Munafa Mahanagar Gas (MGL) stock tips, volume analysis, indicator analysis [intraday, positional] for today and tomorrow

Munafa Mahanagar Gas (MGL) stock tips, volume analysis, indicator analysis [intraday, positional] for today and tomorrow Mahanagar Gas intraday tips for today and tomorrow

Mahanagar Gas (MGL) Indicator analysis

Moving Averages for Mahanagar Gas

  • 5Day Average: 1410.81
  • 12Day Average: 1433.17
  • 20Day Average: 1415.78
  • 50Day Average: 1417.97
  • 100Day Average: 1338.91
  • 150Day Average: 1243.82
  • 200Day Average: 1196.13

MGL Indicators & signals

Indicator MACD (12,26,9)

1419.25, 1408.51, 10.06
Indicator MACD is in positive zone

Indicator ADX (14)

12.37, 23.8, 18.56
Indicator ADX is indicating that momentum is weak.
Indicator ADX is showing that momentum is towards buying

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
25 Thu Apr 2024 1449.25 1414.45 to 1452.00 1.89% 0.63 times
24 Wed Apr 2024 1422.35 1397.75 to 1424.65 1.06% 0.54 times
23 Tue Apr 2024 1407.40 1382.00 to 1418.80 1.71% 0.62 times
22 Mon Apr 2024 1383.70 1370.00 to 1405.30 -0.55% 1.22 times
19 Fri Apr 2024 1391.35 1367.20 to 1401.40 -0.7% 0.74 times
18 Thu Apr 2024 1401.20 1394.95 to 1489.00 -4.32% 1.77 times
16 Tue Apr 2024 1464.45 1440.00 to 1475.00 0.73% 0.99 times
15 Mon Apr 2024 1453.90 1404.00 to 1485.00 1.76% 2.46 times
12 Fri Apr 2024 1428.70 1425.55 to 1461.50 -1.89% 0.45 times
10 Wed Apr 2024 1456.25 1452.00 to 1480.95 -0.01% 0.51 times
09 Tue Apr 2024 1456.40 1450.00 to 1488.90 -1.8% 0.72 times
08 Mon Apr 2024 1483.10 1436.55 to 1487.00 2.98% 1.28 times

Mahanagar Gas stock tips (delivery Volume analysis)

Total 5 day volume for Mahanagar Gas is 1562695, out of which 614779 went into delivery, which is 39.34 percent of total volumes

Volumes in the last session was 261558, out of which 91516 went into delivery, which is 34.99 percent of total volumes.

Although some deliveries are being taken in the stock, still its not a comfortable percentage. The stock might show a slow down or possibly a reversal of its trend in coming days.

Mahanagar Gas MGL intraday stock tips

25 Thursday April Stock tips for Mahanagar Gas (MGL) Stock is trading above an important moving average line, but it crossed this line recently, which means that it could show a small or a large fall soon enough depending on its trend.

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

My analysis of Mahanagar Gas is bullish for shortterm, but tip for tomorrow is selective. Take a BUY trade only if Mahanagar Gas stays above 1447.8, but if it comes below 1447.8, then a intra day sell could be more profitable.
If you take a sell trade below 1447.8, then use 1447.8 as stoploss and 1412.12 as target. However if you take a buy trade in Mahanagar Gas, then use 1447.8 as stoploss and 1490.5 as target.

24 Wednesday April Stock tips for Mahanagar Gas (MGL) Stock is trading above an important moving average line, but it crossed this line recently, which means that it could show a small or a large fall soon enough depending on its trend.

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

My analysis of Mahanagar Gas is bullish for shortterm, and stock might move up till 1446.6 or till 1492.7. Use a stoploss of 1408.21 and if this stock hits its stoploss, then it can fall down till 1369.8

23 Tuesday April Stock tips for Mahanagar Gas (MGL) Stock is trading above an important moving average line, but it crossed this line recently, which means that it could show a small or a large fall soon enough depending on its trend.

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

My analysis of Mahanagar Gas is bullish for shortterm, and stock might move up till 1449.6 or till 1500.9. Use a stoploss of 1406.72 and if this stock hits its stoploss, then it can fall down till 1363.89

22 Monday April Stock tips for Mahanagar Gas Stock 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.

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

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

19 Friday April Stock tips for Mahanagar Gas Stock 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.

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

My analysis of Mahanagar Gas is bearish for shortterm, and stock might move down till 1350.6 or till 1280.4. Use a stoploss of 1409.06 and if the stock hits stoploss, then it can shoot up till 1467.52

18 Thursday April Stock tips for Mahanagar Gas Stock 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.

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

My analysis of Mahanagar Gas is bearish for shortterm, and stock might move down till 1346.5 or till 1269.2. Use a stoploss of 1410.92 and if the stock hits stoploss, then it can shoot up till 1475.34

16 Tuesday April Stock tips for Mahanagar Gas (MGL) Stock is trading above an important moving average line, and it has been above this line for quite some time now. This is a good sign, and the stock might keep rising and move higher!

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

My analysis of Mahanagar Gas is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 1481.6 as stoploss in an intra day sell trade for a target of 1411.94. However, stock will show a bullish move above 1481.6.

Mahanagar Gas MGL tips for tomorrow

Tomorrow's movement Prediction of Mahanagar Gas MGL appears strongly Bullish. This stock started moving upwards as soon as it opened. Generally this happens when there is a positive sentiment following the stock, making it attractive. There's a good chance that this upwards movement will continue tomorrow as well.

Tomorrow's movement Prediction of Mahanagar Gas MGL is bullish. The stock is trading above weekly resistance and downside can only be expected once it trades below 1440.18

Munafa value: 75

 Munafa value: 75

If this Munafa value is near or nearing 100, then this stock might show an upward movement. However, if this value is near or nearing 10, then this stock might very well show a downward movement.

If the Munafa value is near 50, then the stock might show a sideways movement.

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Munafa Mahanagar Gas (MGL) stock tips, volume analysis, indicator analysis [intraday, positional] for today and tomorrow

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Munafa Mahanagar Gas (MGL) stock tips, volume analysis, indicator analysis [intraday, positional] for today and tomorrow

 

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