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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 2024-07-23 View latest technical analysis

10 day averaged volume of Mahanagar Gas is 848320

Date	Daily Closing Price	Open	High	Low	Volume
23 Tue Jul 2024	1716.00	1736.10	1747.05	1639.65	0.64 times
22 Mon Jul 2024	1729.55	1683.00	1751.30	1683.00	0.647 times
19 Fri Jul 2024	1698.00	1730.00	1730.95	1689.05	0.448 times
18 Thu Jul 2024	1727.35	1735.05	1777.80	1712.00	0.889 times
16 Tue Jul 2024	1736.95	1741.25	1753.45	1727.10	0.398 times
15 Mon Jul 2024	1742.10	1696.05	1752.55	1683.55	1.127 times
12 Fri Jul 2024	1696.50	1709.00	1727.65	1682.10	0.565 times
11 Thu Jul 2024	1703.60	1717.80	1718.50	1673.20	0.802 times
10 Wed Jul 2024	1715.80	1693.95	1737.45	1661.65	2.535 times
09 Tue Jul 2024	1664.25	1752.20	1762.25	1654.15	2.025 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 1749.7 as stoploss in an intra day sell trade for a target of 1670.71. However, stock will show a bullish move above 1749.7.

Share price targets for Mahanagar Gas (MGL)

Target Type	Value
Downside Target	1180.35
Downside Target	1257.00
Downside Target	1365.65
Downside Target	1459.50
Downside Target	1580.00
Downside Target	1628.00
Downside Target	1641.55
Downside Target	1683.55
Upside Target	1751.30
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	1653.33
Downside Intraday Target	1590.67
Upside Intraday Target	1764.98
Upside Intraday Target	1813.97
Downside Intraday Target	1702.32

Weekly technical analysis of Mahanagar Gas (MGL)

Date	Weekly Closing Price	Open	High	Low	Volume
23 Tue Jul 2024	1716.00	1683.00	1751.30	1639.65	0.45 times
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

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
23 Tue Jul 2024	1716.00	1604.90	1858.35	1596.10	1.311 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 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 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 to mid 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 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 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 1708.29 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.