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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 2025-01-08 View latest technical analysis

10 day averaged volume of Mahanagar Gas is 670340

Date	Daily Closing Price	Open	High	Low	Volume
08 Wed Jan 2025	1252.55	1236.10	1272.90	1230.45	1.154 times
07 Tue Jan 2025	1244.90	1274.50	1287.05	1227.45	1.29 times
06 Mon Jan 2025	1274.50	1324.95	1324.95	1263.20	0.993 times
03 Fri Jan 2025	1312.85	1291.95	1329.50	1290.00	2.663 times
02 Thu Jan 2025	1296.10	1281.75	1308.90	1281.75	1.096 times
01 Wed Jan 2025	1282.25	1280.00	1293.00	1270.50	0.295 times
31 Tue Dec 2024	1284.40	1260.00	1292.50	1246.05	1.084 times
30 Mon Dec 2024	1257.75	1239.40	1270.55	1231.00	0.569 times
27 Fri Dec 2024	1238.30	1236.05	1244.50	1227.20	0.626 times
26 Thu Dec 2024	1238.95	1253.00	1257.65	1228.60	0.345 times

My analysis of stock is bearish for shortterm, and stock might move down till 1236.7 or till 1204.4. Use a stoploss of 1263.72 and if the stock hits stoploss, then it can shoot up till 1290.7

Share price targets for Mahanagar Gas (MGL)

Target Type	Value
Downside Target	1075.25
Downside Target	1186.20
Upside Target	1256.50
Upside Target	1304.75
Upside Target	1324.95
Upside Target	1329.50
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	1211.68
Downside Intraday Target	1170.82
Upside Intraday Target	1309.18
Upside Intraday Target	1365.82
Upside Intraday Target	1268.32

Weekly technical analysis of Mahanagar Gas (MGL)

Date	Weekly Closing Price	Open	High	Low	Volume
08 Wed Jan 2025	1252.55	1324.95	1324.95	1227.45	0.602 times
03 Fri Jan 2025	1312.85	1239.40	1329.50	1231.00	2.391 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

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 Wed Jan 2025	1252.55	1280.00	1329.50	1227.45	0.348 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 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 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 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 SELL. Signal strength is Weak and stock is gaining momentum.

MACD generated a BUY signal for Mahanagar Gas in short term but the buy 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 moving up

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 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 1277.55 and Mahanagar Gas (MGL) stock is trading below this level. This means that stock is falling with high volumes. 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.