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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 2025-06-09 View latest technical analysis

10 day averaged volume of Mahanagar Gas is 650516

Date	Daily Closing Price	Open	High	Low	Volume
09 Mon Jun 2025	1416.30	1360.00	1422.00	1341.50	4.622 times
06 Fri Jun 2025	1329.60	1311.10	1340.00	1311.10	1.362 times
05 Thu Jun 2025	1307.10	1304.10	1332.20	1295.20	1.95 times
04 Wed Jun 2025	1301.00	1318.10	1319.00	1290.60	0.865 times
03 Tue Jun 2025	1313.60	1331.00	1332.10	1310.10	0.52 times
02 Mon Jun 2025	1319.00	1332.90	1376.40	1315.50	1.386 times
30 Fri May 2025	1325.20	1384.90	1387.50	1320.20	1.373 times
29 Thu May 2025	1382.70	1369.30	1398.90	1355.80	1.043 times
28 Wed May 2025	1357.80	1339.30	1369.30	1331.60	0.584 times
27 Tue May 2025	1334.60	1341.00	1341.60	1318.00	0.616 times

Stock of Mahanagar Gas (MGL) has showed a significant upmove. This could be a good time to enter in this stock!

Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 1429.9, for a target of 1389.9 or 1356.53

Share price targets for Mahanagar Gas (MGL)

Target Type	Value
Downside Target	1195.55
Downside Target	1230.50
Downside Target	1290.60
Downside Target	1317.70
Downside Target	1398.90
Downside Target	1407.00
Downside Target	1407.40
Upside Target	1420.00
Upside Target	1422.00
Upside Target	1434.20
Upside Target	1435.40

Intraday share price targets for Mahanagar Gas (MGL)

Target Type	Value
Downside Intraday Target	1364.53
Downside Intraday Target	1312.77
Upside Intraday Target	1445.03
Upside Intraday Target	1473.77
Downside Intraday Target	1393.27

Weekly technical analysis of Mahanagar Gas (MGL)

Date	Weekly Closing Price	Open	High	Low	Volume
09 Mon Jun 2025	1416.30	1360.00	1422.00	1341.50	0.76 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
16 Fri May 2025	1391.40	1377.10	1420.00	1363.00	0.549 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
09 Mon Jun 2025	1416.30	1332.90	1422.00	1290.60	0.686 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 positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, 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 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 mid to longer term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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 but the buy 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 1355.99 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.