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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
09 Fri Apr 1135.90 1135.95 1144.95 1116.05 5.36 lakhs
08 Thu Apr 1131.25 1124.90 1143.00 1112.20 6.34 lakhs
07 Wed Apr 1122.85 1096.95 1130.00 1094.55 6.51 lakhs
06 Tue Apr 1093.80 1135.00 1143.20 1090.00 8.57 lakhs
05 Mon Apr 1134.55 1180.00 1180.00 1115.00 5.55 lakhs
MGL chart

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 1122.4 as stoploss in an intra day buy trade for a target of 1153.97. However, stock will show a bearish move below 1122.4.

  • Daily Price action analysis of 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.

  • Daily Price action analysis of 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.

  • 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 1098.10 as on 12 Mon Apr 11:05

Day open is at 1126.00, day high is at 1126.55, day low is at 1076.85, and day volume is at 57 lakhs so far.

First 15 minute high low range is 1106.05 - 1126.55

First hour high low range is 1076.85 - 1126.55

Date Intraday Price Open High Low Volume
12 Mon Apr 11:05 1098.10 1126.00 1126.55 1076.85 358020
12 Mon Apr 11:00 1098.30 1126.00 1126.55 1076.85 355255
12 Mon Apr 10:55 1095.40 1126.00 1126.55 1076.85 347843
12 Mon Apr 10:50 1094.40 1126.00 1126.55 1076.85 345060
12 Mon Apr 10:45 1090.75 1126.00 1126.55 1076.85 337350
Intraday MGL chart

Trend of Mahanagar Gas is not defined as of yet. Wait for entry and exit levels given below.

Take a trade after 9:30am only.

Mahanagar Gas (MGL) intraday stock price targets

  • EntEntry: 1116.3 or 1128.2375
  • Upside target: 1126.55
  • Downside target : 1085.55
  • Second Upside target: 1140.43
  • Second Downside target : 1111.53

Mahanagar Gas (MGL) weekly technical analysis

Date Weekly Close Open Range Volume
09 Fri Apr 1135.90 1180.00 1090.00
1180.00
32.335 lakhs
01 Thu Apr 1181.50 1137.05 1137.05
1199.90
13.049 lakhs
26 Fri Mar 1136.55 1122.40 1112.80
1179.90
27.899 lakhs
19 Fri Mar 1112.70 1202.30 1078.00
1230.00
22.145 lakhs
12 Fri Mar 1208.10 1229.90 1161.50
1238.00
27.467 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 negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this 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
09 Fri Apr 1135.90 1183.05 1090.00
1193.90
36.877 lakhs
31 Wed Mar 1168.95 1161.00 1078.00
1257.00
128.269 lakhs
26 Fri Feb 1158.40 1035.10 1022.45
1234.00
193.533 lakhs
29 Fri Jan 1035.10 1062.80 1011.35
1147.35
183.145 lakhs
31 Thu Dec 1061.20 1063.90 989.70
1098.70
211.872 lakhs
monthly MGL chart

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 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.

Monthly Price action analysis of Mahanagar Gas based on a short to mid term time period is

Mahanagar Gas Daily stock price targets

  • Upside daily target: 1203.9
  • Upside daily target: 1144.15
  • Downside daily target: 1065.3

Mahanagar Gas Weekly stock price targets

  • Upside weekly target: 1295.68
  • Upside weekly target: 1223.05
  • Upside weekly target: 1159.28
  • Downside weekly target: 1096.7
  • Downside weekly target: 1019.35

Mahanagar Gas Monthly stock price targets

  • Upside monthly target: 1302.48
  • Upside monthly target: 1195.8
  • Downside monthly target: 1127.45
  • Downside monthly target: 1061
  • Downside monthly target: 1002.45
  • Downside monthly target: 936.5
  • Downside monthly target: 884.55
  • Downside monthly target: 812.23
  • Downside monthly target: 749.75

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 SELL. Signal strength is Weak 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 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 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 but BUY signal is weak.

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

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 1136.27 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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chart MGL