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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 2025-02-19 View latest technical analysis

10 day averaged volume of Mahanagar Gas is 382693

Date	Daily Closing Price	Open	High	Low	Volume
19 Wed Feb 2025	1293.65	1277.00	1307.50	1277.00	0.896 times
18 Tue Feb 2025	1301.40	1277.80	1306.85	1269.00	1.304 times
17 Mon Feb 2025	1277.40	1239.00	1281.00	1205.75	1.054 times
14 Fri Feb 2025	1239.60	1299.45	1317.55	1225.95	1.007 times
13 Thu Feb 2025	1298.05	1301.85	1318.00	1291.55	0.735 times
12 Wed Feb 2025	1301.85	1291.15	1319.40	1256.05	1.066 times
11 Tue Feb 2025	1297.50	1336.00	1338.00	1278.55	0.942 times
10 Mon Feb 2025	1331.15	1355.55	1357.95	1322.40	0.743 times
07 Fri Feb 2025	1359.50	1344.95	1363.00	1327.00	0.746 times
06 Thu Feb 2025	1342.05	1352.00	1363.90	1322.00	0.66 times

My analysis of stock is bearish for shortterm, and stock might move down till 1271.5 or till 1229.8. Use a stoploss of 1306.26 and if the stock hits stoploss, then it can shoot up till 1341.01

Share price targets for Mahanagar Gas (MGL)

Target Type	Value
Downside Target	1075.25
Downside Target	1186.20
Downside 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	1230.43
Downside Intraday Target	1167.22
Upside Intraday Target	1332.18
Upside Intraday Target	1370.72
Downside Intraday Target	1268.97

Weekly technical analysis of Mahanagar Gas (MGL)

Date	Weekly Closing Price	Open	High	Low	Volume
19 Wed Feb 2025	1293.65	1239.00	1307.50	1205.75	0.724 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
19 Wed Feb 2025	1293.65	1345.05	1376.30	1205.75	0.221 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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

Price action analysis of Mahanagar Gas ( (MGL) ) based on a short to mid 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 mid to longer term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

ADX buy sell signal for Mahanagar Gas stock for short term is SELL. Signal strength is Strong and stock is losing momentum.

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

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. Bulls are getting stronger in this stock.

Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be coming down

CCI has generated a buy signal for Mahanagar Gas in short term but BUY signal is weak.

RSI is generating a SELL signal in short term but selling is losing momentum.

MRSI is in negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling 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 1300.55 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.