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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 2024-08-14 View latest technical analysis

10 day averaged volume of Mahanagar Gas is 457122

Date	Daily Closing Price	Open	High	Low	Volume
14 Wed Aug 2024	1730.10	1771.20	1792.75	1719.15	0.916 times
13 Tue Aug 2024	1790.70	1840.00	1846.55	1786.70	0.451 times
12 Mon Aug 2024	1826.80	1806.00	1838.60	1786.25	0.438 times
09 Fri Aug 2024	1805.95	1810.50	1829.00	1802.75	0.507 times
08 Thu Aug 2024	1803.20	1815.00	1836.00	1792.75	1.038 times
07 Wed Aug 2024	1813.35	1787.00	1817.00	1774.10	0.854 times
06 Tue Aug 2024	1767.90	1789.95	1854.00	1758.10	1.425 times
05 Mon Aug 2024	1793.30	1805.00	1859.95	1764.95	2.225 times
02 Fri Aug 2024	1845.85	1820.00	1861.90	1805.00	1.156 times
01 Thu Aug 2024	1824.55	1871.00	1883.55	1815.05	0.881 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 1737.7, but if it comes above 1737.7, then a intra day buy could be more profitable.
If you take a sell trade below 1737.7, then use 1737.7 as stoploss and 1673.5 as target. However if you take a buy trade in stock , then use 1737.7 as stoploss and 1791.27 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	1719.15
Upside Target	1758.10
Upside Target	1846.55
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	1683.98
Downside Intraday Target	1637.87
Upside Intraday Target	1811.38
Upside Intraday Target	1892.67
Upside Intraday Target	1765.27

Weekly technical analysis of Mahanagar Gas (MGL)

Date	Weekly Closing Price	Open	High	Low	Volume
14 Wed Aug 2024	1730.10	1806.00	1846.55	1719.15	0.298 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 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
14 Wed Aug 2024	1730.10	1871.00	1883.55	1719.15	0.179 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 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 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 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 SELL. Signal strength is Weak and stock is gaining momentum.

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

Mahanagar Gas Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.

Ichimoku cloud is of green color and prices are in or below 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 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 1797.5 and Mahanagar Gas (MGL) stock is trading below this level. This means that stock is falling with high volumes. 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.