MGL NEWS why is Mahanagar Gas price falling or rising

MGL NEWS reasons for why stock price of Mahanagar Gas is falling or rising

MGL Mahanagar Gas is falling or rising technical reasons

Technical analysis forecast for Mahanagar Gas Stock is that its in a downtrend for shortterm, and I will avoid taking a BUY or a LONG trade in this stock. Look for opportunities to sell or SHORT Mahanagar Gas MGL at this time. Stock is falling and might fall more.

It appears as if Mahanagar Gas MGL gave a large move recently.

Stock of Mahanagar Gas (MGL) is trading below an important moving average line, but it crossed this line recently, which means that it could show a small or a large recovery soon enough depending on its trend.

My analysis of Mahanagar Gas is bearish for shortterm, and stock might move down till 1356.4 or till 1296.2. Use a stoploss of 1406.65 and if the stock hits stoploss, then it can shoot up till 1456.87

MGL Mahanagar Gas is falling or rising NEWS fundamental reasons

Company Announcement Mahanagar Gas Limited has informed the Exchange about Certificate under SEBI (Depositories and Participants) Regulations, 2018 - NEWS as on 2024-04-09

Company Announcement - NEWS as on 2024-04-04

Company Announcement Mahanagar Gas Limited has informed the Exchange regarding the Trading Window closure pursuant to SEBI (Prohibition of Insider Trading) Regulations, 2015 - NEWS as on 2024-04-01

Company Announcement Mahanagar Gas Limited has informed the Exchange about update on Acquisition. - NEWS as on 2024-02-27

Company Announcement Mahanagar Gas Limited has informed the Exchange about Schedule of meet - NEWS as on 2024-02-20

MGL announced a dividend of Rupees 12 per share, which makes a dividend yield of 0.82 based on current price. Effective date of this dividend is 05 Mon Feb 2024 - NEWS as on 2024-02-01 MunafaSutra.com

Company Announcement Mahanagar Gas Limited has informed the Exchange about Transcript - NEWS as on 2024-01-31

Company Announcement Mahanagar Gas Limited has informed the Exchange regarding 'Execution of Agreement for creation of pledge'. - NEWS as on 2024-01-29

Company Announcement Mahanagar Gas Limited has informed the Exchange regarding Notice of Postal Ballot - NEWS as on 2023-12-20

More announcements and NEWS

MGL Mahanagar Gas current price & indicator signals

Moving Averages for Mahanagar Gas

  • 5Day Average: 1418.92
  • 12Day Average: 1429.96
  • 20Day Average: 1399.13
  • 50Day Average: 1421.17
  • 100Day Average: 1326.98
  • 150Day Average: 1235.9
  • 200Day Average: 1190.9

MGL Indicators & signals

Indicator MACD (12,26,9)

1413.13, 1403.6, 10.68
Indicator MACD is in positive zone

Indicator ADX (14)

5.32, 19.63, 21.84
Indicator ADX is indicating that momentum is weak.
Momentum is towards selling.

Indicator RSI (14)

Current RSI is: 47
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of MGL Mahanagar Gas are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
22 Mon Apr 2024 1383.70 1370.00 to 1405.30 -0.55% 0.95 times
19 Fri Apr 2024 1391.35 1367.20 to 1401.40 -0.7% 0.57 times
18 Thu Apr 2024 1401.20 1394.95 to 1489.00 -4.32% 1.38 times
16 Tue Apr 2024 1464.45 1440.00 to 1475.00 0.73% 0.77 times
15 Mon Apr 2024 1453.90 1404.00 to 1485.00 1.76% 1.92 times
12 Fri Apr 2024 1428.70 1425.55 to 1461.50 -1.89% 0.35 times
10 Wed Apr 2024 1456.25 1452.00 to 1480.95 -0.01% 0.4 times
09 Tue Apr 2024 1456.40 1450.00 to 1488.90 -1.8% 0.56 times
08 Mon Apr 2024 1483.10 1436.55 to 1487.00 2.98% 1 times
05 Fri Apr 2024 1440.20 1390.00 to 1470.80 3.24% 2.56 times
04 Thu Apr 2024 1394.95 1382.45 to 1418.15 -0.74% 0.48 times
03 Wed Apr 2024 1405.35 1388.00 to 1407.80 0.32% 0.5 times

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