(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 2024-07-05 View latest technical analysis
10 day averaged volume of Mahanagar Gas is 1743364
Date | Daily Closing Price | Open | High | Low | Volume |
05 Fri Jul 2024 | 1699.40 | 1667.55 | 1713.40 | 1650.00 | 0.354 times |
04 Thu Jul 2024 | 1666.15 | 1698.50 | 1701.80 | 1657.40 | 0.372 times |
03 Wed Jul 2024 | 1697.35 | 1715.65 | 1724.20 | 1686.00 | 0.394 times |
02 Tue Jul 2024 | 1709.40 | 1760.05 | 1858.35 | 1655.75 | 2.668 times |
01 Mon Jul 2024 | 1746.80 | 1604.90 | 1756.55 | 1596.10 | 2.86 times |
28 Fri Jun 2024 | 1596.90 | 1510.00 | 1628.00 | 1510.00 | 2.168 times |
27 Thu Jun 2024 | 1503.40 | 1493.55 | 1522.65 | 1490.80 | 0.407 times |
26 Wed Jun 2024 | 1499.85 | 1496.00 | 1506.55 | 1487.20 | 0.151 times |
25 Tue Jun 2024 | 1495.80 | 1487.20 | 1510.45 | 1484.55 | 0.145 times |
24 Mon Jun 2024 | 1487.20 | 1480.25 | 1510.00 | 1459.50 | 0.236 times |
My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 1639.7, but if it comes below 1639.7, then a intra day sell could be more profitable.
If you take a sell trade below 1639.7, then use 1639.7 as stoploss and 1529.98 as target. However if you take a buy trade in stock , then use 1639.7 as stoploss and 1771.3 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 | 1577.55 |
Downside Intraday Target | 1455.7 |
Upside Intraday Target | 1839.8 |
Upside Intraday Target | 1980.2 |
Upside Intraday Target | 1717.95 |
Weekly technical analysis of Mahanagar Gas (MGL)
Date | Weekly Closing Price | Open | High | Low | Volume |
05 Fri Jul 2024 | 1699.40 | 1604.90 | 1858.35 | 1596.10 | 2.14 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 |
05 Fri Jul 2024 | 1699.40 | 1604.90 | 1858.35 | 1596.10 | 0.737 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 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 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 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 moving up
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 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 1672.48 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.
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 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 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 moving up
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 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 1672.48 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.
Click here for Mahanagar Gas charts
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Daily charts
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