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 |
| 22 Fri Nov 2024 | 1157.50 | 1122.00 to 1174.30 | 2.86% | 1.87 times |
| 21 Thu Nov 2024 | 1125.35 | 1088.05 to 1137.00 | -0.06% | 1.34 times |
| 19 Tue Nov 2024 | 1126.05 | 1112.00 to 1145.80 | -0.35% | 1.56 times |
| 18 Mon Nov 2024 | 1130.00 | 1075.25 to 1221.00 | -13.91% | 4.46 times |
| 14 Thu Nov 2024 | 1312.65 | 1306.50 to 1340.00 | -1.28% | 0.35 times |
| 13 Wed Nov 2024 | 1329.65 | 1323.35 to 1372.25 | -2.96% | 0.34 times |
| 12 Tue Nov 2024 | 1370.20 | 1366.00 to 1416.40 | -2.23% | 0.26 times |
| 11 Mon Nov 2024 | 1401.50 | 1397.00 to 1420.35 | -1.42% | 0.32 times |
| 08 Fri Nov 2024 | 1421.65 | 1411.00 to 1460.50 | -1.11% | 0.43 times |
| 07 Thu Nov 2024 | 1437.65 | 1425.20 to 1455.00 | 0.21% | 0.32 times |
| 06 Wed Nov 2024 | 1434.70 | 1390.20 to 1439.00 | 4% | 0.62 times |
| 05 Tue Nov 2024 | 1379.55 | 1350.00 to 1390.00 | -0.59% | 0.63 times |
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, and it has been below this line for quite some time now. This is not a good sign, stock might keep falling and stock might move lower...
My analysis of Mahanagar Gas is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if Mahanagar Gas stays below 1236, but if it comes above 1236, then a intra day buy could be more profitable.
If you take a sell trade below 1236, then use 1236 as stoploss and 1087.6 as target. However if you take a buy trade in Mahanagar Gas, then use 1236 as stoploss and 1359.61 as target.