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Mahanagar Gas (MGL) Technical (Analysis) Reports Mahanagar Gas ["Technical Analysis"] Reports -NSE Stock Exchange MunafaSutra.com

Complete & easy to understand technical analysis of Mahanagar Gas (MGL)

Technical Analysis Report for NSE stock MGL Mahanagar Gas. Dated: 31 Dec 2024 Updated Daily. Stock trades in NSE stock exchange

If you are looking for Tomorrow's Movement Predictions for NSE stock MGL Mahanagar Gas then click here. or read Experts views on Mahanagar Gas or Forecast & share price targets of Mahanagar Gas

Mahanagar Gas Opened at 1260.00 and Closed at: 1284.40, which is 2.07% of previous session's close. It moved within a range of 1246.05 and 1292.50
The session was a Bullish session with an average volume of 726661, which is 47.5% of previous session's volumes.

• The stock has shown an up move, and its short term trend is also positive and in an uptrend.
• Even though the stock has shown an up move, but the mid term trend of the stock remains negative and in a downtrend.
• There is some positive change in the long term trend, but its too soon to jump onto conclusions.

A Dead cross was found 5 days back on short term averages

Support for tomorrow is 1265.23 and resistance for tomorrow is 1311.68
These support and resistance points are valid for the first 5-15 minutes charts

Above are simple pivot point calculations. For a list of much stronger support and resistance levels click here. These are way more stronger support and resistance levels, and mark trend reversals and are Support & Resistance levels recommended by experts.

Support for tomorrow's hourly charts is 1256.13, 1227.87 resistance for tomorrow's hourly charts is 1302.58, 1320.77

10 Day SMA for Mahanagar Gas (MGL) is 1244.76 and stock is trading above these levels. This is a good sign for its short term trend

20 Day SMA for Mahanagar Gas (MGL) is 1262.8 and the stock is trading above these levels. This is a good sign for its mid term trend

50 Day SMA for Mahanagar Gas (MGL) is 1311.77 and the stock is trading below these levels. This is not a good sign for its mid to long term trend

100 Day SMA is 1575.13 and the stock is trading below these levels. This is not a good sign for its long term trend

200 Day SMA Mahanagar Gas is 1538.31 and stock is trading below these levels. This is not a good sign for its long term trend

20 DMA of Mahanagar Gas is at 1262.8 and 200 DMA is at 1538.31, while 50 DMA and 100 DMA are at 1311.77 and 1575.13 respectively

Mahanagar Gas (MGL) moving average of 20 SMA is at 1262.8 and 20 EMA is at 1260.09

Mahanagar Gas (MGL) moving average of 50 SMA is at 1311.77 and 50 EMA is at 1348.77

Mahanagar Gas (MGL) moving average of 100 SMA is at 1575.13 and 100 EMA is at 1454.25

Mahanagar Gas (MGL) moving average of 200 SMA is at 1538.31 and 200 EMA is at 1466.97

Mahanagar Gas Technical analysis of indicators

Price action analysis of Mahanagar Gas (MGL) based on a short term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

ADX buy sell signal for Mahanagar Gas stock for short term is BUY. Signal strength is Strong and stock is gaining momentum.

MACD generated a BUY signal for Mahanagar Gas in short term but the buy 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 in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bulls 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 buy signal for Mahanagar Gas in short term and BUY signal is strong.

RSI is generating a SELL signal in short term but selling is losing 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 1249.49 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 rising upwards.

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 is giving positive 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.

Tomorrow's Predictions

You should also read Tomorrow's Movement Predictions for NSE stock MGL Mahanagar Gas These predictions are based on various factors, are easy to understand, and upto 75% accurate!

And MGL Experts View which covers a lot of information including buying and selling signals

MGL future forecast & share price targets

You can also take a look at the Charts and indicator analysis here Announcements & NEWS by Mahanagar Gas or View Candle Stick Charts here