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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 2024-06-04 View latest technical analysis

10 day averaged volume of Mahanagar Gas is 396447

Date	Daily Closing Price	Open	High	Low	Volume
04 Tue Jun 2024	1262.95	1379.95	1379.95	1180.35	2.48 times
03 Mon Jun 2024	1378.60	1350.00	1390.15	1319.75	3.371 times
31 Fri May 2024	1298.00	1287.00	1314.10	1280.00	1.934 times
30 Thu May 2024	1280.90	1306.95	1307.15	1274.00	0.627 times
29 Wed May 2024	1303.80	1286.00	1305.15	1282.55	0.518 times
28 Tue May 2024	1294.15	1310.00	1310.00	1282.25	0.484 times
27 Mon May 2024	1304.95	1305.90	1316.00	1288.60	0.666 times
24 Fri May 2024	1291.05	1292.00	1302.00	1287.30	0.295 times
23 Thu May 2024	1292.65	1300.75	1309.30	1286.35	0.595 times
22 Wed May 2024	1298.20	1309.75	1309.75	1290.65	0.768 times

Stock of Mahanagar Gas (MGL) has showed a significant fall. This could be a good time to exit from this stock.

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 1279.5, but if it comes above 1279.5, then a intra day buy could be more profitable.
If you take a sell trade below 1279.5, then use 1279.5 as stoploss and 1245.9 as target. However if you take a buy trade in stock , then use 1279.5 as stoploss and 1307.48 as target.

Share price targets for Mahanagar Gas (MGL)

Target Type	Value
Downside Target	1180.35
Downside Target	1257.00
Upside Target	1316.00
Upside Target	1365.65
Upside Target	1390.15
Upside Target	1435.70
Upside Target	1443.95
Upside Target	1474.00
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	1165.48
Downside Intraday Target	1068.02
Upside Intraday Target	1375.28
Upside Intraday Target	1487.62
Upside Intraday Target	1277.82

Weekly technical analysis of Mahanagar Gas (MGL)

Date	Weekly Closing Price	Open	High	Low	Volume
04 Tue Jun 2024	1262.95	1350.00	1390.15	1180.35	1.383 times
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

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
04 Tue Jun 2024	1262.95	1350.00	1390.15	1180.35	0.265 times
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

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 to mid 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 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 BUY signal for Mahanagar Gas in short term but the buy signal is initial and weak.

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. Bulls 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 and selling is picking up 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 1312.88 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.