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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 2025-01-01 View latest technical analysis

10 day averaged volume of Mahanagar Gas is 492125

Date	Daily Closing Price	Open	High	Low	Volume
01 Wed Jan 2025	1282.25	1280.00	1293.00	1270.50	0.402 times
31 Tue Dec 2024	1284.40	1260.00	1292.50	1246.05	1.477 times
30 Mon Dec 2024	1257.75	1239.40	1270.55	1231.00	0.775 times
27 Fri Dec 2024	1238.30	1236.05	1244.50	1227.20	0.853 times
26 Thu Dec 2024	1238.95	1253.00	1257.65	1228.60	0.47 times
24 Tue Dec 2024	1248.55	1222.05	1268.00	1222.00	1.414 times
23 Mon Dec 2024	1225.60	1219.80	1233.25	1204.50	0.514 times
20 Fri Dec 2024	1215.30	1258.00	1264.25	1209.95	0.835 times
19 Thu Dec 2024	1259.65	1233.30	1277.60	1217.85	1.599 times
18 Wed Dec 2024	1239.55	1240.80	1250.95	1226.00	0.882 times

My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 1290 as stoploss in an intra day sell trade for a target of 1264.94. However, stock will show a bullish move above 1290.

Share price targets for Mahanagar Gas (MGL)

Target Type	Value
Downside Target	1075.25
Downside Target	1186.20
Downside Target	1256.50
Upside Target	1309.00
Upside Target	1309.50
Upside Target	1390.55
Upside Target	1460.50
Upside Target	1790.05
Upside Target	1958.00
Upside Target	1988.00

Intraday share price targets for Mahanagar Gas (MGL)

Target Type	Value
Downside Intraday Target	1244.5
Downside Intraday Target	1206.75
Upside Intraday Target	1306.5
Upside Intraday Target	1330.75
Downside Intraday Target	1268.75

Weekly technical analysis of Mahanagar Gas (MGL)

Date	Weekly Closing Price	Open	High	Low	Volume
01 Wed Jan 2025	1282.25	1239.40	1293.00	1231.00	0.816 times
27 Fri Dec 2024	1238.30	1219.80	1268.00	1204.50	0.542 times
20 Fri Dec 2024	1215.30	1301.75	1309.50	1209.95	0.908 times
13 Fri Dec 2024	1297.40	1291.20	1304.75	1256.50	0.589 times
06 Fri Dec 2024	1284.45	1205.00	1309.00	1186.20	1.593 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
01 Wed Jan 2025	1282.25	1280.00	1293.00	1270.50	0.014 times
31 Tue Dec 2024	1284.40	1205.00	1309.50	1186.20	0.81 times
29 Fri Nov 2024	1191.75	1448.00	1460.50	1075.25	1.035 times
31 Thu Oct 2024	1441.60	1950.00	1958.00	1390.55	0.979 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 positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the 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 definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

ADX buy sell signal for Mahanagar Gas stock for short term is BUY. Signal strength is Strong and stock is gaining momentum.

MACD generated a BUY signal for Mahanagar Gas in short term but the buy signal is initial and weak.

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 HIGHS, which reflects strong buying momentum in short term! 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 buy signal for Mahanagar Gas in short term and BUY signal is strong.

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

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 1251.87 and Mahanagar Gas (MGL) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is rising upwards.

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 is giving positive 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.