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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 2025-01-20 View latest technical analysis

10 day averaged volume of Mahanagar Gas is 1007813

Date	Daily Closing Price	Open	High	Low	Volume
20 Mon Jan 2025	1307.10	1329.45	1329.45	1288.00	0.371 times
17 Fri Jan 2025	1321.60	1298.95	1332.80	1285.80	0.755 times
16 Thu Jan 2025	1294.50	1309.90	1325.00	1285.65	0.523 times
15 Wed Jan 2025	1291.25	1279.00	1311.55	1273.35	0.557 times
14 Tue Jan 2025	1269.65	1262.25	1297.60	1258.45	1.232 times
13 Mon Jan 2025	1227.65	1278.05	1282.80	1214.60	0.637 times
10 Fri Jan 2025	1286.10	1295.00	1313.45	1240.05	1.844 times
09 Thu Jan 2025	1270.65	1255.00	1320.00	1252.60	2.166 times
08 Wed Jan 2025	1252.55	1236.10	1272.90	1230.45	0.767 times
07 Tue Jan 2025	1244.90	1274.50	1287.05	1227.45	0.858 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 1299.1, but if it comes below 1299.1, then a intra day sell could be more profitable.
If you take a sell trade below 1299.1, then use 1299.1 as stoploss and 1271.26 as target. However if you take a buy trade in stock , then use 1299.1 as stoploss and 1332.5 as target.

Share price targets for Mahanagar Gas (MGL)

Target Type	Value
Downside Target	1075.25
Downside Target	1186.20
Downside Target	1268.00
Upside Target	1329.50
Upside Target	1332.80
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	1286.92
Downside Intraday Target	1266.73
Upside Intraday Target	1328.37
Upside Intraday Target	1349.63
Upside Intraday Target	1308.18

Weekly technical analysis of Mahanagar Gas (MGL)

Date	Weekly Closing Price	Open	High	Low	Volume
20 Mon Jan 2025	1307.10	1329.45	1329.45	1288.00	0.1 times
17 Fri Jan 2025	1321.60	1278.05	1332.80	1214.60	0.588 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

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
20 Mon Jan 2025	1307.10	1280.00	1332.80	1214.60	0.913 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 up 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 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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

ADX buy sell signal for Mahanagar Gas stock for short term is BUY. Signal strength is Strong and stock is losing 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 green color and prices are above the green cloud Prices appear to be coming down

CCI has generated a SELL signal for Mahanagar Gas in short term but SELL signal is weak.

RSI is generating a SELL signal in short term but selling is losing momentum.

MRSI is in positive zone. This is a BUY 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 1274.75 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.