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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 2025-06-05 View latest technical analysis

10 day averaged volume of Mahanagar Gas is 482795

Date	Daily Closing Price	Open	High	Low	Volume
05 Thu Jun 2025	1307.10	1304.10	1332.20	1295.20	2.628 times
04 Wed Jun 2025	1301.00	1318.10	1319.00	1290.60	1.166 times
03 Tue Jun 2025	1313.60	1331.00	1332.10	1310.10	0.7 times
02 Mon Jun 2025	1319.00	1332.90	1376.40	1315.50	1.867 times
30 Fri May 2025	1325.20	1384.90	1387.50	1320.20	1.85 times
29 Thu May 2025	1382.70	1369.30	1398.90	1355.80	1.405 times
28 Wed May 2025	1357.80	1339.30	1369.30	1331.60	0.787 times
27 Tue May 2025	1334.60	1341.00	1341.60	1318.00	0.83 times
26 Mon May 2025	1341.40	1352.70	1361.80	1336.40	0.406 times
23 Fri May 2025	1348.80	1358.90	1364.10	1345.10	0.394 times

Stock of Mahanagar Gas (MGL) has showed a significant upmove. This could be a good time to enter in this stock!

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 1325.6, but if it comes above 1325.6, then a intra day buy could be more profitable.
If you take a sell trade below 1325.6, then use 1325.6 as stoploss and 1287 as target. However if you take a buy trade in stock , then use 1325.6 as stoploss and 1357.82 as target.

Share price targets for Mahanagar Gas (MGL)

Target Type	Value
Downside Target	1195.55
Downside Target	1230.50
Downside Target	1290.60
Upside Target	1317.70
Upside Target	1376.40
Upside Target	1398.90
Upside Target	1407.00
Upside Target	1407.40
Upside Target	1420.00
Upside Target	1434.20
Upside Target	1435.40

Intraday share price targets for Mahanagar Gas (MGL)

Target Type	Value
Downside Intraday Target	1273
Downside Intraday Target	1238.9
Upside Intraday Target	1358.8
Upside Intraday Target	1410.5
Upside Intraday Target	1324.7

Weekly technical analysis of Mahanagar Gas (MGL)

Date	Weekly Closing Price	Open	High	Low	Volume
05 Thu Jun 2025	1307.10	1332.90	1376.40	1290.60	1.205 times
30 Fri May 2025	1325.20	1352.70	1398.90	1318.00	1.47 times
23 Fri May 2025	1348.80	1391.40	1434.20	1342.00	0.943 times
16 Fri May 2025	1391.40	1377.10	1420.00	1363.00	0.549 times
09 Fri May 2025	1362.50	1362.10	1435.40	1317.70	1.311 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
05 Thu Jun 2025	1307.10	1332.90	1376.40	1290.60	0.302 times
30 Fri May 2025	1325.20	1346.30	1435.40	1317.70	0.859 times
30 Wed Apr 2025	1346.10	1377.80	1407.00	1230.50	1.541 times
28 Fri Mar 2025	1386.95	1260.00	1407.40	1195.55	1.032 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 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 negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

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.

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 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 BUY signal in short term but buying 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 1328.08 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.