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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 2024-12-05 View latest technical analysis

10 day averaged volume of Mahanagar Gas is 1054419

Date	Daily Closing Price	Open	High	Low	Volume
05 Thu Dec 2024	1292.90	1275.00	1302.75	1246.95	1.259 times
04 Wed Dec 2024	1260.80	1276.60	1284.00	1249.05	0.726 times
03 Tue Dec 2024	1278.25	1242.00	1283.85	1234.40	1.527 times
02 Mon Dec 2024	1236.50	1205.00	1242.25	1186.20	1.145 times
29 Fri Nov 2024	1191.75	1180.00	1203.00	1172.15	0.679 times
28 Thu Nov 2024	1179.95	1184.00	1198.65	1167.00	0.559 times
27 Wed Nov 2024	1178.70	1180.00	1184.25	1153.00	0.597 times
26 Tue Nov 2024	1176.45	1195.00	1199.30	1171.90	0.546 times
25 Mon Nov 2024	1187.50	1181.40	1198.75	1160.00	0.905 times
22 Fri Nov 2024	1157.50	1152.60	1174.30	1122.00	1.934 times

My analysis of stock is bullish for shortterm, and stock might move up till 1367.2 or till 1494. Use a stoploss of 1261.49 and if this stock hits its stoploss, then it can fall down till 1155.82

Share price targets for Mahanagar Gas (MGL)

Target Type	Value
Downside Target	1075.25
Downside Target	1153.00
Downside Target	1186.20
Upside Target	1302.75
Upside Target	1350.00
Upside Target	1390.55
Upside Target	1420.35
Upside Target	1460.50
Upside Target	1719.15
Upside Target	1790.05
Upside Target	1883.55
Upside Target	1958.00
Upside Target	1988.00

Intraday share price targets for Mahanagar Gas (MGL)

Target Type	Value
Downside Intraday Target	1218.48
Downside Intraday Target	1144.07
Upside Intraday Target	1335.03
Upside Intraday Target	1377.17
Downside Intraday Target	1260.62

Weekly technical analysis of Mahanagar Gas (MGL)

Date	Weekly Closing Price	Open	High	Low	Volume
05 Thu Dec 2024	1292.90	1205.00	1302.75	1186.20	1.418 times
29 Fri Nov 2024	1191.75	1181.40	1203.00	1153.00	0.344 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

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
05 Thu Dec 2024	1292.90	1205.00	1302.75	1186.20	0.276 times
29 Fri Nov 2024	1191.75	1448.00	1460.50	1075.25	1.035 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

Scroll below to view daily charts

Price has moved up 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 positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Mahanagar Gas ( (MGL) ) based on a short to mid term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

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 Weak and stock is losing momentum.

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

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 HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears are picking up momentum.

Ichimoku cloud is of red color and prices are in or above 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 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 1218.88 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 rising upwards.

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 is giving positive 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.