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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 2025-01-21 View latest technical analysis

10 day averaged volume of Mahanagar Gas is 978591

Date	Daily Closing Price	Open	High	Low	Volume
21 Tue Jan 2025	1277.55	1310.00	1323.45	1272.90	0.374 times
20 Mon Jan 2025	1307.10	1329.45	1329.45	1288.00	0.382 times
17 Fri Jan 2025	1321.60	1298.95	1332.80	1285.80	0.778 times
16 Thu Jan 2025	1294.50	1309.90	1325.00	1285.65	0.539 times
15 Wed Jan 2025	1291.25	1279.00	1311.55	1273.35	0.573 times
14 Tue Jan 2025	1269.65	1262.25	1297.60	1258.45	1.269 times
13 Mon Jan 2025	1227.65	1278.05	1282.80	1214.60	0.656 times
10 Fri Jan 2025	1286.10	1295.00	1313.45	1240.05	1.899 times
09 Thu Jan 2025	1270.65	1255.00	1320.00	1252.60	2.231 times
08 Wed Jan 2025	1252.55	1236.10	1272.90	1230.45	0.79 times

My analysis of stock is bullish for shortterm, and stock might move up till 1299.7 or till 1330.6. Use a stoploss of 1273.86 and if this stock hits its stoploss, then it can fall down till 1248.06

Share price targets for Mahanagar Gas (MGL)

Target Type	Value
Downside Target	1075.25
Downside Target	1186.20
Downside Target	1268.00
Upside Target	1309.50
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	1257.15
Downside Intraday Target	1236.75
Upside Intraday Target	1313.7
Upside Intraday Target	1349.85
Upside Intraday Target	1293.3

Weekly technical analysis of Mahanagar Gas (MGL)

Date	Weekly Closing Price	Open	High	Low	Volume
21 Tue Jan 2025	1277.55	1329.45	1329.45	1272.90	0.198 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
21 Tue Jan 2025	1277.55	1280.00	1332.80	1214.60	0.938 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 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 neutral. A longer time frame might give a better analysis.

Price action analysis of Mahanagar Gas ( (MGL) ) based on a mid to longer 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.

ADX buy sell signal for Mahanagar Gas stock for short term is BUY. 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 is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears are picking up momentum.

Ichimoku cloud is of green color and prices are in or below 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 and selling is picking up 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 1277.64 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 negative.

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