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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 2024-07-09 View latest technical analysis

10 day averaged volume of Mahanagar Gas is 1707219

Date	Daily Closing Price	Open	High	Low	Volume
09 Tue Jul 2024	1664.25	1752.20	1762.25	1654.15	1.006 times
08 Mon Jul 2024	1669.00	1700.25	1708.05	1641.55	0.28 times
05 Fri Jul 2024	1699.40	1667.55	1713.40	1650.00	0.361 times
04 Thu Jul 2024	1666.15	1698.50	1701.80	1657.40	0.38 times
03 Wed Jul 2024	1697.35	1715.65	1724.20	1686.00	0.402 times
02 Tue Jul 2024	1709.40	1760.05	1858.35	1655.75	2.724 times
01 Mon Jul 2024	1746.80	1604.90	1756.55	1596.10	2.921 times
28 Fri Jun 2024	1596.90	1510.00	1628.00	1510.00	2.214 times
27 Thu Jun 2024	1503.40	1493.55	1522.65	1490.80	0.416 times
26 Wed Jun 2024	1499.85	1496.00	1506.55	1487.20	0.154 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 1663.6, but if it comes below 1663.6, then a intra day sell could be more profitable.
If you take a sell trade below 1663.6, then use 1663.6 as stoploss and 1556.98 as target. However if you take a buy trade in stock , then use 1663.6 as stoploss and 1791.5 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
Downside Target	1641.55
Upside Target	1762.25
Upside Target	1858.35

Intraday share price targets for Mahanagar Gas (MGL)

Target Type	Value
Downside Intraday Target	1616.45
Downside Intraday Target	1568.65
Upside Intraday Target	1737.15
Upside Intraday Target	1810.05
Upside Intraday Target	1689.35

Weekly technical analysis of Mahanagar Gas (MGL)

Date	Weekly Closing Price	Open	High	Low	Volume
09 Tue Jul 2024	1664.25	1700.25	1762.25	1641.55	0.189 times
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

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
09 Tue Jul 2024	1664.25	1604.90	1858.35	1596.10	0.876 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 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 negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

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.

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

RSI is generating a BUY signal in short term and the buying is gaining 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 1678.15 and Mahanagar Gas (MGL) stock is trading below this level. This means that stock is falling with high volumes. 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.