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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 2025-05-23 View latest technical analysis

10 day averaged volume of Mahanagar Gas is 394649

Date	Daily Closing Price	Open	High	Low	Volume
23 Fri May 2025	1348.80	1358.90	1364.10	1345.10	0.482 times
22 Thu May 2025	1353.90	1371.10	1378.00	1342.00	0.727 times
21 Wed May 2025	1382.00	1375.70	1393.20	1364.20	0.674 times
20 Tue May 2025	1372.50	1414.00	1414.60	1362.00	1.236 times
19 Mon May 2025	1404.60	1391.40	1434.20	1388.40	1.275 times
16 Fri May 2025	1391.40	1378.60	1401.80	1368.60	1.286 times
15 Thu May 2025	1372.20	1387.00	1388.00	1363.00	0.888 times
14 Wed May 2025	1385.00	1385.00	1410.40	1376.80	0.842 times
13 Tue May 2025	1391.90	1414.30	1420.00	1385.00	0.865 times
12 Mon May 2025	1409.20	1377.10	1412.70	1377.10	0.779 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 1337.7 as stoploss in an intra day buy trade for a target of 1369. However, stock will show a bearish move below 1337.7.

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
Upside Target	1385.45
Upside Target	1387.20
Upside Target	1407.00
Upside Target	1407.40
Upside Target	1420.00
Upside Target	1434.20
Upside Target	1435.40

Intraday share price targets for Mahanagar Gas (MGL)

Target Type	Value
Downside Intraday Target	1315.8
Downside Intraday Target	1282.8
Upside Intraday Target	1408
Upside Intraday Target	1467.2
Upside Intraday Target	1375

Weekly technical analysis of Mahanagar Gas (MGL)

Date	Weekly Closing Price	Open	High	Low	Volume
23 Fri May 2025	1348.80	1391.40	1434.20	1342.00	0.943 times
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

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
23 Fri May 2025	1348.80	1346.30	1435.40	1317.70	0.644 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 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 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 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 SELL. Signal strength is Weak and stock is gaining momentum.

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

Mahanagar Gas Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.

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 BUY signal in short term and the buying is gaining momentum.

MRSI is in positive zone. This is a BUY 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 1383.8 and Mahanagar Gas (MGL) stock is trading below this level. This means that stock is falling with high volumes. 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.