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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 2024-10-11 View latest technical analysis

10 day averaged volume of Mahanagar Gas is 549687

Date	Daily Closing Price	Open	High	Low	Volume
11 Fri Oct 2024	1834.00	1861.00	1870.90	1831.30	0.338 times
10 Thu Oct 2024	1869.50	1829.90	1909.80	1826.50	1.918 times
09 Wed Oct 2024	1820.30	1840.00	1860.00	1818.00	0.433 times
08 Tue Oct 2024	1828.80	1816.10	1856.05	1797.30	0.817 times
07 Mon Oct 2024	1824.80	1920.00	1923.75	1818.75	0.662 times
04 Fri Oct 2024	1910.35	1955.00	1955.00	1893.65	0.955 times
03 Thu Oct 2024	1946.75	1899.10	1958.00	1877.00	1.611 times
01 Tue Oct 2024	1915.20	1950.00	1950.00	1912.00	0.455 times
30 Mon Sep 2024	1940.40	1930.00	1954.95	1918.30	0.972 times
27 Fri Sep 2024	1946.60	1963.00	1970.00	1940.00	0.609 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 1840.7, but if it comes above 1840.7, then a intra day buy could be more profitable.
If you take a sell trade below 1840.7, then use 1840.7 as stoploss and 1779 as target. However if you take a buy trade in stock , then use 1840.7 as stoploss and 1892.23 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	1779.62
Downside Intraday Target	1725.23
Upside Intraday Target	1906.07
Upside Intraday Target	1978.13
Upside Intraday Target	1851.68

Weekly technical analysis of Mahanagar Gas (MGL)

Date	Weekly Closing Price	Open	High	Low	Volume
11 Fri Oct 2024	1834.00	1920.00	1923.75	1797.30	1.044 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
11 Fri Oct 2024	1834.00	1950.00	1958.00	1797.30	0.225 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 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 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 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 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 coming down

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

Although the stock is in the BUY zone, but buying 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 1892.76 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.