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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 2024-10-23 View latest technical analysis

10 day averaged volume of Mahanagar Gas is 978014

Date	Daily Closing Price	Open	High	Low	Volume
23 Wed Oct 2024	1579.55	1531.80	1589.60	1524.30	0.481 times
22 Tue Oct 2024	1531.85	1566.55	1597.90	1525.20	0.472 times
21 Mon Oct 2024	1566.55	1588.05	1616.60	1562.50	0.593 times
18 Fri Oct 2024	1582.25	1689.95	1689.95	1503.75	5.316 times
17 Thu Oct 2024	1762.10	1790.00	1795.70	1754.00	0.31 times
16 Wed Oct 2024	1786.75	1833.40	1840.85	1765.00	0.549 times
15 Tue Oct 2024	1833.40	1791.85	1857.00	1791.85	0.557 times
14 Mon Oct 2024	1791.85	1837.00	1842.70	1786.10	0.692 times
11 Fri Oct 2024	1834.00	1861.00	1870.90	1831.30	0.19 times
10 Thu Oct 2024	1869.50	1829.90	1909.80	1826.50	1.078 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 1673.4, but if it comes above 1673.4, then a intra day buy could be more profitable.
If you take a sell trade below 1673.4, then use 1673.4 as stoploss and 1510.5 as target. However if you take a buy trade in stock , then use 1673.4 as stoploss and 1809.23 as target.

Share price targets for Mahanagar Gas (MGL)

Target Type	Value
Downside Target	1180.35
Downside Target	1503.75
Upside Target	1596.10
Upside Target	1719.15
Upside Target	1790.05
Upside Target	1857.00
Upside Target	1883.55
Upside Target	1912.15
Upside Target	1923.75
Upside Target	1958.00
Upside Target	1988.00

Intraday share price targets for Mahanagar Gas (MGL)

Target Type	Value
Downside Intraday Target	1530.37
Downside Intraday Target	1481.18
Upside Intraday Target	1622.67
Upside Intraday Target	1665.78
Downside Intraday Target	1573.48

Weekly technical analysis of Mahanagar Gas (MGL)

Date	Weekly Closing Price	Open	High	Low	Volume
23 Wed Oct 2024	1579.55	1588.05	1616.60	1524.30	0.208 times
18 Fri Oct 2024	1582.25	1837.00	1857.00	1503.75	3.169 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

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
23 Wed Oct 2024	1579.55	1950.00	1958.00	1503.75	0.724 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 weakening, and bulls are picking up momentum!

Ichimoku cloud is of red color and prices are below the red 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 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 1658.05 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 negative.

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