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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 2024-11-12 View latest technical analysis

10 day averaged volume of Mahanagar Gas is 554093

Date	Daily Closing Price	Open	High	Low	Volume
12 Tue Nov 2024	1370.20	1403.00	1416.40	1366.00	0.509 times
11 Mon Nov 2024	1401.50	1419.00	1420.35	1397.00	0.62 times
08 Fri Nov 2024	1421.65	1455.00	1460.50	1411.00	0.852 times
07 Thu Nov 2024	1437.65	1444.00	1455.00	1425.20	0.626 times
06 Wed Nov 2024	1434.70	1396.90	1439.00	1390.20	1.219 times
05 Tue Nov 2024	1379.55	1388.00	1390.00	1350.00	1.244 times
04 Mon Nov 2024	1387.80	1453.70	1453.70	1383.05	1.206 times
01 Fri Nov 2024	1446.05	1448.00	1455.25	1435.80	0.104 times
31 Thu Oct 2024	1441.60	1449.90	1449.90	1417.30	1.028 times
30 Wed Oct 2024	1441.90	1430.45	1456.75	1390.55	1.814 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 1378.6, but if it comes above 1378.6, then a intra day buy could be more profitable.
If you take a sell trade below 1378.6, then use 1378.6 as stoploss and 1241.6 as target. However if you take a buy trade in stock , then use 1378.6 as stoploss and 1492.68 as target.

Share price targets for Mahanagar Gas (MGL)

Target Type	Value
Downside Target	1350.00
Upside Target	1420.35
Upside Target	1460.50
Upside Target	1596.10
Upside Target	1616.60
Upside Target	1719.15
Upside Target	1790.05
Upside Target	1857.00
Upside Target	1883.55
Upside Target	1912.15
Upside Target	1958.00
Upside Target	1988.00

Intraday share price targets for Mahanagar Gas (MGL)

Target Type	Value
Downside Intraday Target	1350.68
Downside Intraday Target	1331.17
Upside Intraday Target	1405.03
Upside Intraday Target	1439.87
Upside Intraday Target	1385.52

Weekly technical analysis of Mahanagar Gas (MGL)

Date	Weekly Closing Price	Open	High	Low	Volume
12 Tue Nov 2024	1370.20	1419.00	1420.35	1366.00	0.219 times
08 Fri Nov 2024	1421.65	1453.70	1460.50	1350.00	0.88 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

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
12 Tue Nov 2024	1370.20	1448.00	1460.50	1350.00	0.205 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 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 gaining momentum.

MACD generated a BUY signal for Mahanagar Gas in short term but the buy signal is initial and weak.

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 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

Stock of Mahanagar Gas is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 1416.64 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.