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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 2024-08-01 View latest technical analysis

10 day averaged volume of Mahanagar Gas is 688861

Date	Daily Closing Price	Open	High	Low	Volume
01 Thu Aug 2024	1824.55	1871.00	1883.55	1815.05	0.585 times
31 Wed Jul 2024	1869.55	1896.95	1912.15	1852.00	0.679 times
30 Tue Jul 2024	1891.70	1840.00	1902.00	1825.35	1.012 times
29 Mon Jul 2024	1839.95	1850.00	1868.30	1809.50	0.652 times
26 Fri Jul 2024	1846.10	1770.05	1853.30	1737.00	2.447 times
25 Thu Jul 2024	1752.45	1738.05	1769.00	1725.25	1.26 times
24 Wed Jul 2024	1753.05	1708.05	1771.50	1701.20	0.719 times
23 Tue Jul 2024	1716.00	1736.10	1747.05	1639.65	0.788 times
22 Mon Jul 2024	1729.55	1683.00	1751.30	1683.00	0.797 times
19 Fri Jul 2024	1698.00	1730.00	1730.95	1689.05	0.552 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 1814.9, but if it comes below 1814.9, then a intra day sell could be more profitable.
If you take a sell trade below 1814.9, then use 1814.9 as stoploss and 1747.1 as target. However if you take a buy trade in stock , then use 1814.9 as stoploss and 1896.2 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	1474.00
Downside Target	1596.10
Downside Target	1628.00
Downside Target	1683.55
Downside Target	1762.25
Downside Target	1815.05
Upside Target	1853.30
Upside Target	1858.35
Upside Target	1883.55
Upside Target	1912.15

Intraday share price targets for Mahanagar Gas (MGL)

Target Type	Value
Downside Intraday Target	1785.32
Downside Intraday Target	1746.08
Upside Intraday Target	1887.97
Upside Intraday Target	1951.38
Upside Intraday Target	1848.73

Weekly technical analysis of Mahanagar Gas (MGL)

Date	Weekly Closing Price	Open	High	Low	Volume
01 Thu Aug 2024	1824.55	1850.00	1912.15	1809.50	0.487 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 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
01 Thu Aug 2024	1824.55	1871.00	1883.55	1815.05	0.016 times
31 Wed Jul 2024	1869.55	1604.90	1912.15	1596.10	1.607 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

Scroll below to view daily charts

Price has moved down 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 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 BUY signal for Mahanagar Gas in short term and the buy signal is strong.

Mahanagar Gas Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! 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 but SELL signal is weak.

RSI is generating a BUY signal in short term but buying is losing momentum.

MRSI is in positive zone. This is a BUY zone

Stock of Mahanagar Gas is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 1802.21 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.