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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 2025-04-23 View latest technical analysis

10 day averaged volume of Mahanagar Gas is 751228

Date	Daily Closing Price	Open	High	Low	Volume
23 Wed Apr 2025	1323.10	1355.00	1359.60	1304.30	0.749 times
22 Tue Apr 2025	1343.50	1300.20	1354.50	1296.60	1.34 times
21 Mon Apr 2025	1293.70	1264.90	1297.60	1255.70	0.665 times
17 Thu Apr 2025	1251.60	1262.00	1262.70	1238.00	0.961 times
16 Wed Apr 2025	1252.40	1249.00	1285.00	1230.50	3.627 times
15 Tue Apr 2025	1315.60	1281.00	1321.50	1281.00	0.328 times
11 Fri Apr 2025	1277.50	1286.00	1286.00	1238.65	0.952 times
09 Wed Apr 2025	1244.70	1310.80	1312.00	1239.75	0.768 times
08 Tue Apr 2025	1311.70	1325.05	1358.85	1290.80	0.484 times
07 Mon Apr 2025	1305.25	1272.00	1315.55	1252.00	0.554 times

My analysis of stock is bearish for shortterm, and stock might move down till 1283.9 or till 1225.2. Use a stoploss of 1332.89 and if the stock hits stoploss, then it can shoot up till 1381.83

Share price targets for Mahanagar Gas (MGL)

Target Type	Value
Downside Target	1186.20
Downside Target	1309.50
Upside Target	1333.00
Upside Target	1358.85
Upside Target	1359.60
Upside Target	1376.30
Upside Target	1385.45
Upside Target	1407.00
Upside Target	1407.40

Intraday share price targets for Mahanagar Gas (MGL)

Target Type	Value
Downside Intraday Target	1266
Downside Intraday Target	1208.9
Upside Intraday Target	1369.9
Upside Intraday Target	1416.7
Downside Intraday Target	1312.8

Weekly technical analysis of Mahanagar Gas (MGL)

Date	Weekly Closing Price	Open	High	Low	Volume
23 Wed Apr 2025	1323.10	1264.90	1359.60	1255.70	0.56 times
17 Thu Apr 2025	1251.60	1281.00	1321.50	1230.50	1.782 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

Price has moved up 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 Wed Apr 2025	1323.10	1377.80	1407.00	1230.50	1.171 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 positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

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 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 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 Weak and stock is gaining momentum.

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

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 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 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 1281.02 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 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.