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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 2025-03-07 View latest technical analysis

10 day averaged volume of Mahanagar Gas is 446375

Date	Daily Closing Price	Open	High	Low	Volume
07 Fri Mar 2025	1284.00	1325.15	1334.00	1271.30	2.15 times
06 Thu Mar 2025	1336.50	1303.95	1339.95	1285.35	1.833 times
05 Wed Mar 2025	1280.40	1216.70	1289.55	1216.70	1.041 times
04 Tue Mar 2025	1213.85	1221.00	1229.60	1195.55	0.551 times
03 Mon Mar 2025	1235.40	1260.00	1266.70	1216.35	1.018 times
28 Fri Feb 2025	1237.50	1304.05	1309.95	1233.00	1.221 times
27 Thu Feb 2025	1311.30	1322.10	1329.65	1285.35	1.103 times
25 Tue Feb 2025	1319.20	1305.00	1327.90	1304.15	0.602 times
24 Mon Feb 2025	1317.00	1313.00	1324.10	1296.90	0.567 times
21 Fri Feb 2025	1334.45	1332.55	1365.85	1325.75	0.7 times

Stock of Mahanagar Gas (MGL) has showed a significant fall. This could be a good time to exit from this stock.

My analysis of stock is bearish for shortterm, and stock might move down till 1257.1 or till 1211. Use a stoploss of 1295.61 and if the stock hits stoploss, then it can shoot up till 1334.08

Share price targets for Mahanagar Gas (MGL)

Target Type	Value
Downside Target	1075.25
Downside Target	1186.20
Upside Target	1289.10
Upside Target	1339.95
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	1206.38
Downside Intraday Target	1128.77
Upside Intraday Target	1350.78
Upside Intraday Target	1417.57
Downside Intraday Target	1273.17

Weekly technical analysis of Mahanagar Gas (MGL)

Date	Weekly Closing Price	Open	High	Low	Volume
07 Fri Mar 2025	1284.00	1260.00	1339.95	1195.55	1.887 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, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Mahanagar Gas (MGL)

Date	Monthly Closing Price	Open	High	Low	Volume
07 Fri Mar 2025	1284.00	1260.00	1339.95	1195.55	0.396 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 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 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 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 BUY. 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 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 SELL signal for Mahanagar Gas in short term but SELL signal is weak.

RSI is generating a BUY signal in short term but buying 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 1288.9 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.