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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 2024-04-04 View latest technical analysis

10 day averaged volume of Mahanagar Gas is 424803

Date	Daily Closing Price	Open	High	Low	Volume
04 Thu Apr 2024	1394.95	1412.95	1418.15	1382.45	0.604 times
03 Wed Apr 2024	1405.35	1399.05	1407.80	1388.00	0.629 times
02 Tue Apr 2024	1400.85	1398.85	1410.00	1386.85	0.695 times
01 Mon Apr 2024	1385.00	1368.50	1394.90	1365.65	0.573 times
28 Thu Mar 2024	1364.05	1370.50	1376.70	1346.00	1.09 times
27 Wed Mar 2024	1370.25	1364.95	1381.00	1352.05	1.22 times
26 Tue Mar 2024	1356.90	1342.00	1362.85	1316.50	1.294 times
22 Fri Mar 2024	1339.50	1310.00	1342.70	1302.75	1.706 times
21 Thu Mar 2024	1321.75	1292.45	1325.00	1285.70	1.082 times
20 Wed Mar 2024	1284.80	1256.75	1290.75	1252.95	0.887 times

My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 1409.4 as stoploss in an intra day sell trade for a target of 1335.07. However, stock will show a bullish move above 1409.4.

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	1297.30
Upside Target	1418.15
Upside Target	1435.70
Upside Target	1488.80
Upside Target	1554.30
Upside Target	1580.00

Intraday share price targets for Mahanagar Gas (MGL)

Target Type	Value
Downside Intraday Target	1367.68
Downside Intraday Target	1340.42
Upside Intraday Target	1420.18
Upside Intraday Target	1445.42
Downside Intraday Target	1392.92

Weekly technical analysis of Mahanagar Gas (MGL)

Date	Weekly Closing Price	Open	High	Low	Volume
04 Thu Apr 2024	1394.95	1368.50	1418.15	1365.65	0.694 times
28 Thu Mar 2024	1364.05	1342.00	1381.00	1316.50	0.616 times
22 Fri Mar 2024	1339.50	1270.90	1342.70	1248.70	0.462 times
15 Fri Mar 2024	1264.20	1329.05	1329.05	1201.00	0.453 times
07 Thu Mar 2024	1315.95	1503.00	1580.00	1297.30	7.162 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
04 Thu Apr 2024	1394.95	1368.50	1418.15	1365.65	0.05 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 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 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 positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the 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 is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears are picking up momentum.

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 but SELL signal is weak.

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 1356.13 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.