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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 2024-10-10 View latest technical analysis

10 day averaged volume of Mahanagar Gas is 572381

Date	Daily Closing Price	Open	High	Low	Volume
10 Thu Oct 2024	1869.50	1829.90	1909.80	1826.50	1.842 times
09 Wed Oct 2024	1820.30	1840.00	1860.00	1818.00	0.416 times
08 Tue Oct 2024	1828.80	1816.10	1856.05	1797.30	0.785 times
07 Mon Oct 2024	1824.80	1920.00	1923.75	1818.75	0.636 times
04 Fri Oct 2024	1910.35	1955.00	1955.00	1893.65	0.917 times
03 Thu Oct 2024	1946.75	1899.10	1958.00	1877.00	1.548 times
01 Tue Oct 2024	1915.20	1950.00	1950.00	1912.00	0.437 times
30 Mon Sep 2024	1940.40	1930.00	1954.95	1918.30	0.934 times
27 Fri Sep 2024	1946.60	1963.00	1970.00	1940.00	0.585 times
26 Thu Sep 2024	1964.95	1959.70	1987.90	1933.40	1.504 times

My analysis of stock is bearish for shortterm, and stock might move down till 1840.3 or till 1778.2. Use a stoploss of 1892.02 and if the stock hits stoploss, then it can shoot up till 1943.75

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	1803.28
Downside Intraday Target	1737.07
Upside Intraday Target	1929.73
Upside Intraday Target	1989.97
Downside Intraday Target	1863.52

Weekly technical analysis of Mahanagar Gas (MGL)

Date	Weekly Closing Price	Open	High	Low	Volume
10 Thu Oct 2024	1869.50	1920.00	1923.75	1797.30	0.959 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
10 Thu Oct 2024	1869.50	1950.00	1958.00	1797.30	0.214 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 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 mid to longer term time period is neutral. A longer time frame might give a better analysis.

ADX buy sell signal for Mahanagar Gas stock for short term is SELL. Signal strength is Weak and stock is losing 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 weakening, and bulls are picking up momentum!

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 but selling 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 1906.05 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.