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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 2024-09-23 View latest technical analysis

10 day averaged volume of Mahanagar Gas is 989231

Date	Daily Closing Price	Open	High	Low	Volume
23 Mon Sep 2024	1932.10	1904.00	1949.80	1870.00	1.183 times
20 Fri Sep 2024	1904.65	1920.00	1925.90	1865.05	0.614 times
19 Thu Sep 2024	1915.25	1888.05	1932.40	1846.10	1.121 times
18 Wed Sep 2024	1883.30	1918.65	1933.95	1861.10	0.784 times
17 Tue Sep 2024	1909.95	1857.80	1943.00	1857.80	4.911 times
16 Mon Sep 2024	1821.40	1798.65	1829.05	1793.95	0.15 times
13 Fri Sep 2024	1798.65	1828.85	1841.20	1790.05	0.188 times
12 Thu Sep 2024	1829.85	1823.40	1854.00	1815.65	0.188 times
11 Wed Sep 2024	1808.20	1888.00	1888.95	1793.00	0.445 times
10 Tue Sep 2024	1864.70	1843.15	1903.85	1842.00	0.76 times

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 1945.1, for a target of 1889 or 1842.26

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	1790.05
Downside Target	1838.00
Downside Target	1912.00
Downside Target	1912.15
Upside Target	1943.00
Upside Target	1949.80

Intraday share price targets for Mahanagar Gas (MGL)

Target Type	Value
Downside Intraday Target	1884.8
Downside Intraday Target	1837.5
Upside Intraday Target	1964.6
Upside Intraday Target	1997.1
Downside Intraday Target	1917.3

Weekly technical analysis of Mahanagar Gas (MGL)

Date	Weekly Closing Price	Open	High	Low	Volume
23 Mon Sep 2024	1932.10	1904.00	1949.80	1870.00	0.156 times
20 Fri Sep 2024	1904.65	1798.65	1943.00	1793.95	3.131 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

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
23 Mon Sep 2024	1932.10	1794.45	1949.80	1790.05	1.683 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, and volume has increased substantially. This means that the move can 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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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 BUY signal in short term but buying is losing 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 1898.27 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.