraday Target	1266.93
Upside Intraday Target	1319.12
Upside Intraday Target	1334.43
Downside Intraday Target	1300.68

Weekly technical analysis of Mahanagar Gas (MGL)

Date	Weekly Closing Price	Open	High	Low	Volume
29 Wed May 2024	1303.80	1305.90	1316.00	1282.25	0.695 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
29 Wed May 2024	1303.80	1445.00	1474.00	1257.00	0.943 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 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 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 losing momentum.

MACD generated a BUY signal for Mahanagar Gas in short term but the buy signal is initial and weak.

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 weakening, and bulls are picking up momentum!

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be moving up

CCI has generated a buy signal for Mahanagar Gas in short term but BUY signal is weak.

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 1303.23 and Mahanagar Gas (MGL) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is rising upwards.

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 is giving positive 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.