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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 2025-03-05 View latest technical analysis

10 day averaged volume of Mahanagar Gas is 402319

Date	Daily Closing Price	Open	High	Low	Volume
05 Wed Mar 2025	1280.40	1216.70	1289.55	1216.70	1.155 times
04 Tue Mar 2025	1213.85	1221.00	1229.60	1195.55	0.611 times
03 Mon Mar 2025	1235.40	1260.00	1266.70	1216.35	1.129 times
28 Fri Feb 2025	1237.50	1304.05	1309.95	1233.00	1.355 times
27 Thu Feb 2025	1311.30	1322.10	1329.65	1285.35	1.223 times
25 Tue Feb 2025	1319.20	1305.00	1327.90	1304.15	0.668 times
24 Mon Feb 2025	1317.00	1313.00	1324.10	1296.90	0.629 times
21 Fri Feb 2025	1334.45	1332.55	1365.85	1325.75	0.777 times
20 Thu Feb 2025	1342.55	1296.65	1347.95	1280.65	1.514 times
19 Wed Feb 2025	1293.65	1277.00	1307.50	1277.00	0.852 times

My analysis of stock is bearish for shortterm, and stock might move down till 1258.8 or till 1210.4. Use a stoploss of 1299.12 and if the stock hits stoploss, then it can shoot up till 1339.43

Share price targets for Mahanagar Gas (MGL)

Target Type	Value
Downside Target	1075.25
Downside Target	1186.20
Upside Target	1289.10
Upside Target	1309.50
Upside Target	1329.65
Upside Target	1357.95
Upside Target	1365.85
Upside Target	1376.30
Upside Target	1385.45
Upside Target	1460.50

Intraday share price targets for Mahanagar Gas (MGL)

Target Type	Value
Downside Intraday Target	1220.78
Downside Intraday Target	1161.17
Upside Intraday Target	1314.78
Upside Intraday Target	1349.17
Downside Intraday Target	1255.17

Weekly technical analysis of Mahanagar Gas (MGL)

Date	Weekly Closing Price	Open	High	Low	Volume
05 Wed Mar 2025	1280.40	1260.00	1289.55	1195.55	0.747 times
28 Fri Feb 2025	1237.50	1313.00	1329.65	1233.00	0.719 times
21 Fri Feb 2025	1334.45	1239.00	1365.85	1205.75	1.26 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

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
05 Wed Mar 2025	1280.40	1260.00	1289.55	1195.55	0.157 times
28 Fri Feb 2025	1237.50	1345.05	1376.30	1205.75	0.332 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

Scroll below to view daily charts

Price has moved up 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 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 Weak and stock is losing momentum.

MACD generated a SELL signal for Mahanagar Gas in short term and the sell 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 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 in or above the red cloud Prices appear to be moving up

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

RSI is generating a BUY signal in short term and the buying is gaining 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 1288.92 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.