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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 2024-04-08 View latest technical analysis

10 day averaged volume of Mahanagar Gas is 514728

Date	Daily Closing Price	Open	High	Low	Volume
08 Mon Apr 2024	1483.10	1442.00	1487.00	1436.55	1.04 times
05 Fri Apr 2024	1440.20	1395.60	1470.80	1390.00	2.661 times
04 Thu Apr 2024	1394.95	1412.95	1418.15	1382.45	0.498 times
03 Wed Apr 2024	1405.35	1399.05	1407.80	1388.00	0.519 times
02 Tue Apr 2024	1400.85	1398.85	1410.00	1386.85	0.574 times
01 Mon Apr 2024	1385.00	1368.50	1394.90	1365.65	0.473 times
28 Thu Mar 2024	1364.05	1370.50	1376.70	1346.00	0.9 times
27 Wed Mar 2024	1370.25	1364.95	1381.00	1352.05	1.007 times
26 Tue Mar 2024	1356.90	1342.00	1362.85	1316.50	1.068 times
22 Fri Mar 2024	1339.50	1310.00	1342.70	1302.75	1.408 times

Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 1484.3, for a target of 1403.7 or 1336.48

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	1435.70
Downside Target	1436.55
Downside Target	1470.80
Upside Target	1487.00
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	1450.77
Downside Intraday Target	1418.43
Upside Intraday Target	1501.22
Upside Intraday Target	1519.33
Downside Intraday Target	1468.88

Weekly technical analysis of Mahanagar Gas (MGL)

Date	Weekly Closing Price	Open	High	Low	Volume
08 Mon Apr 2024	1483.10	1442.00	1487.00	1436.55	0.22 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
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

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
08 Mon Apr 2024	1483.10	1368.50	1487.00	1365.65	0.139 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 Strong and stock is gaining momentum.

MACD generated a BUY signal for Mahanagar Gas in short term and the buy signal is strong.

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 stronger in this stock.

Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be moving up

CCI has generated a buy signal for Mahanagar Gas in short term and BUY 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

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 1399.36 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.