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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 2024-07-30 View latest technical analysis

10 day averaged volume of Mahanagar Gas is 701732

Date	Daily Closing Price	Open	High	Low	Volume
30 Tue Jul 2024	1891.70	1840.00	1902.00	1825.35	0.994 times
29 Mon Jul 2024	1839.95	1850.00	1868.30	1809.50	0.64 times
26 Fri Jul 2024	1846.10	1770.05	1853.30	1737.00	2.402 times
25 Thu Jul 2024	1752.45	1738.05	1769.00	1725.25	1.237 times
24 Wed Jul 2024	1753.05	1708.05	1771.50	1701.20	0.705 times
23 Tue Jul 2024	1716.00	1736.10	1747.05	1639.65	0.774 times
22 Mon Jul 2024	1729.55	1683.00	1751.30	1683.00	0.782 times
19 Fri Jul 2024	1698.00	1730.00	1730.95	1689.05	0.542 times
18 Thu Jul 2024	1727.35	1735.05	1777.80	1712.00	1.074 times
16 Tue Jul 2024	1736.95	1741.25	1753.45	1727.10	0.481 times

Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 1863.4, for a target of 1792.1 or 1732.73

Share price targets for Mahanagar Gas (MGL)

Target Type	Value
Downside Target	1180.35
Downside Target	1257.00
Downside Target	1365.65
Downside Target	1474.00
Downside Target	1580.00
Downside Target	1628.00
Downside Target	1683.55
Downside Target	1762.25
Downside Target	1777.80
Downside Target	1809.50
Downside Target	1853.30
Downside Target	1858.35
Upside Target	1902.00

Intraday share price targets for Mahanagar Gas (MGL)

Target Type	Value
Downside Intraday Target	1833.47
Downside Intraday Target	1775.23
Upside Intraday Target	1925.97
Upside Intraday Target	1960.23
Downside Intraday Target	1867.73

Weekly technical analysis of Mahanagar Gas (MGL)

Date	Weekly Closing Price	Open	High	Low	Volume
30 Tue Jul 2024	1891.70	1850.00	1902.00	1809.50	0.277 times
26 Fri Jul 2024	1846.10	1683.00	1853.30	1639.65	1.705 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

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
30 Tue Jul 2024	1891.70	1604.90	1902.00	1596.10	1.577 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, and volume has increased substantially. This means that the move can 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 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 is trading near its recent HIGHS, which reflects strong buying momentum in short term! 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 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 1784.61 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.