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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 2024-11-01 View latest technical analysis

10 day averaged volume of Mahanagar Gas is 1119738

Date	Daily Closing Price	Open	High	Low	Volume
01 Fri Nov 2024	1446.05	1448.00	1455.25	1435.80	0.051 times
31 Thu Oct 2024	1441.60	1449.90	1449.90	1417.30	0.509 times
30 Wed Oct 2024	1441.90	1430.45	1456.75	1390.55	0.898 times
29 Tue Oct 2024	1425.95	1420.00	1434.10	1394.00	0.637 times
28 Mon Oct 2024	1415.70	1480.00	1485.65	1412.75	0.798 times
25 Fri Oct 2024	1497.25	1515.00	1524.65	1469.25	0.709 times
24 Thu Oct 2024	1542.95	1581.20	1592.85	1530.75	0.456 times
23 Wed Oct 2024	1579.55	1531.80	1589.60	1524.30	0.42 times
22 Tue Oct 2024	1531.85	1566.55	1597.90	1525.20	0.412 times
21 Mon Oct 2024	1566.55	1588.05	1616.60	1562.50	0.518 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 1474.5, but if it comes above 1474.5, then a intra day buy could be more profitable.
If you take a sell trade below 1474.5, then use 1474.5 as stoploss and 1274.4 as target. However if you take a buy trade in stock , then use 1474.5 as stoploss and 1641.16 as target.

Share price targets for Mahanagar Gas (MGL)

Target Type	Value
Downside Target	1390.55
Downside Target	1435.80
Upside Target	1596.10
Upside Target	1719.15
Upside Target	1790.05
Upside Target	1857.00
Upside Target	1877.00
Upside Target	1883.55
Upside Target	1912.15
Upside Target	1923.75
Upside Target	1958.00
Upside Target	1988.00

Intraday share price targets for Mahanagar Gas (MGL)

Target Type	Value
Downside Intraday Target	1395.85
Downside Intraday Target	1345.65
Upside Intraday Target	1490.95
Upside Intraday Target	1535.85
Downside Intraday Target	1440.75

Weekly technical analysis of Mahanagar Gas (MGL)

Date	Weekly Closing Price	Open	High	Low	Volume
01 Fri Nov 2024	1446.05	1480.00	1485.65	1390.55	1.151 times
25 Fri Oct 2024	1497.25	1588.05	1616.60	1469.25	0.388 times
18 Fri Oct 2024	1582.25	1837.00	1857.00	1503.75	3.169 times
11 Fri Oct 2024	1834.00	1920.00	1923.75	1797.30	1.044 times
04 Fri Oct 2024	1910.35	1930.00	1958.00	1877.00	0.505 times

Price has moved down 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
01 Fri Nov 2024	1446.05	1448.00	1455.25	1435.80	0.003 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
30 Fri Aug 2024	1792.10	1871.00	1883.55	1719.15	0.326 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 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 SELL. Signal strength is Strong and stock is losing momentum.

MACD generated a SELL signal for Mahanagar Gas in short term and the sell signal is strong.

Mahanagar Gas Stock is trading near its recent LOWS in short term which reflects strong selling momentum. 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 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 negative zone. This is the SELL 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 1481.42 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.