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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 2024-09-27 View latest technical analysis

10 day averaged volume of Mahanagar Gas is 1169820

Date Daily Closing Price Open High Low Volume
27 Fri Sep 2024 1946.60 1963.00 1970.00 1940.00 0.286 times
26 Thu Sep 2024 1964.95 1959.70 1987.90 1933.40 0.736 times
25 Wed Sep 2024 1948.60 1912.00 1988.00 1912.00 1.095 times
24 Tue Sep 2024 1929.00 1933.00 1954.00 1920.95 0.6 times
23 Mon Sep 2024 1932.10 1904.00 1949.80 1870.00 1.001 times
20 Fri Sep 2024 1904.65 1920.00 1925.90 1865.05 0.519 times
19 Thu Sep 2024 1915.25 1888.05 1932.40 1846.10 0.948 times
18 Wed Sep 2024 1883.30 1918.65 1933.95 1861.10 0.663 times
17 Tue Sep 2024 1909.95 1857.80 1943.00 1857.80 4.153 times
16 Mon Sep 2024 1821.40 1798.65 1829.05 1793.95 0.127 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 1926.7, but if it comes below 1926.7, then a intra day sell could be more profitable.
If you take a sell trade below 1926.7, then use 1926.7 as stoploss and 1874.76 as target. However if you take a buy trade in stock , then use 1926.7 as stoploss and 1989 as target.

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
Downside Target 1943.00
Upside Target 1988.00

Intraday share price targets for Mahanagar Gas (MGL)

Target Type Value
Downside Intraday Target 1881.73
Downside Intraday Target 1816.87
Upside Intraday Target 1999.73
Upside Intraday Target 2052.87
Downside Intraday Target 1934.87

Weekly technical analysis of Mahanagar Gas (MGL)

Date Weekly Closing Price Open High Low Volume
27 Fri Sep 2024 1946.60 1904.00 1988.00 1870.00 0.58 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
27 Fri Sep 2024 1946.60 1794.45 1988.00 1790.05 2.069 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 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 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 losing 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 tired and bears are picking up momentum.

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

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

RSI is generating a BUY signal in short term and the buying is gaining 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 1919.85 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.

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 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 losing 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 tired and bears are picking up momentum.

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

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

RSI is generating a BUY signal in short term and the buying is gaining 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 1919.85 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.

Click here for Mahanagar Gas charts

Click here for further forecast and predictions for tomorrow

Daily charts

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Daily chart
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