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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 2024-08-27 View latest technical analysis

10 day averaged volume of Mahanagar Gas is 300441

Date	Daily Closing Price	Open	High	Low	Volume
27 Tue Aug 2024	1779.45	1779.00	1790.95	1764.45	0.912 times
26 Mon Aug 2024	1772.15	1779.00	1779.80	1757.25	0.494 times
23 Fri Aug 2024	1767.00	1814.00	1819.85	1762.50	1.175 times
22 Thu Aug 2024	1814.75	1868.10	1869.05	1808.00	0.689 times
21 Wed Aug 2024	1858.35	1839.35	1862.60	1827.60	0.447 times
20 Tue Aug 2024	1836.70	1850.45	1874.95	1818.05	0.72 times
19 Mon Aug 2024	1840.85	1832.00	1868.50	1817.90	1.705 times
16 Fri Aug 2024	1817.90	1744.40	1823.00	1744.35	2.022 times
14 Wed Aug 2024	1730.10	1771.20	1792.75	1719.15	1.394 times
13 Tue Aug 2024	1790.70	1840.00	1846.55	1786.70	0.687 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 1774.4 as stoploss in an intra day buy trade for a target of 1812.51. However, stock will show a bearish move below 1774.4.

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	1757.25
Upside Target	1846.55
Upside Target	1859.95
Upside Target	1874.95
Upside Target	1883.55
Upside Target	1912.15

Intraday share price targets for Mahanagar Gas (MGL)

Target Type	Value
Downside Intraday Target	1760.82
Downside Intraday Target	1742.18
Upside Intraday Target	1794.52
Upside Intraday Target	1809.58
Downside Intraday Target	1775.88

Weekly technical analysis of Mahanagar Gas (MGL)

Date	Weekly Closing Price	Open	High	Low	Volume
27 Tue Aug 2024	1779.45	1779.00	1790.95	1757.25	0.297 times
23 Fri Aug 2024	1767.00	1832.00	1874.95	1762.50	0.993 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

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
27 Tue Aug 2024	1779.45	1871.00	1883.55	1719.15	0.276 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 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 short term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

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 SELL. 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 in or below 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 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 1799.36 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.