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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 2024-04-16 View latest technical analysis

10 day averaged volume of Mahanagar Gas is 469171

Date	Daily Closing Price	Open	High	Low	Volume
16 Tue Apr 2024	1464.45	1453.00	1475.00	1440.00	0.878 times
15 Mon Apr 2024	1453.90	1422.00	1485.00	1404.00	2.188 times
12 Fri Apr 2024	1428.70	1457.00	1461.50	1425.55	0.399 times
10 Wed Apr 2024	1456.25	1454.90	1480.95	1452.00	0.45 times
09 Tue Apr 2024	1456.40	1482.05	1488.90	1450.00	0.639 times
08 Mon Apr 2024	1483.10	1442.00	1487.00	1436.55	1.141 times
05 Fri Apr 2024	1440.20	1395.60	1470.80	1390.00	2.919 times
04 Thu Apr 2024	1394.95	1412.95	1418.15	1382.45	0.547 times
03 Wed Apr 2024	1405.35	1399.05	1407.80	1388.00	0.57 times
02 Tue Apr 2024	1400.85	1398.85	1410.00	1386.85	0.63 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 1449.7, but if it comes below 1449.7, then a intra day sell could be more profitable.
If you take a sell trade below 1449.7, then use 1449.7 as stoploss and 1380.06 as target. However if you take a buy trade in stock , then use 1449.7 as stoploss and 1533.2 as target.

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
Upside Target	1470.80
Upside Target	1485.00
Upside Target	1488.80
Upside Target	1488.90
Upside Target	1554.30
Upside Target	1580.00

Intraday share price targets for Mahanagar Gas (MGL)

Target Type	Value
Downside Intraday Target	1417.3
Downside Intraday Target	1370.15
Upside Intraday Target	1498.3
Upside Intraday Target	1532.15
Downside Intraday Target	1451.15

Weekly technical analysis of Mahanagar Gas (MGL)

Date	Weekly Closing Price	Open	High	Low	Volume
16 Tue Apr 2024	1464.45	1422.00	1485.00	1404.00	1.166 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
22 Fri Mar 2024	1339.50	1270.90	1342.70	1248.70	0.462 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
16 Tue Apr 2024	1464.45	1368.50	1488.90	1365.65	0.238 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 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 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 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 losing 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 in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bulls are getting tired and bears 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 and BUY signal is strong.

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

Stock of Mahanagar Gas is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 1444.43 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.