Stock analysis Mahanagar Gas MGL
More indepth analysis on MunafaSutra.com
Recent prices of MGL Mahanagar Gas are as follows: Daily volume is divided by 10 day averaged volume
| Date | Close | Range | Change % | Volume |
| 29 Mon Apr 2024 | 1442.20 | 1432.05 to 1475.00 | -1.28% | 0.41 times |
| 26 Fri Apr 2024 | 1460.95 | 1444.55 to 1496.00 | 0.81% | 0.87 times |
| 25 Thu Apr 2024 | 1449.25 | 1414.45 to 1452.00 | 1.89% | 0.61 times |
| 24 Wed Apr 2024 | 1422.35 | 1397.75 to 1424.65 | 1.06% | 0.52 times |
| 23 Tue Apr 2024 | 1407.40 | 1382.00 to 1418.80 | 1.71% | 0.6 times |
| 22 Mon Apr 2024 | 1383.70 | 1370.00 to 1405.30 | -0.55% | 1.19 times |
| 19 Fri Apr 2024 | 1391.35 | 1367.20 to 1401.40 | -0.7% | 0.71 times |
| 18 Thu Apr 2024 | 1401.20 | 1394.95 to 1489.00 | -4.32% | 1.72 times |
| 16 Tue Apr 2024 | 1464.45 | 1440.00 to 1475.00 | 0.73% | 0.96 times |
| 15 Mon Apr 2024 | 1453.90 | 1404.00 to 1485.00 | 1.76% | 2.39 times |
| 12 Fri Apr 2024 | 1428.70 | 1425.55 to 1461.50 | -1.89% | 0.44 times |
| 10 Wed Apr 2024 | 1456.25 | 1452.00 to 1480.95 | -0.01% | 0.49 times |
Technical analysis forecast of Mahanagar Gas Stock is that its in a uptrend for shortterm, and I will avoid taking a SHORT or SELL trade in this stock. Look for opportunities to BUY or go LONG in Mahanagar Gas MGL at this time. Stock is rising and might rise more.
It appears as if Mahanagar Gas MGL gave a large move recently.
Stock of Mahanagar Gas (MGL) 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!
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 1451.6 as stoploss in an intra day sell trade for a target of 1419.19. However, stock will show a bullish move above 1451.6.