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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 2024-11-21 View latest technical analysis

10 day averaged volume of Mahanagar Gas is 1011937

Date	Daily Closing Price	Open	High	Low	Volume
21 Thu Nov 2024	1125.35	1132.05	1137.00	1088.05	1.442 times
19 Tue Nov 2024	1126.05	1112.60	1145.80	1112.00	1.681 times
18 Mon Nov 2024	1130.00	1221.00	1221.00	1075.25	4.798 times
14 Thu Nov 2024	1312.65	1325.55	1340.00	1306.50	0.379 times
13 Wed Nov 2024	1329.65	1370.00	1372.25	1323.35	0.367 times
12 Tue Nov 2024	1370.20	1403.00	1416.40	1366.00	0.279 times
11 Mon Nov 2024	1401.50	1419.00	1420.35	1397.00	0.34 times
08 Fri Nov 2024	1421.65	1455.00	1460.50	1411.00	0.466 times
07 Thu Nov 2024	1437.65	1444.00	1455.00	1425.20	0.343 times
06 Wed Nov 2024	1434.70	1396.90	1439.00	1390.20	0.667 times

Although my analysis for stock is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 1111.6, for a target of 1259.3 or 1382.39

Share price targets for Mahanagar Gas (MGL)

Target Type	Value
Downside Target	1075.25
Upside Target	1221.00
Upside Target	1306.50
Upside Target	1350.00
Upside Target	1390.55
Upside Target	1420.35
Upside Target	1460.50
Upside Target	1596.10
Upside Target	1719.15
Upside Target	1790.05
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	1060.07
Downside Intraday Target	994.78
Upside Intraday Target	1205.82
Upside Intraday Target	1286.28
Upside Intraday Target	1140.53

Weekly technical analysis of Mahanagar Gas (MGL)

Date	Weekly Closing Price	Open	High	Low	Volume
21 Thu Nov 2024	1125.35	1221.00	1221.00	1075.25	5.806 times
14 Thu Nov 2024	1312.65	1419.00	1420.35	1306.50	0.484 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

Price has moved down this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Mahanagar Gas (MGL)

Date	Monthly Closing Price	Open	High	Low	Volume
21 Thu Nov 2024	1125.35	1448.00	1460.50	1075.25	0.715 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 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 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 1198.12 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.