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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 2024-07-04 View latest technical analysis

10 day averaged volume of Mahanagar Gas is 1792177

Date	Daily Closing Price	Open	High	Low	Volume
04 Thu Jul 2024	1666.15	1698.50	1701.80	1657.40	0.362 times
03 Wed Jul 2024	1697.35	1715.65	1724.20	1686.00	0.383 times
02 Tue Jul 2024	1709.40	1760.05	1858.35	1655.75	2.595 times
01 Mon Jul 2024	1746.80	1604.90	1756.55	1596.10	2.782 times
28 Fri Jun 2024	1596.90	1510.00	1628.00	1510.00	2.109 times
27 Thu Jun 2024	1503.40	1493.55	1522.65	1490.80	0.396 times
26 Wed Jun 2024	1499.85	1496.00	1506.55	1487.20	0.146 times
25 Tue Jun 2024	1495.80	1487.20	1510.45	1484.55	0.141 times
24 Mon Jun 2024	1487.20	1480.25	1510.00	1459.50	0.23 times
21 Fri Jun 2024	1487.45	1505.45	1529.00	1475.00	0.583 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 1621.4, but if it comes below 1621.4, then a intra day sell could be more profitable.
If you take a sell trade below 1621.4, then use 1621.4 as stoploss and 1513.02 as target. However if you take a buy trade in stock , then use 1621.4 as stoploss and 1751.5 as target.

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	1555.38
Downside Intraday Target	1444.62
Upside Intraday Target	1817.63
Upside Intraday Target	1969.12
Upside Intraday Target	1706.87

Weekly technical analysis of Mahanagar Gas (MGL)

Date	Weekly Closing Price	Open	High	Low	Volume
04 Thu Jul 2024	1666.15	1604.90	1858.35	1596.10	2.026 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
04 Thu Jul 2024	1666.15	1604.90	1858.35	1596.10	0.698 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 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 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 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 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 1660.44 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.