Daily Technical Analysis Weekly Analysis Monthly Analysis Renko chart MACD chart Bollinger Bands chart Stochastics charts Force Index charts

(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 2025-01-09 View latest technical analysis

10 day averaged volume of Mahanagar Gas is 678119

Date	Daily Closing Price	Open	High	Low	Volume
09 Thu Jan 2025	1270.65	1255.00	1320.00	1252.60	3.22 times
08 Wed Jan 2025	1252.55	1236.10	1272.90	1230.45	1.141 times
07 Tue Jan 2025	1244.90	1274.50	1287.05	1227.45	1.275 times
06 Mon Jan 2025	1274.50	1324.95	1324.95	1263.20	0.982 times
03 Fri Jan 2025	1312.85	1291.95	1329.50	1290.00	2.632 times
02 Thu Jan 2025	1296.10	1281.75	1308.90	1281.75	1.084 times
01 Wed Jan 2025	1282.25	1280.00	1293.00	1270.50	0.292 times
31 Tue Dec 2024	1284.40	1260.00	1292.50	1246.05	1.072 times
30 Mon Dec 2024	1257.75	1239.40	1270.55	1231.00	0.563 times
27 Fri Dec 2024	1238.30	1236.05	1244.50	1227.20	0.619 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 bullish for shortterm, and stock might move up till 1288 or till 1318.8. Use a stoploss of 1262.24 and if this stock hits its stoploss, then it can fall down till 1236.51

Share price targets for Mahanagar Gas (MGL)

Target Type	Value
Downside Target	1075.25
Downside Target	1186.20
Downside 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	1223.75
Downside Intraday Target	1176.85
Upside Intraday Target	1321.25
Upside Intraday Target	1371.85
Upside Intraday Target	1274.35

Weekly technical analysis of Mahanagar Gas (MGL)

Date	Weekly Closing Price	Open	High	Low	Volume
09 Thu Jan 2025	1270.65	1324.95	1324.95	1227.45	1.173 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
09 Thu Jan 2025	1270.65	1280.00	1329.50	1227.45	0.5 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 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 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 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 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 and BUY 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 1276.85 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 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.