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(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 2025-01-30 View latest technical analysis

10 day averaged volume of Mahanagar Gas is 704385

Date	Daily Closing Price	Open	High	Low	Volume
30 Thu Jan 2025	1303.50	1270.60	1336.95	1261.25	3.17 times
29 Wed Jan 2025	1267.20	1285.10	1339.00	1257.50	3.737 times
28 Tue Jan 2025	1277.95	1258.50	1288.00	1239.55	0.844 times
27 Mon Jan 2025	1258.30	1268.00	1286.45	1248.05	1.023 times
24 Fri Jan 2025	1278.45	1314.00	1320.75	1274.80	0.604 times
23 Thu Jan 2025	1312.90	1282.95	1315.50	1264.05	0.513 times
22 Wed Jan 2025	1280.20	1284.30	1287.55	1254.25	0.402 times
21 Tue Jan 2025	1277.55	1310.00	1323.45	1272.90	0.52 times
20 Mon Jan 2025	1307.10	1329.45	1329.45	1288.00	0.53 times
17 Fri Jan 2025	1321.60	1298.95	1332.80	1285.80	1.08 times

Stock of Mahanagar Gas (MGL) has showed a significant upmove. This could be a good time to enter in this stock!

My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 1304.1 as stoploss in an intra day sell trade for a target of 1280.47. However, stock will show a bullish move above 1304.1.

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	1249.03
Downside Intraday Target	1194.57
Upside Intraday Target	1348.48
Upside Intraday Target	1393.47
Downside Intraday Target	1294.02

Weekly technical analysis of Mahanagar Gas (MGL)

Date	Weekly Closing Price	Open	High	Low	Volume
30 Thu Jan 2025	1303.50	1268.00	1339.00	1239.55	3.415 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 up 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
30 Thu Jan 2025	1303.50	1280.00	1339.00	1214.60	1.441 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 up 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 buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

Price action analysis of Mahanagar Gas ( (MGL) ) based on a short to mid term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

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.

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. Bears are weakening, and bulls are picking up momentum!

Ichimoku cloud is of green color and prices are above the green 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 positive zone. This is a BUY 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 1286.18 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.