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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 2024-11-05 View latest technical analysis

10 day averaged volume of Mahanagar Gas is 614373

Date	Daily Closing Price	Open	High	Low	Volume
05 Tue Nov 2024	1379.55	1388.00	1390.00	1350.00	1.122 times
04 Mon Nov 2024	1387.80	1453.70	1453.70	1383.05	1.088 times
01 Fri Nov 2024	1446.05	1448.00	1455.25	1435.80	0.094 times
31 Thu Oct 2024	1441.60	1449.90	1449.90	1417.30	0.927 times
30 Wed Oct 2024	1441.90	1430.45	1456.75	1390.55	1.636 times
29 Tue Oct 2024	1425.95	1420.00	1434.10	1394.00	1.161 times
28 Mon Oct 2024	1415.70	1480.00	1485.65	1412.75	1.455 times
25 Fri Oct 2024	1497.25	1515.00	1524.65	1469.25	1.292 times
24 Thu Oct 2024	1542.95	1581.20	1592.85	1530.75	0.83 times
23 Wed Oct 2024	1579.55	1531.80	1589.60	1524.30	0.766 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 1426.5, but if it comes above 1426.5, then a intra day buy could be more profitable.
If you take a sell trade below 1426.5, then use 1426.5 as stoploss and 1222.1 as target. However if you take a buy trade in stock , then use 1426.5 as stoploss and 1596.84 as target.

Share price targets for Mahanagar Gas (MGL)

Target Type	Value
Downside Target	1350.00
Upside Target	1390.55
Upside Target	1453.70
Upside Target	1596.10
Upside Target	1719.15
Upside Target	1790.05
Upside Target	1797.30
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	1335.13
Downside Intraday Target	1290.72
Upside Intraday Target	1438.83
Upside Intraday Target	1498.12
Upside Intraday Target	1394.42

Weekly technical analysis of Mahanagar Gas (MGL)

Date	Weekly Closing Price	Open	High	Low	Volume
05 Tue Nov 2024	1379.55	1453.70	1453.70	1350.00	0.419 times
01 Fri Nov 2024	1446.05	1480.00	1485.65	1390.55	1.151 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

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
05 Tue Nov 2024	1379.55	1448.00	1455.25	1350.00	0.082 times
31 Thu Oct 2024	1441.60	1950.00	1958.00	1390.55	0.979 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

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 negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

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 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 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 1449.19 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.