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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 2025-02-14 View latest technical analysis

10 day averaged volume of Mahanagar Gas is 491943

Date	Daily Closing Price	Open	High	Low	Volume
14 Fri Feb 2025	1239.60	1299.45	1317.55	1225.95	0.783 times
13 Thu Feb 2025	1298.05	1301.85	1318.00	1291.55	0.572 times
12 Wed Feb 2025	1301.85	1291.15	1319.40	1256.05	0.829 times
11 Tue Feb 2025	1297.50	1336.00	1338.00	1278.55	0.733 times
10 Mon Feb 2025	1331.15	1355.55	1357.95	1322.40	0.578 times
07 Fri Feb 2025	1359.50	1344.95	1363.00	1327.00	0.581 times
06 Thu Feb 2025	1342.05	1352.00	1363.90	1322.00	0.513 times
05 Wed Feb 2025	1348.55	1341.55	1376.30	1330.30	1.355 times
04 Tue Feb 2025	1337.55	1321.60	1339.90	1311.05	0.502 times
03 Mon Feb 2025	1318.80	1345.05	1349.00	1289.10	1.092 times

Although my analysis for stock is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 1228.7, for a target of 1270.8 or 1305.88

Share price targets for Mahanagar Gas (MGL)

Target Type	Value
Downside Target	1075.25
Downside Target	1186.20
Downside Target	1214.60
Upside Target	1289.10
Upside Target	1357.95
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	1191.05
Downside Intraday Target	1142.5
Upside Intraday Target	1323.05
Upside Intraday Target	1406.5
Upside Intraday Target	1274.5

Weekly technical analysis of Mahanagar Gas (MGL)

Date	Weekly Closing Price	Open	High	Low	Volume
14 Fri Feb 2025	1239.60	1355.55	1357.95	1225.95	0.865 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
14 Fri Feb 2025	1239.60	1345.05	1376.30	1225.95	0.166 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 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 SELL. Signal strength is Strong and stock is gaining momentum.

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

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 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 1317.32 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 negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.