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 |
| 03 Fri Jul | 1071.25 | 1058.20 | 1079.75 | 1049.05 | 7.97 lakhs |
| 02 Thu Jul | 1047.80 | 1055.00 | 1062.95 | 1046.00 | 5.43 lakhs |
| 01 Wed Jul | 1050.05 | 1050.00 | 1058.90 | 1033.60 | 6.32 lakhs |
| 30 Tue Jun | 1052.10 | 1056.00 | 1074.00 | 1049.15 | 6.57 lakhs |
| 29 Mon Jun | 1043.65 | 1080.00 | 1087.00 | 1039.00 | 6.96 lakhs |
My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 1076.9 as stoploss in an intra day sell trade for a target of 1049.88. However, stock will show a bullish move above 1076.9.
Daily Price action analysis of MGL based on a short term time period is
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 1071.25 as on 03 Fri Jul 15:33
Day open is at 1058.20, day high is at 1079.75, day low is at 1049.05, and day volume is at 297.06 lakhs so far.
First 15 minute high low range is 1051.55 - 1063.20
First hour high low range is 1049.05 - 1063.20
| Date | Intraday Price | Open | High | Low | Volume |
| 03 Fri Jul 15:33 | 1071.25 | 1058.20 | 1079.75 | 1049.05 | 796492 |
| 03 Fri Jul 15:29 | 1070.45 | 1058.20 | 1079.75 | 1049.05 | 796492 |
| 03 Fri Jul 15:25 | 1069.70 | 1058.20 | 1079.75 | 1049.05 | 787252 |
| 03 Fri Jul 15:20 | 1070.00 | 1058.20 | 1079.75 | 1049.05 | 774154 |
| 03 Fri Jul 15:15 | 1071.70 | 1058.20 | 1079.75 | 1049.05 | 756411 |
Prices of Mahanagar Gas are definitely rising in intraday. Look for buy opportunities.
Take a trade after 9:30am only.
Mahanagar Gas (MGL) intraday stock price targets
- EntEntry: 1057.38 or 1069.95
- Upside target: 1063.2
- Downside target : 1039.9
- Second Upside target: 1090.85
- Second Downside target : 1060.15
Mahanagar Gas (MGL) weekly technical analysis
| Date | Weekly Close | Open | Range | Volume |
| 03 Fri Jul | 1071.25 | 1080.00 | 1033.60 1087.00 |
33.245 lakhs |
| 26 Fri Jun | 1077.15 | 1077.00 | 1035.00 1112.20 |
46.412 lakhs |
| 19 Fri Jun | 1075.65 | 1076.00 | 1033.05 1097.40 |
72.102 lakhs |
| 12 Fri Jun | 1074.20 | 1020.00 | 983.00 1087.30 |
85.294 lakhs |
| 05 Fri Jun | 1012.65 | 982.00 | 942.50 1058.00 |
79.822 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 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 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 |
| 03 Fri Jul | 1071.25 | 1050.00 | 1033.60 1079.75 |
19.711 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 |
| 30 Thu Apr | 972.75 | 819.95 | 801.10 990.00 |
143.186 lakhs |
| 31 Tue Mar | 818.45 | 1020.00 | 663.90 1069.00 |
166.925 lakhs |
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 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: 1091.2
- Downside daily target: 1038.43
Mahanagar Gas Weekly stock price targets
- Upside weekly target: 1133.28
- Upside weekly target: 1079.13
- Downside weekly target: 1025.73
- Downside weekly target: 967.2
- Downside weekly target: 917.6
- Downside weekly target: 861.1
- Downside weekly target: 797.45
Mahanagar Gas Monthly stock price targets
- Upside monthly target: 1333.48
- Upside monthly target: 1167
- Upside monthly target: 1110.33
- Downside monthly target: 1057.43
- Downside monthly target: 997.33
- Downside monthly target: 947.08
- Downside monthly target: 886.93
- Downside monthly target: 803.81
- Downside monthly target: 538.63
Mahanagar Gas (MGL) most active calls puts options
- CE of strike 1080
- CE of strike 1100
- CE of strike 1060
- PE of strike 1040
- CE of strike 1140
- CE of strike 1200
- PE of strike 1000
- PE of strike 1080
- CE of strike 1040
- CE of strike 1120
- CE of strike 1000
- PE of strike 940
- PE of strike 1100
- CE of strike 1180
- CE of strike 1160
- PE of strike 1200
- PE of strike 960
- CE of strike 800
- PE of strike 580
- CE of strike 860
- PE of strike 840
- CE of strike 840
- PE of strike 820
- PE of strike 1300
- PE of strike 800
- PE of strike 700
- CE of strike 620
- PE of strike 620
- CE of strike 680
- PE of strike 680
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 BUY. Signal strength is Weak and stock is gaining momentum.
MACD generated a SELL signal for Mahanagar Gas in short term but the sell signal is initial and weak.
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 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 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 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 1058.86 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 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 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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