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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 2024-06-19 View latest technical analysis

10 day averaged volume of Mahanagar Gas is 660422

Date	Daily Closing Price	Open	High	Low	Volume
19 Wed Jun 2024	1446.05	1477.70	1483.25	1443.20	0.292 times
18 Tue Jun 2024	1471.65	1465.85	1489.20	1457.50	0.572 times
14 Fri Jun 2024	1465.85	1470.00	1479.00	1455.00	0.666 times
13 Thu Jun 2024	1461.35	1458.85	1465.00	1432.05	0.737 times
12 Wed Jun 2024	1445.95	1428.00	1462.75	1422.70	0.898 times
11 Tue Jun 2024	1419.10	1418.95	1443.35	1391.05	1.067 times
10 Mon Jun 2024	1412.15	1440.00	1471.00	1400.00	2.727 times
07 Fri Jun 2024	1381.05	1362.95	1404.65	1357.40	0.615 times
06 Thu Jun 2024	1360.20	1327.70	1379.90	1324.95	0.512 times
05 Wed Jun 2024	1314.70	1301.15	1323.95	1260.00	0.719 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 1430.2, but if it comes below 1430.2, then a intra day sell could be more profitable.
If you take a sell trade below 1430.2, then use 1430.2 as stoploss and 1359.17 as target. However if you take a buy trade in stock , then use 1430.2 as stoploss and 1515.5 as target.

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
Downside Target	1435.70
Upside Target	1474.00
Upside Target	1479.00
Upside Target	1489.20
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	1429.77
Downside Intraday Target	1413.48
Upside Intraday Target	1475.77
Upside Intraday Target	1505.48
Upside Intraday Target	1459.48

Weekly technical analysis of Mahanagar Gas (MGL)

Date	Weekly Closing Price	Open	High	Low	Volume
19 Wed Jun 2024	1446.05	1465.85	1489.20	1443.20	0.142 times
14 Fri Jun 2024	1465.85	1440.00	1479.00	1391.05	1.137 times
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

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
19 Wed Jun 2024	1446.05	1350.00	1489.20	1180.35	0.929 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 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.

Price action analysis of Mahanagar Gas ( (MGL) ) based on a short to mid 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.

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 Strong and stock is losing momentum.

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

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 tired and bears are picking up momentum.

Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be coming down

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

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 1416.46 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 positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.