Daily Technical Analysis Weekly Analysis Monthly Analysis Renko chart MACD chart Bollinger Bands chart Stochastics charts Force Index charts

(MGL) Mahanagar Gas complete technical analysis [charts+indicators] | Buy/Sell Mahanagar Gas | (MGL) share price targets

Complete technical analysis of Mahanagar Gas (MGL) by charts plus indicators, forecast predictions and share price targets for Mahanagar Gas (MGL)

Showing technical analysis as on 2025-01-29 View latest technical analysis

10 day averaged volume of Mahanagar Gas is 497293

Date	Daily Closing Price	Open	High	Low	Volume
29 Wed Jan 2025	1267.20	1285.10	1339.00	1257.50	5.293 times
28 Tue Jan 2025	1277.95	1258.50	1288.00	1239.55	1.195 times
27 Mon Jan 2025	1258.30	1268.00	1286.45	1248.05	1.449 times
24 Fri Jan 2025	1278.45	1314.00	1320.75	1274.80	0.855 times
23 Thu Jan 2025	1312.90	1282.95	1315.50	1264.05	0.727 times
22 Wed Jan 2025	1280.20	1284.30	1287.55	1254.25	0.569 times
21 Tue Jan 2025	1277.55	1310.00	1323.45	1272.90	0.736 times
20 Mon Jan 2025	1307.10	1329.45	1329.45	1288.00	0.751 times
17 Fri Jan 2025	1321.60	1298.95	1332.80	1285.80	1.53 times
16 Thu Jan 2025	1294.50	1309.90	1325.00	1285.65	1.06 times

Stock of Mahanagar Gas (MGL) has showed a significant fall. This could be a good time to exit from this stock.

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 1256.8 as stoploss in an intra day buy trade for a target of 1280.1. However, stock will show a bearish move below 1256.8.

Share price targets for Mahanagar Gas (MGL)

Target Type	Value
Downside Target	1075.25
Downside Target	1186.20
Downside Target	1214.60
Upside Target	1309.50
Upside Target	1332.80
Upside Target	1339.00
Upside Target	1390.55
Upside Target	1460.50
Upside Target	1790.05
Upside Target	1958.00
Upside Target	1988.00

Intraday share price targets for Mahanagar Gas (MGL)

Target Type	Value
Downside Intraday Target	1224.83
Downside Intraday Target	1182.47
Upside Intraday Target	1324.28
Upside Intraday Target	1381.37
Upside Intraday Target	1281.92

Weekly technical analysis of Mahanagar Gas (MGL)

Date	Weekly Closing Price	Open	High	Low	Volume
29 Wed Jan 2025	1267.20	1268.00	1339.00	1239.55	2.181 times
24 Fri Jan 2025	1278.45	1329.45	1329.45	1254.25	0.485 times
17 Fri Jan 2025	1321.60	1278.05	1332.80	1214.60	0.588 times
10 Fri Jan 2025	1286.10	1324.95	1324.95	1227.45	1.658 times
03 Fri Jan 2025	1312.85	1239.40	1329.50	1231.00	2.391 times

Price has moved down this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Mahanagar Gas (MGL)

Date	Monthly Closing Price	Open	High	Low	Volume
29 Wed Jan 2025	1267.20	1280.00	1339.00	1214.60	1.286 times
31 Tue Dec 2024	1284.40	1205.00	1309.50	1186.20	0.81 times
29 Fri Nov 2024	1191.75	1448.00	1460.50	1075.25	1.035 times
31 Thu Oct 2024	1441.60	1950.00	1958.00	1390.55	0.979 times

Scroll below to view daily charts

Price has moved down this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.

Indicators analysis of Mahanagar Gas (MGL)

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.

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

Price action analysis of Mahanagar Gas ( (MGL) ) based on a mid to longer term time period is neutral. A longer time frame might give a better analysis.

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.

Mahanagar Gas Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.

Ichimoku cloud is of green color and prices are in or below the green cloud Prices appear to be coming down

CCI has generated a buy signal for Mahanagar Gas in short term but BUY signal is weak.

RSI is generating a SELL signal in short term but selling is losing momentum.

MRSI is in negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling might be slowing down

Stock of Mahanagar Gas is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 1281.32 and Mahanagar Gas (MGL) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down

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 has given negative 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.