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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 2026-01-06 View latest technical analysis

10 day averaged volume of Mahanagar Gas is 169249

Date	Daily Closing Price	Open	High	Low	Volume
06 Tue Jan 2026	1074.40	1122.00	1124.20	1070.10	4.634 times
05 Mon Jan 2026	1121.00	1151.00	1151.90	1119.00	1.449 times
02 Fri Jan 2026	1142.00	1129.00	1152.50	1123.00	1.293 times
01 Thu Jan 2026	1128.10	1136.20	1142.10	1123.40	0.536 times
31 Wed Dec 2025	1136.10	1116.00	1142.40	1115.10	1.164 times
30 Tue Dec 2025	1111.30	1117.10	1134.00	1107.00	1.311 times
29 Mon Dec 2025	1121.80	1137.50	1138.70	1114.20	0.798 times
26 Fri Dec 2025	1136.60	1136.90	1142.80	1126.10	0.639 times
24 Wed Dec 2025	1130.10	1145.20	1149.90	1128.00	0.677 times
23 Tue Dec 2025	1145.20	1169.80	1169.80	1136.20	1.086 times

Stock of Mahanagar Gas (MGL) has showed a significant fall. This could be a good time to exit from this stock.

Although my analysis for stock is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 1087.7, for a target of 1108.6 or 1125.92

Share price targets for Mahanagar Gas (MGL)

Target Type	Value
Downside Target	1070.10
Upside Target	1092.30
Upside Target	1151.90
Upside Target	1180.00
Upside Target	1192.20
Upside Target	1204.20
Upside Target	1234.00
Upside Target	1260.00
Upside Target	1286.20
Upside Target	1335.40
Upside Target	1378.00

Intraday share price targets for Mahanagar Gas (MGL)

Target Type	Value
Downside Intraday Target	1045.7
Downside Intraday Target	1017
Upside Intraday Target	1127.5
Upside Intraday Target	1180.6
Upside Intraday Target	1098.8

Weekly technical analysis of Mahanagar Gas (MGL)

Date	Weekly Closing Price	Open	High	Low	Volume
06 Tue Jan 2026	1074.40	1151.00	1151.90	1070.10	1.192 times
02 Fri Jan 2026	1142.00	1137.50	1152.50	1107.00	1.479 times
26 Fri Dec 2025	1136.60	1160.00	1180.00	1126.10	0.339 times
19 Fri Dec 2025	1151.00	1123.20	1159.40	1105.90	1.64 times
13 Sat Dec 2025	1123.20	1170.00	1170.00	1092.30	1.63 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
06 Tue Jan 2026	1074.40	1136.20	1152.50	1070.10	0.294 times
31 Wed Dec 2025	1136.10	1202.40	1204.20	1092.30	0.993 times
28 Fri Nov 2025	1200.20	1271.00	1286.20	1192.20	0.855 times
31 Fri Oct 2025	1276.90	1305.00	1335.40	1260.00	0.844 times

Scroll below to view daily charts

Price has moved down 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 trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

Price action analysis of Mahanagar Gas ( (MGL) ) based on a short to mid term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

Price action analysis of Mahanagar Gas ( (MGL) ) based on a mid to longer 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.

ADX buy sell signal for Mahanagar Gas stock for short term is SELL. Signal strength is Strong and stock is gaining momentum.

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

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 red color and prices are below the red 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 SELL signal in short term and selling is picking up 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 1110.91 and Mahanagar Gas (MGL) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down

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 negative.

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