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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 2025-01-13 View latest technical analysis

10 day averaged volume of Mahanagar Gas is 1017109

Date	Daily Closing Price	Open	High	Low	Volume
13 Mon Jan 2025	1227.65	1278.05	1282.80	1214.60	0.631 times
10 Fri Jan 2025	1286.10	1295.00	1313.45	1240.05	1.827 times
09 Thu Jan 2025	1270.65	1255.00	1320.00	1252.60	2.147 times
08 Wed Jan 2025	1252.55	1236.10	1272.90	1230.45	0.76 times
07 Tue Jan 2025	1244.90	1274.50	1287.05	1227.45	0.85 times
06 Mon Jan 2025	1274.50	1324.95	1324.95	1263.20	0.655 times
03 Fri Jan 2025	1312.85	1291.95	1329.50	1290.00	1.755 times
02 Thu Jan 2025	1296.10	1281.75	1308.90	1281.75	0.723 times
01 Wed Jan 2025	1282.25	1280.00	1293.00	1270.50	0.195 times
31 Tue Dec 2024	1284.40	1260.00	1292.50	1246.05	0.714 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 1233.3, but if it comes above 1233.3, then a intra day buy could be more profitable.
If you take a sell trade below 1233.3, then use 1233.3 as stoploss and 1202.4 as target. However if you take a buy trade in stock , then use 1233.3 as stoploss and 1259.11 as target.

Share price targets for Mahanagar Gas (MGL)

Target Type	Value
Downside Target	1075.25
Downside Target	1186.20
Upside Target	1268.00
Upside Target	1309.50
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	1200.57
Downside Intraday Target	1173.48
Upside Intraday Target	1268.77
Upside Intraday Target	1309.88
Upside Intraday Target	1241.68

Weekly technical analysis of Mahanagar Gas (MGL)

Date	Weekly Closing Price	Open	High	Low	Volume
13 Mon Jan 2025	1227.65	1278.05	1282.80	1214.60	0.101 times
10 Fri Jan 2025	1286.10	1324.95	1324.95	1227.45	1.658 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

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
13 Mon Jan 2025	1227.65	1280.00	1329.50	1214.60	0.673 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 trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

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 SELL. Signal strength is Weak and stock is losing 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 red color and prices are below the red cloud Prices appear to be coming down

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 1277.72 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 positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.