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 |
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 |
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 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 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) most active calls puts options
- CE of strike 1140
- CE of strike 1200
- CE of strike 1160
- CE of strike 1180
- PE of strike 1100
- CE of strike 1300
- PE of strike 1000
- PE of strike 1040
- PE of strike 980
- CE of strike 1260
- CE of strike 1220
- CE of strike 1120
- CE of strike 1240
- PE of strike 1080
- PE of strike 1120
- PE of strike 1140
- CE of strike 1100
- PE of strike 1160
- PE of strike 1020
- PE of strike 1060
- CE of strike 1000
- PE of strike 1200
- CE of strike 840
- CE of strike 660
- CE of strike 900
- PE of strike 880
- CE of strike 880
- PE of strike 860
- PE of strike 1440
- CE of strike 740
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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