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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 2024-09-02 View latest technical analysis

10 day averaged volume of Mahanagar Gas is 311247

Date	Daily Closing Price	Open	High	Low	Volume
02 Mon Sep 2024	1806.50	1794.45	1849.00	1793.25	1.627 times
30 Fri Aug 2024	1792.10	1796.20	1838.00	1784.80	1.787 times
29 Thu Aug 2024	1778.40	1794.00	1819.90	1753.50	1.585 times
28 Wed Aug 2024	1789.15	1785.00	1798.75	1769.00	0.699 times
27 Tue Aug 2024	1779.45	1779.00	1790.95	1764.45	0.88 times
26 Mon Aug 2024	1772.15	1779.00	1779.80	1757.25	0.477 times
23 Fri Aug 2024	1767.00	1814.00	1819.85	1762.50	1.134 times
22 Thu Aug 2024	1814.75	1868.10	1869.05	1808.00	0.665 times
21 Wed Aug 2024	1858.35	1839.35	1862.60	1827.60	0.432 times
20 Tue Aug 2024	1836.70	1850.45	1874.95	1818.05	0.695 times

My analysis of stock is bullish for shortterm, and stock might move up till 1828.3 or till 1863.2. Use a stoploss of 1799.23 and if this stock hits its stoploss, then it can fall down till 1770.15

Share price targets for Mahanagar Gas (MGL)

Target Type	Value
Downside Target	1180.35
Downside Target	1257.00
Downside Target	1474.00
Downside Target	1596.10
Downside Target	1628.00
Downside Target	1719.15
Downside Target	1753.50
Upside Target	1838.00
Upside Target	1849.00
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	1783.5
Downside Intraday Target	1760.5
Upside Intraday Target	1839.25
Upside Intraday Target	1872
Upside Intraday Target	1816.25

Weekly technical analysis of Mahanagar Gas (MGL)

Date	Weekly Closing Price	Open	High	Low	Volume
02 Mon Sep 2024	1806.50	1794.45	1849.00	1793.25	0.3 times
30 Fri Aug 2024	1792.10	1779.00	1838.00	1753.50	1.187 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

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
02 Mon Sep 2024	1806.50	1794.45	1849.00	1793.25	0.061 times
30 Fri Aug 2024	1792.10	1871.00	1883.55	1719.15	0.326 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

Scroll below to view daily charts

Price has moved up 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 positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

Price action analysis of Mahanagar Gas ( (MGL) ) based on a short to mid term time period is neutral. A longer time frame might give a better analysis.

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.

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 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 1794.62 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.