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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 2024-08-12 View latest technical analysis

10 day averaged volume of Mahanagar Gas is 531093

Date	Daily Closing Price	Open	High	Low	Volume
12 Mon Aug 2024	1826.80	1806.00	1838.60	1786.25	0.377 times
09 Fri Aug 2024	1805.95	1810.50	1829.00	1802.75	0.437 times
08 Thu Aug 2024	1803.20	1815.00	1836.00	1792.75	0.894 times
07 Wed Aug 2024	1813.35	1787.00	1817.00	1774.10	0.735 times
06 Tue Aug 2024	1767.90	1789.95	1854.00	1758.10	1.226 times
05 Mon Aug 2024	1793.30	1805.00	1859.95	1764.95	1.915 times
02 Fri Aug 2024	1845.85	1820.00	1861.90	1805.00	0.995 times
01 Thu Aug 2024	1824.55	1871.00	1883.55	1815.05	0.759 times
31 Wed Jul 2024	1869.55	1896.95	1912.15	1852.00	0.881 times
30 Tue Jul 2024	1891.70	1840.00	1902.00	1825.35	1.313 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 1843.4 as stoploss in an intra day sell trade for a target of 1789.18. However, stock will show a bullish move above 1843.4.

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	1758.10
Upside Target	1838.60
Upside Target	1853.30
Upside Target	1859.95
Upside Target	1883.55
Upside Target	1912.15

Intraday share price targets for Mahanagar Gas (MGL)

Target Type	Value
Downside Intraday Target	1795.83
Downside Intraday Target	1764.87
Upside Intraday Target	1848.18
Upside Intraday Target	1869.57
Downside Intraday Target	1817.22

Weekly technical analysis of Mahanagar Gas (MGL)

Date	Weekly Closing Price	Open	High	Low	Volume
12 Mon Aug 2024	1826.80	1806.00	1838.60	1786.25	0.072 times
09 Fri Aug 2024	1805.95	1805.00	1859.95	1758.10	1.086 times
02 Fri Aug 2024	1845.85	1850.00	1912.15	1805.00	0.615 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

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
12 Mon Aug 2024	1826.80	1871.00	1883.55	1758.10	0.154 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 term time period is neutral. A longer time frame might give a better analysis.

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 Weak 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. Bears 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 but BUY 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

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 1822.99 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 falling down

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 has given negative 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.