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 |
| 18 Thu Apr 2024 | 1401.20 | 1394.95 to 1489.00 | -4.32% | 1.52 times |
| 16 Tue Apr 2024 | 1464.45 | 1440.00 to 1475.00 | 0.73% | 0.85 times |
| 15 Mon Apr 2024 | 1453.90 | 1404.00 to 1485.00 | 1.76% | 2.11 times |
| 12 Fri Apr 2024 | 1428.70 | 1425.55 to 1461.50 | -1.89% | 0.39 times |
| 10 Wed Apr 2024 | 1456.25 | 1452.00 to 1480.95 | -0.01% | 0.43 times |
| 09 Tue Apr 2024 | 1456.40 | 1450.00 to 1488.90 | -1.8% | 0.62 times |
| 08 Mon Apr 2024 | 1483.10 | 1436.55 to 1487.00 | 2.98% | 1.1 times |
| 05 Fri Apr 2024 | 1440.20 | 1390.00 to 1470.80 | 3.24% | 2.82 times |
| 04 Thu Apr 2024 | 1394.95 | 1382.45 to 1418.15 | -0.74% | 0.53 times |
| 03 Wed Apr 2024 | 1405.35 | 1388.00 to 1407.80 | 0.32% | 0.55 times |
| 02 Tue Apr 2024 | 1400.85 | 1386.85 to 1410.00 | 1.14% | 0.61 times |
| 01 Mon Apr 2024 | 1385.00 | 1365.65 to 1394.90 | 1.54% | 0.5 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, 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 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