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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
25 Fri Sep 821.30 821.50 836.25 812.20 10.52 lakhs
24 Thu Sep 818.05 844.00 846.95 816.00 8.37 lakhs
23 Wed Sep 842.90 860.00 865.00 834.15 6.66 lakhs
22 Tue Sep 851.30 888.00 889.00 830.35 31.08 lakhs
21 Mon Sep 886.40 923.70 941.00 878.35 18.48 lakhs
MGL chart

Although my analysis for stock is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 818.3, for a target of 860.9 or 896.4

  • 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 negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Intraday technical analysis of Mahanagar Gas

Stock is trading at 821.30 as on 25 Fri Sep 15:33

Day open is at 821.50, day high is at 836.25, day low is at 812.20, and day volume is at 416.38 lakhs so far.

First 15 minute high low range is 821.10 - 836.25

First hour high low range is 818.20 - 836.25

Date Intraday Price Open High Low Volume
25 Fri Sep 15:33 821.30 821.50 836.25 812.20 1051742
25 Fri Sep 15:30 825.00 821.50 836.25 812.20 1051742
25 Fri Sep 15:25 824.50 821.50 836.25 812.20 1033473
25 Fri Sep 15:20 823.60 821.50 836.25 812.20 1018574
25 Fri Sep 15:15 820.35 821.50 836.25 812.20 994174
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: 828.68 or 820.4875
  • Upside target: 836.25
  • Downside target : 805.95
  • Second Upside target: 828.78
  • Second Downside target : 804.73

Mahanagar Gas (MGL) weekly technical analysis

Date Weekly Close Open Range Volume
25 Fri Sep 821.30 923.70 812.20
941.00
75.122 lakhs
18 Fri Sep 919.15 911.00 904.05
949.00
45.839 lakhs
11 Fri Sep 906.10 914.95 876.15
923.65
36.785 lakhs
04 Fri Sep 912.40 999.00 893.35
1009.00
70.525 lakhs
28 Fri Aug 992.25 1049.00 987.65
1074.90
51.202 lakhs
weekly MGL chart

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 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 negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Mahanagar Gas (MGL) Monthly technical analysis

Date Monthly Close Open Range Volume
25 Fri Sep 821.30 952.00 812.20
959.95
216.632 lakhs
31 Mon Aug 952.00 970.00 946.00
1074.90
204.622 lakhs
31 Fri Jul 974.45 1050.00 959.00
1088.15
218.789 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
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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this 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: 958.38
  • Upside daily target: 909.83
  • Upside daily target: 853.95
  • Downside daily target: 811.5

Mahanagar Gas Weekly stock price targets

  • Upside weekly target: 1101.55
  • Upside weekly target: 1033.58
  • Upside weekly target: 981.86
  • Upside weekly target: 930.3
  • Upside weekly target: 881.15
  • Downside weekly target: 752.35

Mahanagar Gas Monthly stock price targets

  • Upside monthly target: 1333.48
  • Upside monthly target: 1167
  • Upside monthly target: 1086.28
  • Upside monthly target: 1031.3
  • Upside monthly target: 979.73
  • Upside monthly target: 914.1
  • Upside monthly target: 851.41
  • Downside monthly target: 803.81
  • Downside monthly target: 742.88
  • 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 SELL. Signal strength is Strong and stock is gaining momentum.

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

Mahanagar Gas Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears 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 SELL signal for Mahanagar Gas in short term and SELL signal is strong!

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

Stock of Mahanagar Gas is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 878.12 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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