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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 2025-02-07 View latest technical analysis

10 day averaged volume of Mahanagar Gas is 990374

Date	Daily Closing Price	Open	High	Low	Volume
07 Fri Feb 2025	1359.50	1344.95	1363.00	1327.00	0.288 times
06 Thu Feb 2025	1342.05	1352.00	1363.90	1322.00	0.255 times
05 Wed Feb 2025	1348.55	1341.55	1376.30	1330.30	0.673 times
04 Tue Feb 2025	1337.55	1321.60	1339.90	1311.05	0.249 times
03 Mon Feb 2025	1318.80	1345.05	1349.00	1289.10	0.542 times
31 Fri Jan 2025	1379.85	1309.90	1385.45	1303.50	1.612 times
30 Thu Jan 2025	1303.50	1270.60	1336.95	1261.25	2.254 times
29 Wed Jan 2025	1267.20	1285.10	1339.00	1257.50	2.658 times
28 Tue Jan 2025	1277.95	1258.50	1288.00	1239.55	0.6 times
27 Mon Jan 2025	1258.30	1268.00	1286.45	1248.05	0.727 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 1339.6, but if it comes below 1339.6, then a intra day sell could be more profitable.
If you take a sell trade below 1339.6, then use 1339.6 as stoploss and 1302.71 as target. However if you take a buy trade in stock , then use 1339.6 as stoploss and 1384 as target.

Share price targets for Mahanagar Gas (MGL)

Target Type	Value
Downside Target	1075.25
Downside Target	1186.20
Downside Target	1214.60
Downside Target	1289.10
Downside Target	1332.80
Upside Target	1376.30
Upside Target	1385.45
Upside Target	1390.55
Upside Target	1460.50
Upside Target	1958.00

Intraday share price targets for Mahanagar Gas (MGL)

Target Type	Value
Downside Intraday Target	1306.97
Downside Intraday Target	1254.43
Upside Intraday Target	1394.17
Upside Intraday Target	1428.83
Downside Intraday Target	1341.63

Weekly technical analysis of Mahanagar Gas (MGL)

Date	Weekly Closing Price	Open	High	Low	Volume
07 Fri Feb 2025	1359.50	1345.05	1376.30	1289.10	0.256 times
31 Fri Jan 2025	1379.85	1268.00	1385.45	1239.55	4.298 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

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

Monthly technical analysis of Mahanagar Gas (MGL)

Date	Monthly Closing Price	Open	High	Low	Volume
07 Fri Feb 2025	1359.50	1345.05	1376.30	1289.10	0.089 times
31 Fri Jan 2025	1379.85	1280.00	1385.45	1214.60	1.552 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

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 definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

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

Price action analysis of Mahanagar Gas ( (MGL) ) based on a short to mid term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Mahanagar Gas ( (MGL) ) based on a mid to longer term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

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 and the buy signal is strong.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Mahanagar Gas Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting stronger in this stock.

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 and selling is picking up momentum.

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying 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 1308.72 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.