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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 2025-02-17 View latest technical analysis

10 day averaged volume of Mahanagar Gas is 370865

Date	Daily Closing Price	Open	High	Low	Volume
17 Mon Feb 2025	1277.40	1239.00	1281.00	1205.75	1.087 times
14 Fri Feb 2025	1239.60	1299.45	1317.55	1225.95	1.039 times
13 Thu Feb 2025	1298.05	1301.85	1318.00	1291.55	0.759 times
12 Wed Feb 2025	1301.85	1291.15	1319.40	1256.05	1.1 times
11 Tue Feb 2025	1297.50	1336.00	1338.00	1278.55	0.972 times
10 Mon Feb 2025	1331.15	1355.55	1357.95	1322.40	0.767 times
07 Fri Feb 2025	1359.50	1344.95	1363.00	1327.00	0.77 times
06 Thu Feb 2025	1342.05	1352.00	1363.90	1322.00	0.681 times
05 Wed Feb 2025	1348.55	1341.55	1376.30	1330.30	1.798 times
04 Tue Feb 2025	1337.55	1321.60	1339.90	1311.05	0.665 times

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 1268.8 as stoploss in an intra day buy trade for a target of 1304.4. However, stock will show a bearish move below 1268.8.

Share price targets for Mahanagar Gas (MGL)

Target Type	Value
Downside Target	1075.25
Downside Target	1186.20
Upside Target	1281.00
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	1228.43
Downside Intraday Target	1179.47
Upside Intraday Target	1303.68
Upside Intraday Target	1329.97
Downside Intraday Target	1254.72

Weekly technical analysis of Mahanagar Gas (MGL)

Date	Weekly Closing Price	Open	High	Low	Volume
17 Mon Feb 2025	1277.40	1239.00	1281.00	1205.75	0.234 times
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

Price has moved up 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
17 Mon Feb 2025	1277.40	1345.05	1376.30	1205.75	0.184 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 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 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 weakening, and bulls are picking up momentum!

Ichimoku cloud is of red color and prices are below the red 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 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 1312.6 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.