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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 2024-09-11 View latest technical analysis

10 day averaged volume of Mahanagar Gas is 565790

Date	Daily Closing Price	Open	High	Low	Volume
11 Wed Sep 2024	1808.20	1888.00	1888.95	1793.00	0.777 times
10 Tue Sep 2024	1864.70	1843.15	1903.85	1842.00	1.329 times
09 Mon Sep 2024	1845.45	1841.90	1906.00	1828.00	1.469 times
06 Fri Sep 2024	1839.00	1876.70	1902.60	1826.40	0.75 times
05 Thu Sep 2024	1876.70	1841.25	1912.00	1841.20	1.809 times
04 Wed Sep 2024	1838.30	1820.05	1870.70	1815.40	1.095 times
03 Tue Sep 2024	1832.05	1807.00	1835.30	1801.55	0.414 times
02 Mon Sep 2024	1806.50	1794.45	1849.00	1793.25	0.895 times
30 Fri Aug 2024	1792.10	1796.20	1838.00	1784.80	0.983 times
29 Thu Aug 2024	1778.40	1794.00	1819.90	1753.50	0.872 times

My analysis of stock is bearish for shortterm, and stock might move down till 1777.7 or till 1733.7. Use a stoploss of 1814.39 and if the stock hits stoploss, then it can shoot up till 1851.06

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	1874.95
Upside Target	1883.55
Upside Target	1906.00
Upside Target	1912.00
Upside Target	1912.15

Intraday share price targets for Mahanagar Gas (MGL)

Target Type	Value
Downside Intraday Target	1765.47
Downside Intraday Target	1722.73
Upside Intraday Target	1878.47
Upside Intraday Target	1948.73
Upside Intraday Target	1835.73

Weekly technical analysis of Mahanagar Gas (MGL)

Date	Weekly Closing Price	Open	High	Low	Volume
11 Wed Sep 2024	1808.20	1841.90	1906.00	1793.00	0.72 times
06 Fri Sep 2024	1839.00	1794.45	1912.00	1793.25	1.662 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

Price has moved down 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
11 Wed Sep 2024	1808.20	1794.45	1912.00	1793.00	0.586 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 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 term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this 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 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. Bulls are getting tired and bears are picking up momentum.

Ichimoku cloud is of green color and prices are in or below the green cloud Prices appear to be coming down

CCI has generated a SELL signal for Mahanagar Gas in short term and SELL signal is strong!

RSI is generating a SELL signal in short term and selling is picking up 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 1834.79 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 is giving positive returns over a short term period. Returns for a longer term period have been negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.