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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 2025-04-07 View latest technical analysis

10 day averaged volume of Mahanagar Gas is 335941

Date	Daily Closing Price	Open	High	Low	Volume
07 Mon Apr 2025	1305.25	1272.00	1315.55	1252.00	1.239 times
04 Fri Apr 2025	1330.90	1385.00	1393.95	1321.05	0.718 times
03 Thu Apr 2025	1396.00	1379.00	1400.00	1370.05	0.949 times
02 Wed Apr 2025	1387.90	1385.80	1390.00	1365.00	0.776 times
01 Tue Apr 2025	1385.80	1377.80	1407.00	1368.05	0.987 times
28 Fri Mar 2025	1386.95	1367.45	1398.00	1361.50	1.178 times
27 Thu Mar 2025	1367.35	1340.50	1380.00	1333.00	0.958 times
26 Wed Mar 2025	1348.30	1357.55	1374.50	1345.00	0.556 times
25 Tue Mar 2025	1365.50	1396.00	1401.45	1359.55	0.685 times
24 Mon Mar 2025	1390.10	1383.00	1407.40	1377.15	2.068 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 1300.4 as stoploss in an intra day buy trade for a target of 1340.89. However, stock will show a bearish move below 1300.4.

Share price targets for Mahanagar Gas (MGL)

Target Type	Value
Downside Target	1186.20
Downside Target	1242.30
Downside Target	1283.60
Upside Target	1333.00
Upside Target	1376.30
Upside Target	1385.45
Upside Target	1392.95
Upside Target	1407.00
Upside Target	1407.40

Intraday share price targets for Mahanagar Gas (MGL)

Target Type	Value
Downside Intraday Target	1266.32
Downside Intraday Target	1227.38
Upside Intraday Target	1329.87
Upside Intraday Target	1354.48
Downside Intraday Target	1290.93

Weekly technical analysis of Mahanagar Gas (MGL)

Date	Weekly Closing Price	Open	High	Low	Volume
07 Mon Apr 2025	1305.25	1272.00	1315.55	1252.00	0.361 times
04 Fri Apr 2025	1330.90	1377.80	1407.00	1321.05	0.63 times
28 Fri Mar 2025	1386.95	1383.00	1407.40	1333.00	0.979 times
21 Fri Mar 2025	1380.00	1288.05	1392.95	1283.60	1.809 times
13 Thu Mar 2025	1285.95	1280.00	1307.90	1242.30	0.351 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
07 Mon Apr 2025	1305.25	1377.80	1407.00	1252.00	0.204 times
28 Fri Mar 2025	1386.95	1260.00	1407.40	1195.55	1.032 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

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 negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

Price action analysis of Mahanagar Gas ( (MGL) ) based on a short 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 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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

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 but the sell signal is initial and weak.

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. 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 1368.98 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.