Daily Technical Analysis Weekly Analysis Monthly Analysis Renko chart MACD chart Bollinger Bands chart Stochastics charts Force Index charts

(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 2025-05-06 View latest technical analysis

10 day averaged volume of Mahanagar Gas is 616731

Date	Daily Closing Price	Open	High	Low	Volume
06 Tue May 2025	1376.90	1410.00	1421.80	1370.00	1.086 times
05 Mon May 2025	1404.50	1362.10	1414.40	1362.00	0.939 times
02 Fri May 2025	1359.50	1346.30	1387.20	1346.30	1.108 times
30 Wed Apr 2025	1346.10	1324.00	1374.00	1307.00	1.239 times
29 Tue Apr 2025	1326.90	1337.50	1355.50	1323.70	0.752 times
28 Mon Apr 2025	1333.70	1282.80	1336.80	1281.00	1.047 times
25 Fri Apr 2025	1279.60	1324.90	1329.00	1266.00	0.786 times
24 Thu Apr 2025	1324.30	1324.90	1342.10	1319.20	0.775 times
23 Wed Apr 2025	1323.10	1355.00	1359.60	1304.30	0.912 times
22 Tue Apr 2025	1343.50	1300.20	1354.50	1296.60	1.632 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 1363.8, but if it comes below 1363.8, then a intra day sell could be more profitable.
If you take a sell trade below 1363.8, then use 1363.8 as stoploss and 1319.87 as target. However if you take a buy trade in stock , then use 1363.8 as stoploss and 1416.6 as target.

Share price targets for Mahanagar Gas (MGL)

Target Type	Value
Downside Target	1195.55
Downside Target	1281.00
Downside Target	1321.50
Downside Target	1362.00
Downside Target	1376.30
Upside Target	1385.45
Upside Target	1387.20
Upside Target	1407.00
Upside Target	1407.40
Upside Target	1421.80

Intraday share price targets for Mahanagar Gas (MGL)

Target Type	Value
Downside Intraday Target	1352
Downside Intraday Target	1327.1
Upside Intraday Target	1411.8
Upside Intraday Target	1446.7
Upside Intraday Target	1386.9

Weekly technical analysis of Mahanagar Gas (MGL)

Date	Weekly Closing Price	Open	High	Low	Volume
06 Tue May 2025	1376.90	1362.10	1421.80	1362.00	0.488 times
02 Fri May 2025	1359.50	1282.80	1387.20	1281.00	0.843 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

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
06 Tue May 2025	1376.90	1346.30	1421.80	1346.30	0.163 times
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

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 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 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 mid to longer 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.

ADX buy sell signal for Mahanagar Gas stock for short term is BUY. Signal strength is Strong 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 tired and bears are picking up momentum.

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 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 1344.28 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.