(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 2024-05-31 View latest technical analysis
10 day averaged volume of Mahanagar Gas is 219998
Date | Daily Closing Price | Open | High | Low | Volume |
31 Fri May 2024 | 1298.00 | 1287.00 | 1314.10 | 1280.00 | 3.486 times |
30 Thu May 2024 | 1280.90 | 1306.95 | 1307.15 | 1274.00 | 1.13 times |
29 Wed May 2024 | 1303.80 | 1286.00 | 1305.15 | 1282.55 | 0.933 times |
28 Tue May 2024 | 1294.15 | 1310.00 | 1310.00 | 1282.25 | 0.872 times |
27 Mon May 2024 | 1304.95 | 1305.90 | 1316.00 | 1288.60 | 1.201 times |
24 Fri May 2024 | 1291.05 | 1292.00 | 1302.00 | 1287.30 | 0.532 times |
23 Thu May 2024 | 1292.65 | 1300.75 | 1309.30 | 1286.35 | 1.072 times |
22 Wed May 2024 | 1298.20 | 1309.75 | 1309.75 | 1290.65 | 1.384 times |
21 Tue May 2024 | 1297.70 | 1319.80 | 1319.80 | 1295.50 | 1.337 times |
18 Sat May 2024 | 1319.80 | 1322.00 | 1334.00 | 1312.00 | 0.123 times |
Stock of Mahanagar Gas (MGL) has showed a significant upmove. This could be a good time to enter in this stock!
My analysis of stock is bearish for shortterm, and stock might move down till 1281.3 or till 1243.2. Use a stoploss of 1312.93 and if the stock hits stoploss, then it can shoot up till 1344.61
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 | 1276 |
Downside Intraday Target | 1254 |
Upside Intraday Target | 1318 |
Upside Intraday Target | 1338 |
Downside Intraday Target | 1296 |
Weekly technical analysis of Mahanagar Gas (MGL)
Date | Weekly Closing Price | Open | High | Low | Volume |
31 Fri May 2024 | 1298.00 | 1305.90 | 1316.00 | 1274.00 | 1.763 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, and volume has increased substantially. This means that the move can continue in coming weeks.
Monthly technical analysis of Mahanagar Gas (MGL)
Date | Monthly Closing Price | Open | High | Low | Volume |
31 Fri May 2024 | 1298.00 | 1445.00 | 1474.00 | 1257.00 | 1.067 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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.
Price action analysis of Mahanagar Gas ( (MGL) ) based on a short term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.
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 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 1296.69 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 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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.
Price action analysis of Mahanagar Gas ( (MGL) ) based on a short term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.
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 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 1296.69 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 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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