(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 2024-05-30 View latest technical analysis
10 day averaged volume of Mahanagar Gas is 234976
Date | Daily Closing Price | Open | High | Low | Volume |
30 Thu May 2024 | 1280.90 | 1306.95 | 1307.15 | 1274.00 | 1.058 times |
29 Wed May 2024 | 1303.80 | 1286.00 | 1305.15 | 1282.55 | 0.874 times |
28 Tue May 2024 | 1294.15 | 1310.00 | 1310.00 | 1282.25 | 0.817 times |
27 Mon May 2024 | 1304.95 | 1305.90 | 1316.00 | 1288.60 | 1.124 times |
24 Fri May 2024 | 1291.05 | 1292.00 | 1302.00 | 1287.30 | 0.498 times |
23 Thu May 2024 | 1292.65 | 1300.75 | 1309.30 | 1286.35 | 1.003 times |
22 Wed May 2024 | 1298.20 | 1309.75 | 1309.75 | 1290.65 | 1.295 times |
21 Tue May 2024 | 1297.70 | 1319.80 | 1319.80 | 1295.50 | 1.252 times |
18 Sat May 2024 | 1319.80 | 1322.00 | 1334.00 | 1312.00 | 0.115 times |
17 Fri May 2024 | 1318.95 | 1310.00 | 1324.30 | 1298.00 | 1.326 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 1279.2 as stoploss in an intra day buy trade for a target of 1319.49. However, stock will show a bearish move below 1279.2.
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 | 1264.6 |
Downside Intraday Target | 1248.3 |
Upside Intraday Target | 1306.6 |
Upside Intraday Target | 1332.3 |
Upside Intraday Target | 1290.3 |
Weekly technical analysis of Mahanagar Gas (MGL)
Date | Weekly Closing Price | Open | High | Low | Volume |
30 Thu May 2024 | 1280.90 | 1305.90 | 1316.00 | 1274.00 | 0.957 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 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 |
30 Thu May 2024 | 1280.90 | 1445.00 | 1474.00 | 1257.00 | 0.973 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 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 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.
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 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 positive zone. This is a BUY 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 1299.39 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 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 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.
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 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 positive zone. This is a BUY 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 1299.39 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.
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Daily charts
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