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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 2024-10-29 View latest technical analysis

10 day averaged volume of Mahanagar Gas is 1029367

Date	Daily Closing Price	Open	High	Low	Volume
29 Tue Oct 2024	1425.95	1420.00	1434.10	1394.00	0.693 times
28 Mon Oct 2024	1415.70	1480.00	1485.65	1412.75	0.868 times
25 Fri Oct 2024	1497.25	1515.00	1524.65	1469.25	0.771 times
24 Thu Oct 2024	1542.95	1581.20	1592.85	1530.75	0.496 times
23 Wed Oct 2024	1579.55	1531.80	1589.60	1524.30	0.457 times
22 Tue Oct 2024	1531.85	1566.55	1597.90	1525.20	0.448 times
21 Mon Oct 2024	1566.55	1588.05	1616.60	1562.50	0.563 times
18 Fri Oct 2024	1582.25	1689.95	1689.95	1503.75	5.051 times
17 Thu Oct 2024	1762.10	1790.00	1795.70	1754.00	0.294 times
16 Wed Oct 2024	1786.75	1833.40	1840.85	1765.00	0.522 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 1543.7, but if it comes above 1543.7, then a intra day buy could be more profitable.
If you take a sell trade below 1543.7, then use 1543.7 as stoploss and 1340.3 as target. However if you take a buy trade in stock , then use 1543.7 as stoploss and 1713.29 as target.

Share price targets for Mahanagar Gas (MGL)

Target Type	Value
Downside Target	1180.35
Downside Target	1394.00
Upside Target	1469.25
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	1384.75
Downside Intraday Target	1343.55
Upside Intraday Target	1476.4
Upside Intraday Target	1526.85
Upside Intraday Target	1435.2

Weekly technical analysis of Mahanagar Gas (MGL)

Date	Weekly Closing Price	Open	High	Low	Volume
29 Tue Oct 2024	1425.95	1480.00	1485.65	1394.00	0.571 times
25 Fri Oct 2024	1497.25	1588.05	1616.60	1469.25	0.388 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

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
29 Tue Oct 2024	1425.95	1950.00	1958.00	1394.00	0.889 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 red color and prices are below the red 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 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 1561.49 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.