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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 2024-11-25 View latest technical analysis

10 day averaged volume of Mahanagar Gas is 1225380

Date	Daily Closing Price	Open	High	Low	Volume
25 Mon Nov 2024	1187.50	1181.40	1198.75	1160.00	0.779 times
22 Fri Nov 2024	1157.50	1152.60	1174.30	1122.00	1.665 times
21 Thu Nov 2024	1125.35	1132.05	1137.00	1088.05	1.191 times
19 Tue Nov 2024	1126.05	1112.60	1145.80	1112.00	1.388 times
18 Mon Nov 2024	1130.00	1221.00	1221.00	1075.25	3.962 times
14 Thu Nov 2024	1312.65	1325.55	1340.00	1306.50	0.313 times
13 Wed Nov 2024	1329.65	1370.00	1372.25	1323.35	0.303 times
12 Tue Nov 2024	1370.20	1403.00	1416.40	1366.00	0.23 times
11 Mon Nov 2024	1401.50	1419.00	1420.35	1397.00	0.281 times
08 Fri Nov 2024	1421.65	1455.00	1460.50	1411.00	0.385 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 1221.7, but if it comes above 1221.7, then a intra day buy could be more profitable.
If you take a sell trade below 1221.7, then use 1221.7 as stoploss and 1075.6 as target. However if you take a buy trade in stock , then use 1221.7 as stoploss and 1343.51 as target.

Share price targets for Mahanagar Gas (MGL)

Target Type	Value
Downside Target	1075.25
Downside Target	1160.00
Upside Target	1198.75
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	1165.42
Downside Intraday Target	1143.33
Upside Intraday Target	1204.17
Upside Intraday Target	1220.83
Downside Intraday Target	1182.08

Weekly technical analysis of Mahanagar Gas (MGL)

Date	Weekly Closing Price	Open	High	Low	Volume
25 Mon Nov 2024	1187.50	1181.40	1198.75	1160.00	0.095 times
22 Fri Nov 2024	1157.50	1221.00	1221.00	1075.25	7.284 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

Price has moved up 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
25 Mon Nov 2024	1187.50	1448.00	1460.50	1075.25	0.889 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 neutral. A longer time frame might give a better analysis.

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 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 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 moving up

CCI has generated a buy signal for Mahanagar Gas in short term but BUY signal is weak.

RSI is generating a SELL signal in short term but selling is losing momentum.

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying 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 1172.01 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.