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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
15 Tue Jun 1265.80 1227.80 1278.75 1220.00 19.94 lakhs
14 Mon Jun 1221.65 1232.95 1234.85 1201.15 4.69 lakhs
11 Fri Jun 1226.90 1190.10 1234.60 1189.30 15.77 lakhs
10 Thu Jun 1188.65 1188.70 1196.80 1171.75 3.08 lakhs
09 Wed Jun 1182.45 1191.20 1216.10 1172.45 9.95 lakhs
MGL chart

Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 1259.7, for a target of 1216.5 or 1180.51

  • Daily Price action analysis of MGL 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.

  • 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 1265.80 as on 15 Tue Jun 15:34

Day open is at 1227.80, day high is at 1278.75, day low is at 1220.00, and day volume is at 783.75 lakhs so far.

First 15 minute high low range is 1220.00 - 1232.95

First hour high low range is 1220.00 - 1232.95

Date Intraday Price Open High Low Volume
15 Tue Jun 15:34 1265.80 1227.80 1278.75 1220.00 1993514
15 Tue Jun 15:29 1267.45 1227.80 1278.75 1220.00 1993514
15 Tue Jun 15:25 1268.35 1227.80 1278.75 1220.00 1977935
15 Tue Jun 15:20 1266.70 1227.80 1278.75 1220.00 1948070
15 Tue Jun 15:15 1265.45 1227.80 1278.75 1220.00 1924616
Intraday MGL chart

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: 1226.48 or 1260.825
  • Upside target: 1232.95
  • Downside target : 1207.05
  • Second Upside target: 1301.65
  • Second Downside target : 1242.9

Mahanagar Gas (MGL) weekly technical analysis

Date Weekly Close Open Range Volume
15 Tue Jun 1265.80 1232.95 1201.15
1278.75
24.63 lakhs
11 Fri Jun 1226.90 1192.00 1171.75
1234.60
36.744 lakhs
04 Fri Jun 1182.10 1182.00 1148.00
1214.65
20.67 lakhs
28 Fri May 1175.10 1146.50 1131.00
1223.80
74.532 lakhs
21 Fri May 1130.85 1104.00 1084.55
1142.90
18.305 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 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 (MGL) Monthly technical analysis

Date Monthly Close Open Range Volume
15 Tue Jun 1265.80 1191.50 1148.00
1278.75
76.653 lakhs
31 Mon May 1191.15 1126.25 1084.55
1223.80
132.901 lakhs
30 Fri Apr 1125.35 1183.05 1055.30
1193.90
88.398 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
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 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 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: 1301.65
  • Downside daily target: 1228.73
  • Downside daily target: 1169.28

Mahanagar Gas Weekly stock price targets

  • Upside weekly target: 1311.08
  • Downside weekly target: 1245.85
  • Downside weekly target: 1166.05
  • Downside weekly target: 1107.7
  • Downside weekly target: 1051.9

Mahanagar Gas Monthly stock price targets

  • Upside monthly target: 1337.65
  • Downside monthly target: 1242.83
  • Downside monthly target: 1180.83
  • Downside monthly target: 1123.48
  • Downside monthly target: 1051.29
  • Downside monthly target: 970.95
  • Downside monthly target: 895
  • Downside monthly target: 844.8
  • 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 positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

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

MACD generated a BUY signal for Mahanagar Gas in short term and the buy signal is strong.

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 HIGHS, which reflects strong buying momentum in short term! Bulls 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 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 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 1218.69 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 rising upwards.

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 is giving positive 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