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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 2025-04-16 View latest technical analysis

10 day averaged volume of Mahanagar Gas is 386637

Date	Daily Closing Price	Open	High	Low	Volume
16 Wed Apr 2025	1252.40	1249.00	1285.00	1230.50	7.047 times
15 Tue Apr 2025	1315.60	1281.00	1321.50	1281.00	0.638 times
11 Fri Apr 2025	1277.50	1286.00	1286.00	1238.65	1.849 times
09 Wed Apr 2025	1244.70	1310.80	1312.00	1239.75	1.491 times
08 Tue Apr 2025	1311.70	1325.05	1358.85	1290.80	0.941 times
07 Mon Apr 2025	1305.25	1272.00	1315.55	1252.00	1.077 times
04 Fri Apr 2025	1330.90	1385.00	1393.95	1321.05	0.624 times
03 Thu Apr 2025	1396.00	1379.00	1400.00	1370.05	0.824 times
02 Wed Apr 2025	1387.90	1385.80	1390.00	1365.00	0.674 times
01 Tue Apr 2025	1385.80	1377.80	1407.00	1368.05	0.858 times

Stock of Mahanagar Gas (MGL) has showed a significant fall. This could be a good time to exit from this stock.

Although my analysis for stock is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 1240, for a target of 1294.1 or 1339.18

Share price targets for Mahanagar Gas (MGL)

Target Type	Value
Downside Target	1186.20
Upside Target	1283.60
Upside Target	1309.50
Upside Target	1358.85
Upside Target	1376.30
Upside Target	1385.45
Upside Target	1392.95
Upside Target	1407.00
Upside Target	1407.40

Intraday share price targets for Mahanagar Gas (MGL)

Target Type	Value
Downside Intraday Target	1214.77
Downside Intraday Target	1177.13
Upside Intraday Target	1305.77
Upside Intraday Target	1359.13
Upside Intraday Target	1268.13

Weekly technical analysis of Mahanagar Gas (MGL)

Date	Weekly Closing Price	Open	High	Low	Volume
16 Wed Apr 2025	1252.40	1281.00	1321.50	1230.50	1.434 times
11 Fri Apr 2025	1277.50	1272.00	1358.85	1238.65	1.798 times
04 Fri Apr 2025	1330.90	1377.80	1407.00	1321.05	0.63 times
28 Fri Mar 2025	1386.95	1383.00	1407.40	1333.00	0.979 times
21 Fri Mar 2025	1380.00	1288.05	1392.95	1283.60	1.809 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
16 Wed Apr 2025	1252.40	1377.80	1407.00	1230.50	0.807 times
28 Fri Mar 2025	1386.95	1260.00	1407.40	1195.55	1.032 times
28 Fri Feb 2025	1237.50	1345.05	1376.30	1205.75	0.332 times
31 Fri Jan 2025	1379.85	1280.00	1385.45	1214.60	1.552 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 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 mid to longer term time period is neutral. A longer time frame might give a better analysis.

ADX buy sell signal for Mahanagar Gas stock for short term is SELL. Signal strength is Strong and stock is gaining momentum.

MACD generated a SELL signal for Mahanagar Gas in short term and the sell signal is strong.

Mahanagar Gas Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls 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 and SELL 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 1287.42 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 negative.

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