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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 2024-06-07 View latest technical analysis

10 day averaged volume of Mahanagar Gas is 492601

Date	Daily Closing Price	Open	High	Low	Volume
07 Fri Jun 2024	1381.05	1362.95	1404.65	1357.40	0.825 times
06 Thu Jun 2024	1360.20	1327.70	1379.90	1324.95	0.686 times
05 Wed Jun 2024	1314.70	1301.15	1323.95	1260.00	0.964 times
04 Tue Jun 2024	1262.95	1379.95	1379.95	1180.35	1.996 times
03 Mon Jun 2024	1378.60	1350.00	1390.15	1319.75	2.713 times
31 Fri May 2024	1298.00	1287.00	1314.10	1280.00	1.557 times
30 Thu May 2024	1280.90	1306.95	1307.15	1274.00	0.505 times
29 Wed May 2024	1303.80	1286.00	1305.15	1282.55	0.417 times
28 Tue May 2024	1294.15	1310.00	1310.00	1282.25	0.39 times
27 Mon May 2024	1304.95	1305.90	1316.00	1288.60	0.536 times

Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 1376.2, for a target of 1340 or 1309.85

Share price targets for Mahanagar Gas (MGL)

Target Type	Value
Downside Target	1180.35
Downside Target	1257.00
Downside Target	1316.00
Downside Target	1365.65
Upside Target	1404.65
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	1239.38
Downside Intraday Target	1097.72
Upside Intraday Target	1463.68
Upside Intraday Target	1546.32
Downside Intraday Target	1322.02

Weekly technical analysis of Mahanagar Gas (MGL)

Date	Weekly Closing Price	Open	High	Low	Volume
07 Fri Jun 2024	1381.05	1350.00	1404.65	1180.35	2.11 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 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
07 Fri Jun 2024	1381.05	1350.00	1404.65	1180.35	0.404 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 up 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 buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

Price action analysis of Mahanagar Gas ( (MGL) ) based on a short to mid term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

Price action analysis of Mahanagar Gas ( (MGL) ) based on a mid to longer term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

ADX buy sell signal for Mahanagar Gas stock for short term is BUY. Signal strength is Weak 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 is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting stronger in this stock.

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

CCI has generated a buy signal for Mahanagar Gas in short term and BUY signal is strong.

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 1323.69 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 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.