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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 2024-10-01 View latest technical analysis

10 day averaged volume of Mahanagar Gas is 1223321

Date	Daily Closing Price	Open	High	Low	Volume
01 Tue Oct 2024	1915.20	1950.00	1950.00	1912.00	0.205 times
30 Mon Sep 2024	1940.40	1930.00	1954.95	1918.30	0.437 times
27 Fri Sep 2024	1946.60	1963.00	1970.00	1940.00	0.274 times
26 Thu Sep 2024	1964.95	1959.70	1987.90	1933.40	0.704 times
25 Wed Sep 2024	1948.60	1912.00	1988.00	1912.00	1.048 times
24 Tue Sep 2024	1929.00	1933.00	1954.00	1920.95	0.573 times
23 Mon Sep 2024	1932.10	1904.00	1949.80	1870.00	0.957 times
20 Fri Sep 2024	1904.65	1920.00	1925.90	1865.05	0.497 times
19 Thu Sep 2024	1915.25	1888.05	1932.40	1846.10	0.906 times
18 Wed Sep 2024	1883.30	1918.65	1933.95	1861.10	0.634 times

My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 1936.1 as stoploss in an intra day sell trade for a target of 1885.61. However, stock will show a bullish move above 1936.1.

Share price targets for Mahanagar Gas (MGL)

Target Type	Value
Downside Target	1180.35
Downside Target	1596.10
Downside Target	1628.00
Downside Target	1719.15
Downside Target	1790.05
Downside Target	1870.00
Downside Target	1912.00
Downside Target	1912.15
Upside Target	1943.00
Upside Target	1950.00
Upside Target	1954.95
Upside Target	1988.00

Intraday share price targets for Mahanagar Gas (MGL)

Target Type	Value
Downside Intraday Target	1899.82
Downside Intraday Target	1884.43
Upside Intraday Target	1942.77
Upside Intraday Target	1970.33
Upside Intraday Target	1927.38

Weekly technical analysis of Mahanagar Gas (MGL)

Date	Weekly Closing Price	Open	High	Low	Volume
01 Tue Oct 2024	1915.20	1930.00	1954.95	1912.00	0.18 times
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

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
01 Tue Oct 2024	1915.20	1950.00	1950.00	1912.00	0.014 times
30 Mon Sep 2024	1940.40	1794.45	1988.00	1790.05	2.133 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

Scroll below to view daily charts

Price has moved down 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 Strong and stock is losing momentum.

MACD generated a BUY signal for Mahanagar Gas in short term and the buy signal is strong.

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 BUY signal in short term but buying is losing 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 1929.36 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 positive

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