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2022 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 Tue Jan 820.05 816.00 827.00 793.30 5.88 lakhs
24 Mon Jan 816.25 850.00 852.00 804.00 9.2 lakhs
21 Fri Jan 852.80 868.90 873.95 849.00 5.35 lakhs
20 Thu Jan 870.55 865.90 875.00 862.05 6.63 lakhs
19 Wed Jan 864.20 867.00 874.90 857.95 6.04 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 824.8, for a target of 848.2 or 867.75

  • 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 negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

  • 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 814.60 as on 27 Thu Jan 10:00

Day open is at 816.70, day high is at 822.20, day low is at 808.45, and day volume is at 7.37 lakhs so far.

First 15 minute high low range is 812.60 - 822.20

First hour high low range is 808.45 - 822.20

Date Intraday Price Open High Low Volume
27 Thu Jan 10:00 814.60 816.70 822.20 808.45 134351
27 Thu Jan 9:55 814.75 816.70 822.20 808.45 121943
27 Thu Jan 9:50 813.50 816.70 822.20 808.45 108571
27 Thu Jan 9:45 813.15 816.70 822.20 809.45 93122
27 Thu Jan 9:39 812.10 816.70 822.20 811.00 79663
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: 817.4 or 816.8375
  • Upside target: 822.2
  • Downside target : 803
  • Second Upside target: 840.38
  • Second Downside target : 806.68

Mahanagar Gas (MGL) weekly technical analysis

Date Weekly Close Open Range Volume
25 Tue Jan 820.05 850.00 793.30
852.00
15.075 lakhs
21 Fri Jan 852.80 885.00 849.00
893.50
32.295 lakhs
14 Fri Jan 883.55 893.90 874.20
893.90
22.582 lakhs
07 Fri Jan 884.30 863.00 863.00
891.00
32.159 lakhs
31 Fri Dec 862.95 848.95 838.10
871.55
16.8 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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in 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 Tue Jan 820.05 863.00 793.30
893.90
102.112 lakhs
31 Fri Dec 862.95 926.40 834.00
938.00
132.612 lakhs
30 Tue Nov 917.30 1018.05 900.90
1032.40
79.675 lakhs
29 Fri Oct 1003.15 1082.00 963.50
1109.00
100.325 lakhs
30 Thu Sep 1082.65 1146.90 1058.75
1206.30
82.088 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 negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Monthly Price action analysis of Mahanagar Gas based on a short to mid 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

Mahanagar Gas Daily stock price targets

  • Upside daily target: 894.13
  • Upside daily target: 849.75
  • Downside daily target: 806.68

Mahanagar Gas Weekly stock price targets

  • Upside weekly target: 951.9
  • Upside weekly target: 903.13
  • Upside weekly target: 850.53
  • Downside weekly target: 777.33

Mahanagar Gas Monthly stock price targets

  • Upside monthly target: 1277.1
  • Upside monthly target: 1210.45
  • Upside monthly target: 1144.48
  • Upside monthly target: 1056.08
  • Upside monthly target: 996.93
  • Upside monthly target: 937.88
  • Upside monthly target: 867.24
  • Upside monthly target: 825.14
  • Downside monthly target: 756.38

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 negative zone. This is the SELL 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 857.93 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