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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 2025-04-08 View latest technical analysis

10 day averaged volume of Mahanagar Gas is 339792

Date	Daily Closing Price	Open	High	Low	Volume
08 Tue Apr 2025	1311.70	1325.05	1358.85	1290.80	1.071 times
07 Mon Apr 2025	1305.25	1272.00	1315.55	1252.00	1.225 times
04 Fri Apr 2025	1330.90	1385.00	1393.95	1321.05	0.71 times
03 Thu Apr 2025	1396.00	1379.00	1400.00	1370.05	0.938 times
02 Wed Apr 2025	1387.90	1385.80	1390.00	1365.00	0.767 times
01 Tue Apr 2025	1385.80	1377.80	1407.00	1368.05	0.976 times
28 Fri Mar 2025	1386.95	1367.45	1398.00	1361.50	1.165 times
27 Thu Mar 2025	1367.35	1340.50	1380.00	1333.00	0.947 times
26 Wed Mar 2025	1348.30	1357.55	1374.50	1345.00	0.55 times
25 Tue Mar 2025	1365.50	1396.00	1401.45	1359.55	0.678 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 1303.3 as stoploss in an intra day buy trade for a target of 1342.27. However, stock will show a bearish move below 1303.3.

Share price targets for Mahanagar Gas (MGL)

Target Type	Value
Downside Target	1186.20
Downside Target	1242.30
Downside Target	1283.60
Upside Target	1358.85
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	1256.18
Downside Intraday Target	1200.67
Upside Intraday Target	1363.03
Upside Intraday Target	1414.37
Downside Intraday Target	1307.52

Weekly technical analysis of Mahanagar Gas (MGL)

Date	Weekly Closing Price	Open	High	Low	Volume
08 Tue Apr 2025	1311.70	1272.00	1358.85	1252.00	0.677 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
08 Tue Apr 2025	1311.70	1377.80	1407.00	1252.00	0.252 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 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 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 to mid 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 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 but the sell signal is initial and weak.

Mahanagar Gas Stock is trading near its recent LOWS in short term which reflects strong selling momentum. 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 moving up

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 and selling is picking up 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 1357.4 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.