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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 2025-01-23 View latest technical analysis

10 day averaged volume of Mahanagar Gas is 879689

Date	Daily Closing Price	Open	High	Low	Volume
23 Thu Jan 2025	1312.90	1282.95	1315.50	1264.05	0.411 times
22 Wed Jan 2025	1280.20	1284.30	1287.55	1254.25	0.322 times
21 Tue Jan 2025	1277.55	1310.00	1323.45	1272.90	0.416 times
20 Mon Jan 2025	1307.10	1329.45	1329.45	1288.00	0.425 times
17 Fri Jan 2025	1321.60	1298.95	1332.80	1285.80	0.865 times
16 Thu Jan 2025	1294.50	1309.90	1325.00	1285.65	0.599 times
15 Wed Jan 2025	1291.25	1279.00	1311.55	1273.35	0.638 times
14 Tue Jan 2025	1269.65	1262.25	1297.60	1258.45	1.411 times
13 Mon Jan 2025	1227.65	1278.05	1282.80	1214.60	0.73 times
10 Fri Jan 2025	1286.10	1295.00	1313.45	1240.05	2.112 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 1304.1, but if it comes below 1304.1, then a intra day sell could be more profitable.
If you take a sell trade below 1304.1, then use 1304.1 as stoploss and 1279.14 as target. However if you take a buy trade in stock , then use 1304.1 as stoploss and 1334.1 as target.

Share price targets for Mahanagar Gas (MGL)

Target Type	Value
Downside Target	1075.25
Downside Target	1186.20
Downside 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	1268.28
Downside Intraday Target	1223.67
Upside Intraday Target	1343.48
Upside Intraday Target	1374.07
Downside Intraday Target	1298.87

Weekly technical analysis of Mahanagar Gas (MGL)

Date	Weekly Closing Price	Open	High	Low	Volume
23 Thu Jan 2025	1312.90	1329.45	1329.45	1254.25	0.371 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
23 Thu Jan 2025	1312.90	1280.00	1332.80	1214.60	0.983 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 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 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 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 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 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.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

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. Bulls are getting stronger in this stock.

Ichimoku cloud is of green color and prices are above 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 but selling is losing 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 1284.54 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.