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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 2024-07-19 View latest technical analysis

10 day averaged volume of Mahanagar Gas is 881904

Date	Daily Closing Price	Open	High	Low	Volume
19 Fri Jul 2024	1698.00	1730.00	1730.95	1689.05	0.431 times
18 Thu Jul 2024	1727.35	1735.05	1777.80	1712.00	0.855 times
16 Tue Jul 2024	1736.95	1741.25	1753.45	1727.10	0.383 times
15 Mon Jul 2024	1742.10	1696.05	1752.55	1683.55	1.084 times
12 Fri Jul 2024	1696.50	1709.00	1727.65	1682.10	0.543 times
11 Thu Jul 2024	1703.60	1717.80	1718.50	1673.20	0.771 times
10 Wed Jul 2024	1715.80	1693.95	1737.45	1661.65	2.439 times
09 Tue Jul 2024	1664.25	1752.20	1762.25	1654.15	1.948 times
08 Mon Jul 2024	1669.00	1700.25	1708.05	1641.55	0.542 times
05 Fri Jul 2024	1699.40	1667.55	1713.40	1650.00	0.7 times

My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 1740.8 as stoploss in an intra day sell trade for a target of 1647.16. However, stock will show a bullish move above 1740.8.

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	1628.00
Downside Target	1641.55
Downside Target	1683.55
Upside Target	1762.25
Upside Target	1777.80
Upside Target	1858.35

Intraday share price targets for Mahanagar Gas (MGL)

Target Type	Value
Downside Intraday Target	1661.77
Downside Intraday Target	1625.53
Upside Intraday Target	1756.02
Upside Intraday Target	1814.03
Upside Intraday Target	1719.78

Weekly technical analysis of Mahanagar Gas (MGL)

Date	Weekly Closing Price	Open	High	Low	Volume
19 Fri Jul 2024	1698.00	1696.05	1777.80	1683.55	0.441 times
12 Fri Jul 2024	1696.50	1700.25	1762.25	1641.55	0.475 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

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
19 Fri Jul 2024	1698.00	1604.90	1858.35	1596.10	1.241 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 losing momentum.

MACD generated a SELL signal for Mahanagar Gas in short term but the sell signal is initial and weak.

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 and SELL 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 1703.59 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.