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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 2024-07-10 View latest technical analysis

10 day averaged volume of Mahanagar Gas is 1853745

Date	Daily Closing Price	Open	High	Low	Volume
10 Wed Jul 2024	1715.80	1693.95	1737.45	1661.65	1.16 times
09 Tue Jul 2024	1664.25	1752.20	1762.25	1654.15	0.927 times
08 Mon Jul 2024	1669.00	1700.25	1708.05	1641.55	0.258 times
05 Fri Jul 2024	1699.40	1667.55	1713.40	1650.00	0.333 times
04 Thu Jul 2024	1666.15	1698.50	1701.80	1657.40	0.35 times
03 Wed Jul 2024	1697.35	1715.65	1724.20	1686.00	0.371 times
02 Tue Jul 2024	1709.40	1760.05	1858.35	1655.75	2.509 times
01 Mon Jul 2024	1746.80	1604.90	1756.55	1596.10	2.69 times
28 Fri Jun 2024	1596.90	1510.00	1628.00	1510.00	2.039 times
27 Thu Jun 2024	1503.40	1493.55	1522.65	1490.80	0.383 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 1678.9, but if it comes below 1678.9, then a intra day sell could be more profitable.
If you take a sell trade below 1678.9, then use 1678.9 as stoploss and 1571.82 as target. However if you take a buy trade in stock , then use 1678.9 as stoploss and 1807.3 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
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	1650.82
Downside Intraday Target	1585.83
Upside Intraday Target	1771.52
Upside Intraday Target	1827.23
Downside Intraday Target	1706.53

Weekly technical analysis of Mahanagar Gas (MGL)

Date	Weekly Closing Price	Open	High	Low	Volume
10 Wed Jul 2024	1715.80	1700.25	1762.25	1641.55	0.375 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 up 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
10 Wed Jul 2024	1715.80	1604.90	1858.35	1596.10	1.013 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 buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

Price action analysis of Mahanagar Gas ( (MGL) ) based on a short term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this 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 stronger in this stock.

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 and the buying is gaining momentum.

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying 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 1684.41 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.