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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 2024-09-05 View latest technical analysis

10 day averaged volume of Mahanagar Gas is 360902

Date	Daily Closing Price	Open	High	Low	Volume
05 Thu Sep 2024	1876.70	1841.25	1912.00	1841.20	2.836 times
04 Wed Sep 2024	1838.30	1820.05	1870.70	1815.40	1.716 times
03 Tue Sep 2024	1832.05	1807.00	1835.30	1801.55	0.649 times
02 Mon Sep 2024	1806.50	1794.45	1849.00	1793.25	1.403 times
30 Fri Aug 2024	1792.10	1796.20	1838.00	1784.80	1.541 times
29 Thu Aug 2024	1778.40	1794.00	1819.90	1753.50	1.367 times
28 Wed Aug 2024	1789.15	1785.00	1798.75	1769.00	0.603 times
27 Tue Aug 2024	1779.45	1779.00	1790.95	1764.45	0.759 times
26 Mon Aug 2024	1772.15	1779.00	1779.80	1757.25	0.412 times
23 Fri Aug 2024	1767.00	1814.00	1819.85	1762.50	0.978 times

Stock of Mahanagar Gas (MGL) has showed a significant upmove. This could be a good time to enter in this stock!

Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 1882.2, for a target of 1841.6 or 1807.86

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
Downside Target	1838.00
Downside Target	1859.95
Downside Target	1874.95
Upside Target	1883.55
Upside Target	1912.00
Upside Target	1912.15

Intraday share price targets for Mahanagar Gas (MGL)

Target Type	Value
Downside Intraday Target	1809.3
Downside Intraday Target	1741.9
Upside Intraday Target	1928.05
Upside Intraday Target	1979.4
Downside Intraday Target	1860.65

Weekly technical analysis of Mahanagar Gas (MGL)

Date	Weekly Closing Price	Open	High	Low	Volume
05 Thu Sep 2024	1876.70	1794.45	1912.00	1793.25	1.411 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
05 Thu Sep 2024	1876.70	1794.45	1912.00	1793.25	0.289 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 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 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 Strong and stock is gaining momentum.

MACD generated a BUY signal for Mahanagar Gas in short term and the buy signal is strong.

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

Mahanagar Gas Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! 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 SELL signal in short term but selling 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 1816.76 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 rising upwards.

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 is giving positive 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.