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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 2024-09-03 View latest technical analysis

10 day averaged volume of Mahanagar Gas is 310638

Date	Daily Closing Price	Open	High	Low	Volume
03 Tue Sep 2024	1832.05	1807.00	1835.30	1801.55	0.754 times
02 Mon Sep 2024	1806.50	1794.45	1849.00	1793.25	1.63 times
30 Fri Aug 2024	1792.10	1796.20	1838.00	1784.80	1.79 times
29 Thu Aug 2024	1778.40	1794.00	1819.90	1753.50	1.588 times
28 Wed Aug 2024	1789.15	1785.00	1798.75	1769.00	0.7 times
27 Tue Aug 2024	1779.45	1779.00	1790.95	1764.45	0.882 times
26 Mon Aug 2024	1772.15	1779.00	1779.80	1757.25	0.478 times
23 Fri Aug 2024	1767.00	1814.00	1819.85	1762.50	1.137 times
22 Thu Aug 2024	1814.75	1868.10	1869.05	1808.00	0.666 times
21 Wed Aug 2024	1858.35	1839.35	1862.60	1827.60	0.433 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 1831.1, but if it comes below 1831.1, then a intra day sell could be more profitable.
If you take a sell trade below 1831.1, then use 1831.1 as stoploss and 1801.17 as target. However if you take a buy trade in stock , then use 1831.1 as stoploss and 1866.9 as target.

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	1800.53
Downside Intraday Target	1769.02
Upside Intraday Target	1856.28
Upside Intraday Target	1880.52
Downside Intraday Target	1824.77

Weekly technical analysis of Mahanagar Gas (MGL)

Date	Weekly Closing Price	Open	High	Low	Volume
03 Tue Sep 2024	1832.05	1794.45	1849.00	1793.25	0.438 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
03 Tue Sep 2024	1832.05	1794.45	1849.00	1793.25	0.09 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 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.

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. Bears are weakening, and bulls are picking up momentum!

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 SELL signal in short term and selling is picking up momentum.

MRSI is in positive zone. This is a BUY zone

Stock of Mahanagar Gas is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 1794.51 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.