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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)

10 day averaged volume of Mahanagar Gas is 448664

Date	Daily Closing Price	Open	High	Low	Volume
24 Wed Apr 2024	1422.35	1409.00	1424.65	1397.75	0.503 times
23 Tue Apr 2024	1407.40	1390.95	1418.80	1382.00	0.576 times
22 Mon Apr 2024	1383.70	1405.30	1405.30	1370.00	1.137 times
19 Fri Apr 2024	1391.35	1396.00	1401.40	1367.20	0.685 times
18 Thu Apr 2024	1401.20	1468.80	1489.00	1394.95	1.648 times
16 Tue Apr 2024	1464.45	1453.00	1475.00	1440.00	0.918 times
15 Mon Apr 2024	1453.90	1422.00	1485.00	1404.00	2.288 times
12 Fri Apr 2024	1428.70	1457.00	1461.50	1425.55	0.417 times
10 Wed Apr 2024	1456.25	1454.90	1480.95	1452.00	0.471 times
09 Tue Apr 2024	1456.40	1482.05	1488.90	1450.00	0.668 times

My analysis of stock is bullish for shortterm, and stock might move up till 1448.7 or till 1494.8. Use a stoploss of 1410.29 and if this stock hits its stoploss, then it can fall down till 1371.88

Share price targets for Mahanagar Gas (MGL)

Target Type	Value
Downside Target	1043.10
Downside Target	1168.25
Downside Target	1201.00
Downside Target	1231.40
Downside Target	1316.50
Downside Target	1365.65
Upside Target	1424.65
Upside Target	1470.80
Upside Target	1488.80
Upside Target	1488.90
Upside Target	1489.00
Upside Target	1554.30
Upside Target	1580.00

Intraday share price targets for Mahanagar Gas (MGL)

Target Type	Value
Downside Intraday Target	1386.68
Downside Intraday Target	1351.02
Upside Intraday Target	1441.33
Upside Intraday Target	1460.32
Downside Intraday Target	1405.67

Weekly technical analysis of Mahanagar Gas (MGL)

Date	Weekly Closing Price	Open	High	Low	Volume
24 Wed Apr 2024	1422.35	1405.30	1424.65	1370.00	0.4 times
19 Fri Apr 2024	1391.35	1422.00	1489.00	1367.20	2.015 times
12 Fri Apr 2024	1428.70	1442.00	1488.90	1425.55	0.507 times
05 Fri Apr 2024	1440.20	1368.50	1470.80	1365.65	1.589 times
28 Thu Mar 2024	1364.05	1342.00	1381.00	1316.50	0.616 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
24 Wed Apr 2024	1422.35	1368.50	1489.00	1365.65	0.334 times
28 Thu Mar 2024	1364.05	1498.95	1580.00	1201.00	2.54 times
29 Thu Feb 2024	1484.35	1484.70	1554.30	1435.70	0.57 times
31 Wed Jan 2024	1479.25	1201.00	1488.80	1168.25	1.252 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 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 neutral. A longer time frame might give a better analysis.

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 SELL signal for Mahanagar Gas in short term but the sell 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 green color and prices are above the green cloud Prices appear to be moving up

CCI has generated a buy signal for Mahanagar Gas in short term but BUY signal is weak.

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 1427.03 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 positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.