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 |
| 27 Wed Jan | 1043.60 | 1055.00 | 1080.00 | 1035.05 | 12.64 lakhs |
| 25 Mon Jan | 1052.30 | 1046.15 | 1063.00 | 1011.35 | 9.17 lakhs |
| 22 Fri Jan | 1041.05 | 1035.00 | 1065.95 | 1019.00 | 17.42 lakhs |
| 21 Thu Jan | 1041.70 | 1094.95 | 1095.00 | 1037.15 | 7.89 lakhs |
| 20 Wed Jan | 1085.10 | 1084.90 | 1094.50 | 1071.05 | 4.69 lakhs |
My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 1053.9, but if it comes above 1053.9, then a intra day buy could be more profitable.
If you take a sell trade below 1053.9, then use 1053.9 as stoploss and 1017.3 as target. However if you take a buy trade in stock , then use 1053.9 as stoploss and 1084.49 as target.
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 1043.60 as on 27 Wed Jan 15:33
Day open is at 1055.00, day high is at 1080.00, day low is at 1035.05, and day volume is at 617.35 lakhs so far.
First 15 minute high low range is 1040.30 - 1059.00
First hour high low range is 1040.30 - 1077.00
| Date | Intraday Price | Open | High | Low | Volume |
| 27 Wed Jan 15:33 | 1043.60 | 1055.00 | 1080.00 | 1035.05 | 1263986 |
| 27 Wed Jan 15:29 | 1040.00 | 1055.00 | 1080.00 | 1035.05 | 1263986 |
| 27 Wed Jan 15:25 | 1046.05 | 1055.00 | 1080.00 | 1035.10 | 1252221 |
| 27 Wed Jan 15:20 | 1048.85 | 1055.00 | 1080.00 | 1035.10 | 1234109 |
| 27 Wed Jan 15:15 | 1042.00 | 1055.00 | 1080.00 | 1035.10 | 1212364 |
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: 1049.65 or 1048.425
- Upside target: 1059
- Downside target : 1021.6
- Second Upside target: 1061.8
- Second Downside target : 1016.85
Mahanagar Gas (MGL) weekly technical analysis
| Date | Weekly Close | Open | Range | Volume |
| 27 Wed Jan | 1043.60 | 1046.15 | 1011.35 1080.00 |
21.808 lakhs |
| 22 Fri Jan | 1041.05 | 1082.50 | 1019.00 1095.00 |
40.73 lakhs |
| 15 Fri Jan | 1090.80 | 1118.10 | 1073.30 1146.00 |
32.528 lakhs |
| 08 Fri Jan | 1116.55 | 1065.00 | 1060.10 1147.35 |
74.764 lakhs |
| 01 Fri Jan | 1059.95 | 1060.00 | 1048.05 1095.00 |
42.193 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 negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small
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 |
| 27 Wed Jan | 1043.60 | 1062.80 | 1011.35 1147.35 |
173.928 lakhs |
| 31 Thu Dec | 1061.20 | 1063.90 | 989.70 1098.70 |
211.872 lakhs |
| 27 Fri Nov | 1063.90 | 816.50 | 809.10 1068.40 |
286.822 lakhs |
| 30 Fri Oct | 814.90 | 851.25 | 779.65 874.70 |
215.523 lakhs |
| 30 Wed Sep | 830.05 | 952.00 | 812.20 959.95 |
239.693 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 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: 1126.45
- Upside daily target: 1070.95
- Downside daily target: 1019.2
Mahanagar Gas Weekly stock price targets
- Upside weekly target: 1175.58
- Upside weekly target: 1118.4
- Upside weekly target: 1062.76
- Downside weekly target: 998.53
Mahanagar Gas Monthly stock price targets
- Upside monthly target: 1195.8
- Upside monthly target: 1095.48
- Downside monthly target: 1038.55
- Downside monthly target: 979.73
- Downside monthly target: 914.1
- Downside monthly target: 853.6
- Downside monthly target: 812.23
- Downside monthly target: 749.75
Mahanagar Gas (MGL) most active calls puts options
- CE of strike 1100
- CE of strike 1060
- PE of strike 1000
- CE of strike 1080
- CE of strike 1140
- CE of strike 1120
- PE of strike 1040
- CE of strike 1040
- CE of strike 1180
- PE of strike 1020
- CE of strike 1200
- CE of strike 1160
- PE of strike 1080
- PE of strike 1060
- PE of strike 1100
- CE of strike 1240
- CE of strike 1300
- CE of strike 1220
- PE of strike 960
- PE of strike 980
- CE of strike 1020
- PE of strike 1120
- CE of strike 1000
- PE of strike 1140
- PE of strike 1160
- CE of strike 700
- PE of strike 680
- PE of strike 1340
- CE of strike 840
- PE of strike 840
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 Strong 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 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 buy signal for Mahanagar Gas in short term but BUY signal is weak.
RSI is generating a BUY signal in short term and the buying is gaining momentum.
MRSI is in negative zone. This is the SELL zone
Although the stock is in the SELL zone, but selling 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 1060.94 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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