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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 2024-10-08 View latest technical analysis

10 day averaged volume of Mahanagar Gas is 690847

Date	Daily Closing Price	Open	High	Low	Volume
08 Tue Oct 2024	1828.80	1816.10	1856.05	1797.30	0.65 times
07 Mon Oct 2024	1824.80	1920.00	1923.75	1818.75	0.527 times
04 Fri Oct 2024	1910.35	1955.00	1955.00	1893.65	0.76 times
03 Thu Oct 2024	1946.75	1899.10	1958.00	1877.00	1.282 times
01 Tue Oct 2024	1915.20	1950.00	1950.00	1912.00	0.362 times
30 Mon Sep 2024	1940.40	1930.00	1954.95	1918.30	0.774 times
27 Fri Sep 2024	1946.60	1963.00	1970.00	1940.00	0.484 times
26 Thu Sep 2024	1964.95	1959.70	1987.90	1933.40	1.246 times
25 Wed Sep 2024	1948.60	1912.00	1988.00	1912.00	1.855 times
24 Tue Sep 2024	1929.00	1933.00	1954.00	1920.95	1.015 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 1838.4, but if it comes above 1838.4, then a intra day buy could be more profitable.
If you take a sell trade below 1838.4, then use 1838.4 as stoploss and 1775.2 as target. However if you take a buy trade in stock , then use 1838.4 as stoploss and 1891.18 as target.

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
Upside Target	1870.00
Upside Target	1912.15
Upside Target	1923.75
Upside Target	1943.00
Upside Target	1958.00
Upside Target	1988.00

Intraday share price targets for Mahanagar Gas (MGL)

Target Type	Value
Downside Intraday Target	1776.15
Downside Intraday Target	1723.5
Upside Intraday Target	1902.6
Upside Intraday Target	1976.4
Upside Intraday Target	1849.95

Weekly technical analysis of Mahanagar Gas (MGL)

Date	Weekly Closing Price	Open	High	Low	Volume
08 Tue Oct 2024	1828.80	1920.00	1923.75	1797.30	0.37 times
04 Fri Oct 2024	1910.35	1930.00	1958.00	1877.00	0.505 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

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
08 Tue Oct 2024	1828.80	1950.00	1958.00	1797.30	0.141 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 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 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 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 Strong 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 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 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 1926.99 and Mahanagar Gas (MGL) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down

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 has given negative 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.