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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 2024-09-13 View latest technical analysis

10 day averaged volume of Mahanagar Gas is 557247

Date	Daily Closing Price	Open	High	Low	Volume
13 Fri Sep 2024	1798.65	1828.85	1841.20	1790.05	0.334 times
12 Thu Sep 2024	1829.85	1823.40	1854.00	1815.65	0.333 times
11 Wed Sep 2024	1808.20	1888.00	1888.95	1793.00	0.789 times
10 Tue Sep 2024	1864.70	1843.15	1903.85	1842.00	1.35 times
09 Mon Sep 2024	1845.45	1841.90	1906.00	1828.00	1.491 times
06 Fri Sep 2024	1839.00	1876.70	1902.60	1826.40	0.762 times
05 Thu Sep 2024	1876.70	1841.25	1912.00	1841.20	1.837 times
04 Wed Sep 2024	1838.30	1820.05	1870.70	1815.40	1.111 times
03 Tue Sep 2024	1832.05	1807.00	1835.30	1801.55	0.42 times
02 Mon Sep 2024	1806.50	1794.45	1849.00	1793.25	0.909 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 1786.8 as stoploss in an intra day buy trade for a target of 1818.42. However, stock will show a bearish move below 1786.8.

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	1757.13
Downside Intraday Target	1715.62
Upside Intraday Target	1873.08
Upside Intraday Target	1947.52
Upside Intraday Target	1831.57

Weekly technical analysis of Mahanagar Gas (MGL)

Date	Weekly Closing Price	Open	High	Low	Volume
13 Fri Sep 2024	1798.65	1841.90	1906.00	1790.05	0.853 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
13 Fri Sep 2024	1798.65	1794.45	1912.00	1790.05	0.631 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 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 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 SELL. 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 is trading near its recent LOWS in short term which reflects strong selling momentum. 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 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

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 1843.23 and Mahanagar Gas (MGL) stock is trading below this level. This means that stock is falling with high volumes. 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 negative.

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