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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 2025-02-12 View latest technical analysis

10 day averaged volume of Mahanagar Gas is 909473

Date	Daily Closing Price	Open	High	Low	Volume
12 Wed Feb 2025	1301.85	1291.15	1319.40	1256.05	0.449 times
11 Tue Feb 2025	1297.50	1336.00	1338.00	1278.55	0.396 times
10 Mon Feb 2025	1331.15	1355.55	1357.95	1322.40	0.313 times
07 Fri Feb 2025	1359.50	1344.95	1363.00	1327.00	0.314 times
06 Thu Feb 2025	1342.05	1352.00	1363.90	1322.00	0.278 times
05 Wed Feb 2025	1348.55	1341.55	1376.30	1330.30	0.733 times
04 Tue Feb 2025	1337.55	1321.60	1339.90	1311.05	0.271 times
03 Mon Feb 2025	1318.80	1345.05	1349.00	1289.10	0.591 times
31 Fri Jan 2025	1379.85	1309.90	1385.45	1303.50	1.755 times
30 Thu Jan 2025	1303.50	1270.60	1336.95	1261.25	2.455 times

My analysis of stock is bearish for shortterm, and stock might move down till 1278 or till 1239.8. Use a stoploss of 1309.8 and if the stock hits stoploss, then it can shoot up till 1341.62

Share price targets for Mahanagar Gas (MGL)

Target Type	Value
Downside Target	1075.25
Downside Target	1186.20
Downside Target	1214.60
Downside Target	1239.55
Downside Target	1289.10
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	1252.62
Downside Intraday Target	1203.38
Upside Intraday Target	1354.52
Upside Intraday Target	1407.18
Upside Intraday Target	1305.28

Weekly technical analysis of Mahanagar Gas (MGL)

Date	Weekly Closing Price	Open	High	Low	Volume
12 Wed Feb 2025	1301.85	1355.55	1357.95	1256.05	0.529 times
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

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
12 Wed Feb 2025	1301.85	1345.05	1376.30	1256.05	0.136 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 negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Mahanagar Gas ( (MGL) ) based on a short term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

Price action analysis of Mahanagar Gas ( (MGL) ) based on a short to mid term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this 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 SELL. Signal strength is Weak and stock is gaining momentum.

MACD generated a SELL signal for Mahanagar Gas in short term but the sell signal is initial and weak.

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 getting stronger in this stock.

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

CCI has generated a SELL signal for Mahanagar Gas in short term and SELL 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 1332.51 and Mahanagar Gas (MGL) stock is trading below this level. This means that stock is falling with high volumes. 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.