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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 2024-11-07 View latest technical analysis

10 day averaged volume of Mahanagar Gas is 657620

Date	Daily Closing Price	Open	High	Low	Volume
07 Thu Nov 2024	1437.65	1444.00	1455.00	1425.20	0.527 times
06 Wed Nov 2024	1434.70	1396.90	1439.00	1390.20	1.027 times
05 Tue Nov 2024	1379.55	1388.00	1390.00	1350.00	1.048 times
04 Mon Nov 2024	1387.80	1453.70	1453.70	1383.05	1.016 times
01 Fri Nov 2024	1446.05	1448.00	1455.25	1435.80	0.087 times
31 Thu Oct 2024	1441.60	1449.90	1449.90	1417.30	0.866 times
30 Wed Oct 2024	1441.90	1430.45	1456.75	1390.55	1.528 times
29 Tue Oct 2024	1425.95	1420.00	1434.10	1394.00	1.085 times
28 Mon Oct 2024	1415.70	1480.00	1485.65	1412.75	1.359 times
25 Fri Oct 2024	1497.25	1515.00	1524.65	1469.25	1.207 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 1402 as stoploss in an intra day buy trade for a target of 1555.97. However, stock will show a bearish move below 1402.

Share price targets for Mahanagar Gas (MGL)

Target Type	Value
Downside Target	1350.00
Downside Target	1390.55
Upside Target	1455.00
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	1373.43
Downside Intraday Target	1309.22
Upside Intraday Target	1478.43
Upside Intraday Target	1519.22
Downside Intraday Target	1414.22

Weekly technical analysis of Mahanagar Gas (MGL)

Date	Weekly Closing Price	Open	High	Low	Volume
07 Thu Nov 2024	1437.65	1453.70	1455.00	1350.00	0.734 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
07 Thu Nov 2024	1437.65	1448.00	1455.25	1350.00	0.142 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 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 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 losing momentum.

MACD generated a SELL signal for Mahanagar Gas in short term and the sell signal is strong.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Mahanagar Gas Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. 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 and BUY 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 1430.01 and Mahanagar Gas (MGL) stock is trading above this level. This is a good sign for the stock and it could move higher. 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.