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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 2024-07-02 View latest technical analysis

10 day averaged volume of Mahanagar Gas is 1315413

Date	Daily Closing Price	Open	High	Low	Volume
02 Tue Jul 2024	1709.40	1760.05	1858.35	1655.75	3.536 times
01 Mon Jul 2024	1746.80	1604.90	1756.55	1596.10	3.791 times
28 Fri Jun 2024	1596.90	1510.00	1628.00	1510.00	2.873 times
27 Thu Jun 2024	1503.40	1493.55	1522.65	1490.80	0.539 times
26 Wed Jun 2024	1499.85	1496.00	1506.55	1487.20	0.2 times
25 Tue Jun 2024	1495.80	1487.20	1510.45	1484.55	0.192 times
24 Mon Jun 2024	1487.20	1480.25	1510.00	1459.50	0.313 times
21 Fri Jun 2024	1487.45	1505.45	1529.00	1475.00	0.794 times
20 Thu Jun 2024	1506.70	1446.05	1520.00	1434.05	0.864 times
19 Wed Jun 2024	1446.05	1477.70	1483.25	1443.20	0.147 times

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

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 1719, for a target of 1585.2 or 1473.73

Share price targets for Mahanagar Gas (MGL)

Target Type	Value
Downside Target	1180.35
Downside Target	1257.00
Downside Target	1365.65
Downside Target	1434.05
Downside Target	1529.00
Downside Target	1580.00
Downside Target	1596.10
Downside Target	1628.00
Upside Target	1858.35

Intraday share price targets for Mahanagar Gas (MGL)

Target Type	Value
Downside Intraday Target	1584.22
Downside Intraday Target	1459.03
Upside Intraday Target	1846.47
Upside Intraday Target	1983.53
Upside Intraday Target	1721.28

Weekly technical analysis of Mahanagar Gas (MGL)

Date	Weekly Closing Price	Open	High	Low	Volume
02 Tue Jul 2024	1709.40	1604.90	1858.35	1596.10	1.78 times
28 Fri Jun 2024	1596.90	1480.25	1628.00	1459.50	1.968 times
21 Fri Jun 2024	1487.45	1465.85	1529.00	1434.05	0.684 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

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
02 Tue Jul 2024	1709.40	1604.90	1858.35	1596.10	0.613 times
28 Fri Jun 2024	1596.90	1350.00	1628.00	1180.35	1.796 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

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 gaining 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 buy signal for Mahanagar Gas in short term and BUY signal is strong.

RSI is generating a BUY signal in short term but buying 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 1646.38 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.