(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 1088936
| Date | Daily Closing Price | Open | High | Low | Volume |
| 21 Thu Nov 2024 | 1125.35 | 1132.05 | 1137.00 | 1088.05 | 1.34 times |
| 19 Tue Nov 2024 | 1126.05 | 1112.60 | 1145.80 | 1112.00 | 1.562 times |
| 18 Mon Nov 2024 | 1130.00 | 1221.00 | 1221.00 | 1075.25 | 4.458 times |
| 14 Thu Nov 2024 | 1312.65 | 1325.55 | 1340.00 | 1306.50 | 0.352 times |
| 13 Wed Nov 2024 | 1329.65 | 1370.00 | 1372.25 | 1323.35 | 0.341 times |
Although my analysis for stock is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 1121.5, for a target of 1260 or 1375.5
Share price targets for Mahanagar Gas (MGL)
| Target Type | Value |
| Downside Target | 1075.25 |
| Upside Target | 1221.00 |
| Upside Target | 1306.50 |
| Upside Target | 1350.00 |
| Upside Target | 1390.55 |
| Upside Target | 1420.35 |
| Upside Target | 1456.75 |
| Upside Target | 1596.10 |
| Upside Target | 1719.15 |
| Upside Target | 1790.05 |
| Upside Target | 1883.55 |
| Upside Target | 1912.15 |
| Upside Target | 1958.00 |
| Upside Target | 1988.00 |
Intraday share price targets for Mahanagar Gas (MGL)
| Target Type | Value |
| Downside Intraday Target | 1060.07 |
| Downside Intraday Target | 994.78 |
| Upside Intraday Target | 1205.82 |
| Upside Intraday Target | 1286.28 |
| Upside Intraday Target | 1140.53 |
Weekly technical analysis of Mahanagar Gas (MGL)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 21 Thu Nov 2024 | 1125.35 | 1221.00 | 1221.00 | 1075.25 | 5.806 times |
| 14 Thu Nov 2024 | 1312.65 | 1419.00 | 1420.35 | 1306.50 | 0.484 times |
| 08 Fri Nov 2024 | 1421.65 | 1453.70 | 1460.50 | 1350.00 | 1.747 times |
| 01 Fri Nov 2024 | 1446.05 | 1430.45 | 1456.75 | 1390.55 | 0.625 times |
| 30 Wed Oct 2024 | 1441.90 | 1480.00 | 1485.65 | 1390.55 | 0.928 times |
Price has moved down this week, and volume has increased substantially. This means that the move can continue in coming weeks.
Monthly technical analysis of Mahanagar Gas (MGL)
| Date | Monthly Closing Price | Open | High | Low | Volume |
| 21 Thu Nov 2024 | 1125.35 | 1448.00 | 1460.50 | 1075.25 | 0.675 times |
| 31 Thu Oct 2024 | 1441.60 | 1950.00 | 1958.00 | 1390.55 | 1.036 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 |
Price has moved down 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)
| Indicator Name | Indicator Value | Indicator Signal |
| ADX | 6, 58, 81 | Sell |
| MACD | -238, -205 | Sell |
| Stochastics | 13 | Sell |
| CCI | -118 | Sell |
| RSI | 39 | Sell |
| OBV | -10723003 | Sell |
| VWAP | 1198 | Sell |
| ADL | 0 | Sell |
| ROC | -18 | Sell |
| Force Index | 0 | Sell |
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 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 gaining 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 in or above the red cloud Prices appear to be coming down
CCI has generated a SELL signal for Mahanagar Gas in short term and SELL signal is strong!
RSI is generating a SELL signal in short term but selling is losing 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 1198.12 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.
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