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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 2024-12-26 View latest technical analysis

10 day averaged volume of Mahanagar Gas is 610978

Date	Daily Closing Price	Open	High	Low	Volume
26 Thu Dec 2024	1238.95	1253.00	1257.65	1228.60	0.379 times
24 Tue Dec 2024	1248.55	1222.05	1268.00	1222.00	1.139 times
23 Mon Dec 2024	1225.60	1219.80	1233.25	1204.50	0.414 times
20 Fri Dec 2024	1215.30	1258.00	1264.25	1209.95	0.673 times
19 Thu Dec 2024	1259.65	1233.30	1277.60	1217.85	1.288 times
18 Wed Dec 2024	1239.55	1240.80	1250.95	1226.00	0.71 times
17 Tue Dec 2024	1239.70	1290.00	1290.00	1237.00	0.951 times
16 Mon Dec 2024	1286.95	1301.75	1309.50	1282.75	1.206 times
13 Fri Dec 2024	1297.40	1278.85	1303.00	1256.50	2.331 times
12 Thu Dec 2024	1278.85	1295.00	1298.00	1271.20	0.706 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 1222.1 as stoploss in an intra day buy trade for a target of 1256.12. However, stock will show a bearish move below 1222.1.

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	1206.3
Downside Intraday Target	1173.65
Upside Intraday Target	1269.8
Upside Intraday Target	1300.65
Downside Intraday Target	1237.15

Weekly technical analysis of Mahanagar Gas (MGL)

Date	Weekly Closing Price	Open	High	Low	Volume
26 Thu Dec 2024	1238.95	1219.80	1268.00	1204.50	0.4 times
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

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
26 Thu Dec 2024	1238.95	1205.00	1309.50	1186.20	0.724 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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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 BUY. 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 in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. 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 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 1263.41 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.