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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 2024-12-13 View latest technical analysis

10 day averaged volume of Mahanagar Gas is 805683

Date	Daily Closing Price	Open	High	Low	Volume
13 Fri Dec 2024	1297.40	1278.85	1303.00	1256.50	1.768 times
12 Thu Dec 2024	1278.85	1295.00	1298.00	1271.20	0.535 times
11 Wed Dec 2024	1300.20	1292.05	1304.75	1279.70	0.441 times
10 Tue Dec 2024	1287.80	1282.90	1301.95	1279.65	0.665 times
09 Mon Dec 2024	1279.35	1291.20	1295.30	1273.70	0.625 times
06 Fri Dec 2024	1284.45	1287.95	1309.00	1281.00	0.752 times
05 Thu Dec 2024	1292.90	1275.00	1302.75	1246.95	1.648 times
04 Wed Dec 2024	1260.80	1276.60	1284.00	1249.05	0.95 times
03 Tue Dec 2024	1278.25	1242.00	1283.85	1234.40	1.998 times
02 Mon Dec 2024	1236.50	1205.00	1242.25	1186.20	1.498 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 1292.5, but if it comes below 1292.5, then a intra day sell could be more profitable.
If you take a sell trade below 1292.5, then use 1292.5 as stoploss and 1228.12 as target. However if you take a buy trade in stock , then use 1292.5 as stoploss and 1369.8 as target.

Share price targets for Mahanagar Gas (MGL)

Target Type	Value
Downside Target	1075.25
Downside Target	1153.00
Downside Target	1186.20
Downside Target	1256.50
Upside Target	1304.75
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	1267.68
Downside Intraday Target	1237.97
Upside Intraday Target	1315.93
Upside Intraday Target	1334.47
Downside Intraday Target	1286.22

Weekly technical analysis of Mahanagar Gas (MGL)

Date	Weekly Closing Price	Open	High	Low	Volume
13 Fri Dec 2024	1297.40	1291.20	1304.75	1256.50	0.589 times
06 Fri Dec 2024	1284.45	1205.00	1309.00	1186.20	1.593 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

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
13 Fri Dec 2024	1297.40	1205.00	1309.00	1186.20	0.492 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 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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

Price action analysis of Mahanagar Gas ( (MGL) ) based on a short to mid 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 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 gaining 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 stronger in this stock.

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 and selling is picking up 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 1278.3 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.