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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 2025-06-16 View latest technical analysis

10 day averaged volume of Mahanagar Gas is 992206

Date	Daily Closing Price	Open	High	Low	Volume
16 Mon Jun 2025	1389.70	1348.90	1391.80	1348.20	1.049 times
13 Fri Jun 2025	1344.50	1341.00	1352.20	1307.10	0.983 times
12 Thu Jun 2025	1370.50	1414.90	1420.00	1367.10	0.556 times
11 Wed Jun 2025	1410.50	1400.00	1426.00	1393.20	0.693 times
10 Tue Jun 2025	1393.80	1426.00	1427.00	1383.60	0.749 times
09 Mon Jun 2025	1416.30	1360.00	1422.00	1341.50	3.03 times
06 Fri Jun 2025	1329.60	1311.10	1340.00	1311.10	0.893 times
05 Thu Jun 2025	1307.10	1304.10	1332.20	1295.20	1.279 times
04 Wed Jun 2025	1301.00	1318.10	1319.00	1290.60	0.567 times
03 Tue Jun 2025	1313.60	1331.00	1332.10	1310.10	0.341 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 1388, but if it comes below 1388, then a intra day sell could be more profitable.
If you take a sell trade below 1388, then use 1388 as stoploss and 1354.73 as target. However if you take a buy trade in stock , then use 1388 as stoploss and 1427.9 as target.

Share price targets for Mahanagar Gas (MGL)

Target Type	Value
Downside Target	1195.55
Downside Target	1230.50
Downside Target	1290.60
Downside Target	1376.30
Upside Target	1391.80
Upside Target	1398.90
Upside Target	1407.00
Upside Target	1407.40
Upside Target	1427.00
Upside Target	1434.20
Upside Target	1435.40

Intraday share price targets for Mahanagar Gas (MGL)

Target Type	Value
Downside Intraday Target	1361.33
Downside Intraday Target	1332.97
Upside Intraday Target	1404.93
Upside Intraday Target	1420.17
Downside Intraday Target	1376.57

Weekly technical analysis of Mahanagar Gas (MGL)

Date	Weekly Closing Price	Open	High	Low	Volume
16 Mon Jun 2025	1389.70	1348.90	1391.80	1348.20	0.174 times
13 Fri Jun 2025	1344.50	1360.00	1427.00	1307.10	1.507 times
06 Fri Jun 2025	1329.60	1332.90	1376.40	1290.60	1.553 times
30 Fri May 2025	1325.20	1352.70	1398.90	1318.00	1.47 times
23 Fri May 2025	1348.80	1391.40	1434.20	1342.00	0.943 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 Mon Jun 2025	1389.70	1332.90	1427.00	1290.60	1.079 times
30 Fri May 2025	1325.20	1346.30	1435.40	1317.70	0.859 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

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 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 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 losing 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 and the buying is gaining momentum.

MRSI is in negative zone. This is the SELL 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 1370.71 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 negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.