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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 2025-05-16 View latest technical analysis

10 day averaged volume of Mahanagar Gas is 536749

Date	Daily Closing Price	Open	High	Low	Volume
16 Fri May 2025	1391.40	1378.60	1401.80	1368.60	0.946 times
15 Thu May 2025	1372.20	1387.00	1388.00	1363.00	0.653 times
14 Wed May 2025	1385.00	1385.00	1410.40	1376.80	0.619 times
13 Tue May 2025	1391.90	1414.30	1420.00	1385.00	0.636 times
12 Mon May 2025	1409.20	1377.10	1412.70	1377.10	0.572 times
09 Fri May 2025	1362.50	1328.00	1370.60	1328.00	1.05 times
08 Thu May 2025	1368.90	1434.00	1435.40	1360.00	1.208 times
07 Wed May 2025	1409.90	1339.00	1423.40	1317.70	1.661 times
06 Tue May 2025	1376.90	1410.00	1421.80	1370.00	1.248 times
05 Mon May 2025	1404.50	1362.10	1414.40	1362.00	1.079 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 1395.4 as stoploss in an intra day sell trade for a target of 1352.72. However, stock will show a bullish move above 1395.4.

Share price targets for Mahanagar Gas (MGL)

Target Type	Value
Downside Target	1195.55
Downside Target	1255.70
Downside Target	1281.00
Downside Target	1317.70
Downside Target	1359.60
Downside Target	1385.45
Downside Target	1387.20
Upside Target	1407.00
Upside Target	1407.40
Upside Target	1420.00
Upside Target	1435.40

Intraday share price targets for Mahanagar Gas (MGL)

Target Type	Value
Downside Intraday Target	1362.93
Downside Intraday Target	1334.47
Upside Intraday Target	1419.93
Upside Intraday Target	1448.47
Upside Intraday Target	1391.47

Weekly technical analysis of Mahanagar Gas (MGL)

Date	Weekly Closing Price	Open	High	Low	Volume
16 Fri May 2025	1391.40	1377.10	1420.00	1363.00	0.549 times
09 Fri May 2025	1362.50	1362.10	1435.40	1317.70	1.311 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

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
16 Fri May 2025	1391.40	1346.30	1435.40	1317.70	0.497 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 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 term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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 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 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 tired and bears are picking up momentum.

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 BUY signal in short term but buying 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 1387.6 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.