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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 2024-09-16 View latest technical analysis

10 day averaged volume of Mahanagar Gas is 520226

Date	Daily Closing Price	Open	High	Low	Volume
16 Mon Sep 2024	1821.40	1798.65	1829.05	1793.95	0.285 times
13 Fri Sep 2024	1798.65	1828.85	1841.20	1790.05	0.357 times
12 Thu Sep 2024	1829.85	1823.40	1854.00	1815.65	0.357 times
11 Wed Sep 2024	1808.20	1888.00	1888.95	1793.00	0.845 times
10 Tue Sep 2024	1864.70	1843.15	1903.85	1842.00	1.446 times
09 Mon Sep 2024	1845.45	1841.90	1906.00	1828.00	1.597 times
06 Fri Sep 2024	1839.00	1876.70	1902.60	1826.40	0.816 times
05 Thu Sep 2024	1876.70	1841.25	1912.00	1841.20	1.968 times
04 Wed Sep 2024	1838.30	1820.05	1870.70	1815.40	1.19 times
03 Tue Sep 2024	1832.05	1807.00	1835.30	1801.55	0.45 times

My analysis of stock is bullish for shortterm, and stock might move up till 1848.6 or till 1886. Use a stoploss of 1817.44 and if this stock hits its stoploss, then it can fall down till 1786.27

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	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	1800.55
Downside Intraday Target	1779.7
Upside Intraday Target	1835.65
Upside Intraday Target	1849.9
Downside Intraday Target	1814.8

Weekly technical analysis of Mahanagar Gas (MGL)

Date	Weekly Closing Price	Open	High	Low	Volume
16 Mon Sep 2024	1821.40	1798.65	1829.05	1793.95	0.062 times
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

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
16 Mon Sep 2024	1821.40	1794.45	1912.00	1790.05	0.649 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 moving up

CCI has generated a buy signal for Mahanagar Gas in short term but BUY signal is weak.

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 1846.4 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.