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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 2025-04-30 View latest technical analysis

10 day averaged volume of Mahanagar Gas is 783340

Date	Daily Closing Price	Open	High	Low	Volume
30 Wed Apr 2025	1346.10	1324.00	1374.00	1307.00	0.976 times
29 Tue Apr 2025	1326.90	1337.50	1355.50	1323.70	0.592 times
28 Mon Apr 2025	1333.70	1282.80	1336.80	1281.00	0.824 times
25 Fri Apr 2025	1279.60	1324.90	1329.00	1266.00	0.619 times
24 Thu Apr 2025	1324.30	1324.90	1342.10	1319.20	0.61 times
23 Wed Apr 2025	1323.10	1355.00	1359.60	1304.30	0.718 times
22 Tue Apr 2025	1343.50	1300.20	1354.50	1296.60	1.285 times
21 Mon Apr 2025	1293.70	1264.90	1297.60	1255.70	0.638 times
17 Thu Apr 2025	1251.60	1262.00	1262.70	1238.00	0.921 times
16 Wed Apr 2025	1252.40	1249.00	1285.00	1230.50	3.478 times

My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 1365.7 as stoploss in an intra day sell trade for a target of 1320.86. However, stock will show a bullish move above 1365.7.

Share price targets for Mahanagar Gas (MGL)

Target Type	Value
Downside Target	1186.20
Downside Target	1281.00
Downside Target	1309.50
Upside Target	1358.85
Upside Target	1359.60
Upside Target	1374.00
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	1293.4
Downside Intraday Target	1240.7
Upside Intraday Target	1386.4
Upside Intraday Target	1426.7
Downside Intraday Target	1333.7

Weekly technical analysis of Mahanagar Gas (MGL)

Date	Weekly Closing Price	Open	High	Low	Volume
30 Wed Apr 2025	1346.10	1282.80	1374.00	1281.00	0.618 times
25 Fri Apr 2025	1279.60	1264.90	1359.60	1255.70	0.821 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

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
30 Wed Apr 2025	1346.10	1377.80	1407.00	1230.50	1.541 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, and volume has increased substantially. This means that the move can 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 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 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 BUY. Signal strength is Weak and stock is gaining momentum.

MACD generated a BUY signal for Mahanagar Gas in short term and the buy signal is strong.

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 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 and selling is picking up 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 1295.23 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.