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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 2025-05-29 View latest technical analysis

10 day averaged volume of Mahanagar Gas is 356887

Date	Daily Closing Price	Open	High	Low	Volume
29 Thu May 2025	1382.70	1369.30	1398.90	1355.80	1.901 times
28 Wed May 2025	1357.80	1339.30	1369.30	1331.60	1.064 times
27 Tue May 2025	1334.60	1341.00	1341.60	1318.00	1.123 times
26 Mon May 2025	1341.40	1352.70	1361.80	1336.40	0.55 times
23 Fri May 2025	1348.80	1358.90	1364.10	1345.10	0.533 times
22 Thu May 2025	1353.90	1371.10	1378.00	1342.00	0.804 times
21 Wed May 2025	1382.00	1375.70	1393.20	1364.20	0.745 times
20 Tue May 2025	1372.50	1414.00	1414.60	1362.00	1.366 times
19 Mon May 2025	1404.60	1391.40	1434.20	1388.40	1.41 times
16 Fri May 2025	1391.40	1378.60	1401.80	1368.60	1.422 times

My analysis of stock is bullish for shortterm, and stock might move up till 1397.3 or till 1423.5. Use a stoploss of 1375.51 and if this stock hits its stoploss, then it can fall down till 1353.68

Share price targets for Mahanagar Gas (MGL)

Target Type	Value
Downside Target	1195.55
Downside Target	1281.00
Downside Target	1317.70
Upside Target	1387.20
Upside Target	1398.90
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	1334.17
Downside Intraday Target	1285.63
Upside Intraday Target	1415.07
Upside Intraday Target	1447.43
Downside Intraday Target	1366.53

Weekly technical analysis of Mahanagar Gas (MGL)

Date	Weekly Closing Price	Open	High	Low	Volume
29 Thu May 2025	1382.70	1352.70	1398.90	1318.00	0.955 times
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

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
29 Thu May 2025	1382.70	1346.30	1435.40	1317.70	0.784 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 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 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 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 SELL signal for Mahanagar Gas in short term but the sell signal is initial and weak.

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. Bears are weakening, and bulls 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 and the buying is gaining 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 1372.11 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.