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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 2024-10-16 View latest technical analysis

10 day averaged volume of Mahanagar Gas is 517405

Date	Daily Closing Price	Open	High	Low	Volume
16 Wed Oct 2024	1786.75	1833.40	1840.85	1765.00	1.038 times
15 Tue Oct 2024	1833.40	1791.85	1857.00	1791.85	1.053 times
14 Mon Oct 2024	1791.85	1837.00	1842.70	1786.10	1.308 times
11 Fri Oct 2024	1834.00	1861.00	1870.90	1831.30	0.359 times
10 Thu Oct 2024	1869.50	1829.90	1909.80	1826.50	2.038 times
09 Wed Oct 2024	1820.30	1840.00	1860.00	1818.00	0.46 times
08 Tue Oct 2024	1828.80	1816.10	1856.05	1797.30	0.868 times
07 Mon Oct 2024	1824.80	1920.00	1923.75	1818.75	0.704 times
04 Fri Oct 2024	1910.35	1955.00	1955.00	1893.65	1.015 times
03 Thu Oct 2024	1946.75	1899.10	1958.00	1877.00	1.712 times

Although my analysis for stock is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 1763, for a target of 1830.3 or 1886.33

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	1765.00
Upside Target	1857.00
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	1748.83
Downside Intraday Target	1710.92
Upside Intraday Target	1840.83
Upside Intraday Target	1894.92
Upside Intraday Target	1802.92

Weekly technical analysis of Mahanagar Gas (MGL)

Date	Weekly Closing Price	Open	High	Low	Volume
16 Wed Oct 2024	1786.75	1837.00	1857.00	1765.00	0.767 times
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

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
16 Wed Oct 2024	1786.75	1950.00	1958.00	1765.00	0.325 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 definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this 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 and the sell signal is strong.

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 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 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 1854.91 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 negative.

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