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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 2024-12-20 View latest technical analysis

10 day averaged volume of Mahanagar Gas is 639466

Date	Daily Closing Price	Open	High	Low	Volume
20 Fri Dec 2024	1215.30	1258.00	1264.25	1209.95	0.643 times
19 Thu Dec 2024	1259.65	1233.30	1277.60	1217.85	1.231 times
18 Wed Dec 2024	1239.55	1240.80	1250.95	1226.00	0.679 times
17 Tue Dec 2024	1239.70	1290.00	1290.00	1237.00	0.908 times
16 Mon Dec 2024	1286.95	1301.75	1309.50	1282.75	1.153 times
13 Fri Dec 2024	1297.40	1278.85	1303.00	1256.50	2.228 times
12 Thu Dec 2024	1278.85	1295.00	1298.00	1271.20	0.674 times
11 Wed Dec 2024	1300.20	1292.05	1304.75	1279.70	0.556 times
10 Tue Dec 2024	1287.80	1282.90	1301.95	1279.65	0.837 times
09 Mon Dec 2024	1279.35	1291.20	1295.30	1273.70	0.787 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 1204.3 as stoploss in an intra day buy trade for a target of 1247.6. However, stock will show a bearish move below 1204.3.

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	1180.33
Downside Intraday Target	1145.37
Upside Intraday Target	1279.88
Upside Intraday Target	1344.47
Upside Intraday Target	1244.92

Weekly technical analysis of Mahanagar Gas (MGL)

Date	Weekly Closing Price	Open	High	Low	Volume
20 Fri Dec 2024	1215.30	1301.75	1309.50	1209.95	0.908 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
20 Fri Dec 2024	1215.30	1205.00	1309.50	1186.20	0.658 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 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 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 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.

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 and selling is picking up 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 1273.04 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.