2021 Mahanagar Gas (MGL) technical analysis [forecast] stock price targets
Mahanagar Gas technical analysis & forecast stock price targets, Daily, Weekly, Monthly technical analysis
Mahanagar Gas Mahanagar Gas option chain analysis
| Date | Close | Open | High | Low | Volume |
| 17 Fri Sep | 1135.90 | 1164.10 | 1172.65 | 1130.00 | 5.12 lakhs |
| 16 Thu Sep | 1174.85 | 1180.00 | 1185.20 | 1166.35 | 2.55 lakhs |
| 15 Wed Sep | 1180.30 | 1194.70 | 1206.30 | 1175.10 | 4.07 lakhs |
| 14 Tue Sep | 1189.05 | 1185.00 | 1195.00 | 1183.10 | 2.07 lakhs |
| 13 Mon Sep | 1181.65 | 1166.00 | 1187.20 | 1156.15 | 3.08 lakhs |
My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 1121.1 as stoploss in an intra day buy trade for a target of 1152.06. However, stock will show a bearish move below 1121.1.
Daily Price action analysis of MGL based on a short term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small
Daily Price action analysis of 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.
Daily Price action analysis of MGL based on a mid term time period is
Intraday technical analysis of Mahanagar Gas
Stock is trading at 1122.75 as on 20 Mon Sep 9:35
Day open is at 1130.00, day high is at 1143.65, day low is at 1120.30, and day volume is at 1.42 lakhs so far.
First 15 minute high low range is 1122.20 - 1143.65
First hour high low range is 1120.30 - 1143.65
| Date | Intraday Price | Open | High | Low | Volume |
| 20 Mon Sep 9:35 | 1122.75 | 1130.00 | 1143.65 | 1120.30 | 48652 |
| 20 Mon Sep 9:30 | 1123.20 | 1130.00 | 1143.65 | 1120.30 | 43322 |
| 20 Mon Sep 9:25 | 1123.70 | 1130.00 | 1143.65 | 1122.20 | 31199 |
| 20 Mon Sep 9:20 | 1124.60 | 1130.00 | 1143.65 | 1123.00 | 18212 |
| 20 Mon Sep 9:15 | 1127.05 | 1130.00 | 1131.00 | 1130.00 | 783 |
Prices of Mahanagar Gas are surely coming down. Look for opportunities to sell in intraday.
Take a trade after 9:30am only.
Mahanagar Gas (MGL) intraday stock price targets
- EntEntry: 1132.93 or 1142.1375
- Upside target: 1143.65
- Downside target : 1100.75
- Second Upside target: 1154.28
- Second Downside target : 1111.63
Mahanagar Gas (MGL) weekly technical analysis
| Date | Weekly Close | Open | Range | Volume |
| 17 Fri Sep | 1135.90 | 1166.00 | 1130.00 1206.30 |
16.901 lakhs |
| 09 Thu Sep | 1168.80 | 1173.40 | 1165.40 1201.85 |
10.786 lakhs |
| 03 Fri Sep | 1173.40 | 1143.00 | 1129.05 1194.90 |
14.983 lakhs |
| 27 Fri Aug | 1131.90 | 1106.90 | 1079.85 1135.00 |
19.52 lakhs |
| 20 Fri Aug | 1098.95 | 1135.00 | 1095.00 1140.55 |
12.412 lakhs |
Weekly forecast of Mahanagar Gas is negative. Sellers dominated the stock this week, and might continue to dominate in coming days too.
Weekly Price action analysis of Mahanagar Gas 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.
Weekly Price action analysis of Mahanagar Gas 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.
Mahanagar Gas (MGL) Monthly technical analysis
| Date | Monthly Close | Open | Range | Volume |
| 17 Fri Sep | 1135.90 | 1146.90 | 1130.00 1206.30 |
37.518 lakhs |
| 31 Tue Aug | 1146.65 | 1170.00 | 1079.85 1198.00 |
70.259 lakhs |
| 30 Fri Jul | 1167.35 | 1142.15 | 1102.35 1212.00 |
116.552 lakhs |
| 30 Wed Jun | 1136.50 | 1191.50 | 1125.00 1284.40 |
153.918 lakhs |
| 31 Mon May | 1191.15 | 1126.25 | 1084.55 1223.80 |
132.901 lakhs |
Monthly forecast of Mahanagar Gas is negative. Sellers dominated the stock this month, and might continue to dominate in coming days too.
Monthly Price action analysis of Mahanagar Gas based on a short term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small
Monthly Price action analysis of Mahanagar Gas 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.
Mahanagar Gas Daily stock price targets
- Upside daily target: 1202.05
- Upside daily target: 1142.14
Mahanagar Gas Weekly stock price targets
- Upside weekly target: 1217.5
- Upside weekly target: 1155.5
- Downside weekly target: 1094.8
Mahanagar Gas Monthly stock price targets
- Upside monthly target: 1302.48
- Upside monthly target: 1210.45
- Upside monthly target: 1150.55
- Downside monthly target: 1094.8
- Downside monthly target: 1034.83
- Downside monthly target: 970.95
Mahanagar Gas (MGL) most active calls puts options
- CE of strike 1200
- CE of strike 1160
- CE of strike 1180
- CE of strike 1300
- CE of strike 1220
- PE of strike 1160
- PE of strike 1100
- PE of strike 1140
- CE of strike 1140
- CE of strike 1240
- PE of strike 1120
- CE of strike 1260
- PE of strike 1180
- PE of strike 1060
- CE of strike 1320
- PE of strike 1080
- CE of strike 1100
- PE of strike 1000
- PE of strike 1200
- PE of strike 1220
- PE of strike 1040
- CE of strike 980
- PE of strike 1520
- CE of strike 800
- PE of strike 1020
- CE of strike 1020
- CE of strike 1000
- PE of strike 800
- CE of strike 860
- PE of strike 860
Mahanagar Gas (MGL) indicators technical analysis
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.
ADX buy sell signal for Mahanagar Gas stock for short term is SELL. Signal strength is Weak and stock is losing momentum.
MACD generated a SELL signal for Mahanagar Gas in short term but the sell signal is initial and weak.
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. Bears 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 coming down
CCI has generated a SELL signal for Mahanagar Gas in short term and SELL signal is strong!
RSI is generating a BUY signal in short term but buying is losing 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 1172.04 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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