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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 2024-08-19 View latest technical analysis

10 day averaged volume of Mahanagar Gas is 472651

Date	Daily Closing Price	Open	High	Low	Volume
19 Mon Aug 2024	1840.85	1832.00	1868.50	1817.90	1.084 times
16 Fri Aug 2024	1817.90	1744.40	1823.00	1744.35	1.285 times
14 Wed Aug 2024	1730.10	1771.20	1792.75	1719.15	0.886 times
13 Tue Aug 2024	1790.70	1840.00	1846.55	1786.70	0.437 times
12 Mon Aug 2024	1826.80	1806.00	1838.60	1786.25	0.424 times
09 Fri Aug 2024	1805.95	1810.50	1829.00	1802.75	0.491 times
08 Thu Aug 2024	1803.20	1815.00	1836.00	1792.75	1.004 times
07 Wed Aug 2024	1813.35	1787.00	1817.00	1774.10	0.826 times
06 Tue Aug 2024	1767.90	1789.95	1854.00	1758.10	1.378 times
05 Mon Aug 2024	1793.30	1805.00	1859.95	1764.95	2.152 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 1850.4 as stoploss in an intra day sell trade for a target of 1802.94. However, stock will show a bullish move above 1850.4.

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	1719.15
Downside Target	1758.10
Downside Target	1805.00
Upside Target	1859.95
Upside Target	1868.50
Upside Target	1883.55
Upside Target	1912.15

Intraday share price targets for Mahanagar Gas (MGL)

Target Type	Value
Downside Intraday Target	1816.33
Downside Intraday Target	1791.82
Upside Intraday Target	1866.93
Upside Intraday Target	1893.02
Upside Intraday Target	1842.42

Weekly technical analysis of Mahanagar Gas (MGL)

Date	Weekly Closing Price	Open	High	Low	Volume
19 Mon Aug 2024	1840.85	1832.00	1868.50	1817.90	0.358 times
16 Fri Aug 2024	1817.90	1806.00	1846.55	1719.15	0.518 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

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
19 Mon Aug 2024	1840.85	1871.00	1883.55	1719.15	0.223 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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

Price action analysis of Mahanagar Gas ( (MGL) ) based on a short to mid 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 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 gaining momentum.

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

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

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 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 but buying is losing 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 1797.1 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.