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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 2024-12-18 View latest technical analysis

10 day averaged volume of Mahanagar Gas is 726623

Date	Daily Closing Price	Open	High	Low	Volume
18 Wed Dec 2024	1239.55	1240.80	1250.95	1226.00	0.597 times
17 Tue Dec 2024	1239.70	1290.00	1290.00	1237.00	0.799 times
16 Mon Dec 2024	1286.95	1301.75	1309.50	1282.75	1.014 times
13 Fri Dec 2024	1297.40	1278.85	1303.00	1256.50	1.96 times
12 Thu Dec 2024	1278.85	1295.00	1298.00	1271.20	0.593 times
11 Wed Dec 2024	1300.20	1292.05	1304.75	1279.70	0.489 times
10 Tue Dec 2024	1287.80	1282.90	1301.95	1279.65	0.737 times
09 Mon Dec 2024	1279.35	1291.20	1295.30	1273.70	0.693 times
06 Fri Dec 2024	1284.45	1287.95	1309.00	1281.00	0.834 times
05 Thu Dec 2024	1292.90	1275.00	1302.75	1246.95	1.827 times

My analysis of stock is bullish for shortterm, and stock might move up till 1291.6 or till 1356. Use a stoploss of 1238 and if this stock hits its stoploss, then it can fall down till 1184.38

Share price targets for Mahanagar Gas (MGL)

Target Type	Value
Downside Target	1075.25
Downside Target	1153.00
Downside Target	1186.20
Upside Target	1256.50
Upside Target	1304.75
Upside Target	1390.55
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	1207.2
Downside Intraday Target	1174.85
Upside Intraday Target	1290.7
Upside Intraday Target	1341.85
Upside Intraday Target	1258.35

Weekly technical analysis of Mahanagar Gas (MGL)

Date	Weekly Closing Price	Open	High	Low	Volume
18 Wed Dec 2024	1239.55	1301.75	1309.50	1226.00	0.539 times
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

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
18 Wed Dec 2024	1239.55	1205.00	1309.50	1186.20	0.591 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 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 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 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.

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 getting stronger in this stock.

Ichimoku cloud is of red color and prices are in or above 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 positive zone. This is a BUY 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 1282.78 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.