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2020 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
03 Fri Jul 1071.25 1058.20 1079.75 1049.05 7.97 lakhs
02 Thu Jul 1047.80 1055.00 1062.95 1046.00 5.43 lakhs
01 Wed Jul 1050.05 1050.00 1058.90 1033.60 6.32 lakhs
30 Tue Jun 1052.10 1056.00 1074.00 1049.15 6.57 lakhs
29 Mon Jun 1043.65 1080.00 1087.00 1039.00 6.96 lakhs
MGL chart

My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 1076.9 as stoploss in an intra day sell trade for a target of 1049.88. However, stock will show a bullish move above 1076.9.

  • Daily Price action analysis of MGL based on a short term time period is

  • 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 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.

Intraday technical analysis of Mahanagar Gas

Stock is trading at 1071.25 as on 03 Fri Jul 15:33

Day open is at 1058.20, day high is at 1079.75, day low is at 1049.05, and day volume is at 297.06 lakhs so far.

First 15 minute high low range is 1051.55 - 1063.20

First hour high low range is 1049.05 - 1063.20

Date Intraday Price Open High Low Volume
03 Fri Jul 15:33 1071.25 1058.20 1079.75 1049.05 796492
03 Fri Jul 15:29 1070.45 1058.20 1079.75 1049.05 796492
03 Fri Jul 15:25 1069.70 1058.20 1079.75 1049.05 787252
03 Fri Jul 15:20 1070.00 1058.20 1079.75 1049.05 774154
03 Fri Jul 15:15 1071.70 1058.20 1079.75 1049.05 756411
Intraday MGL chart

Prices of Mahanagar Gas are definitely rising in intraday. Look for buy opportunities.

Take a trade after 9:30am only.

Mahanagar Gas (MGL) intraday stock price targets

  • EntEntry: 1057.38 or 1069.95
  • Upside target: 1063.2
  • Downside target : 1039.9
  • Second Upside target: 1090.85
  • Second Downside target : 1060.15

Mahanagar Gas (MGL) weekly technical analysis

Date Weekly Close Open Range Volume
03 Fri Jul 1071.25 1080.00 1033.60
1087.00
33.245 lakhs
26 Fri Jun 1077.15 1077.00 1035.00
1112.20
46.412 lakhs
19 Fri Jun 1075.65 1076.00 1033.05
1097.40
72.102 lakhs
12 Fri Jun 1074.20 1020.00 983.00
1087.30
85.294 lakhs
05 Fri Jun 1012.65 982.00 942.50
1058.00
79.822 lakhs
weekly MGL chart

Weekly forecast of Mahanagar Gas is positive. Buyers dominated the stock this week, and this trend might continue for a few days

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 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 (MGL) Monthly technical analysis

Date Monthly Close Open Range Volume
03 Fri Jul 1071.25 1050.00 1033.60
1079.75
19.711 lakhs
30 Tue Jun 1052.10 982.00 942.50
1112.20
297.163 lakhs
29 Fri May 972.60 932.10 855.60
980.05
125.195 lakhs
30 Thu Apr 972.75 819.95 801.10
990.00
143.186 lakhs
31 Tue Mar 818.45 1020.00 663.90
1069.00
166.925 lakhs
monthly MGL chart

Monthly forecast of Mahanagar Gas is positive. Buyers dominated the stock this month, and this trend might continue for a few days

Monthly Price action analysis of Mahanagar Gas based on a short term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

Monthly Price action analysis of Mahanagar Gas based on a short to mid term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

Mahanagar Gas Daily stock price targets

  • Upside daily target: 1091.2
  • Downside daily target: 1038.43

Mahanagar Gas Weekly stock price targets

  • Upside weekly target: 1133.28
  • Upside weekly target: 1079.13
  • Downside weekly target: 1025.73
  • Downside weekly target: 967.2
  • Downside weekly target: 917.6
  • Downside weekly target: 861.1
  • Downside weekly target: 797.45

Mahanagar Gas Monthly stock price targets

  • Upside monthly target: 1333.48
  • Upside monthly target: 1167
  • Upside monthly target: 1110.33
  • Downside monthly target: 1057.43
  • Downside monthly target: 997.33
  • Downside monthly target: 947.08
  • Downside monthly target: 886.93
  • Downside monthly target: 803.81
  • Downside monthly target: 538.63

Mahanagar Gas (MGL) indicators technical analysis

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.

ADX buy sell signal for Mahanagar Gas stock for short term is BUY. Signal strength is Weak and stock is gaining momentum.

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

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 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 moving up

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

RSI is generating a BUY signal in short term and the buying is gaining 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 1058.86 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 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 positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.

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chart MGL