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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 2026-02-09 View latest technical analysis

10 day averaged volume of Mahanagar Gas is 286806

Date	Daily Closing Price	Open	High	Low	Volume
09 Mon Feb 2026	1181.20	1148.50	1188.90	1145.00	1.954 times
06 Fri Feb 2026	1152.60	1068.00	1165.00	1066.30	4.227 times
05 Thu Feb 2026	1071.50	1072.00	1077.50	1061.10	0.291 times
04 Wed Feb 2026	1077.20	1053.40	1085.00	1046.90	0.422 times
03 Tue Feb 2026	1053.40	1075.00	1075.00	1048.20	0.595 times
02 Mon Feb 2026	1050.20	1044.00	1052.80	1026.10	0.443 times
01 Sun Feb 2026	1046.90	1052.80	1065.00	1039.10	0.19 times
30 Fri Jan 2026	1052.80	1056.00	1064.80	1046.00	0.463 times
29 Thu Jan 2026	1058.60	1048.60	1072.80	1044.80	0.525 times
28 Wed Jan 2026	1043.30	1034.90	1051.00	1029.10	1.054 times

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 1159.6, for a target of 1115 or 1077.75

Share price targets for Mahanagar Gas (MGL)

Target Type	Value
Downside Target	1018.60
Downside Target	1125.10
Downside Target	1152.50
Downside Target	1165.00
Upside Target	1188.90
Upside Target	1192.20
Upside Target	1204.20
Upside Target	1260.00
Upside Target	1286.20
Upside Target	1335.40

Intraday share price targets for Mahanagar Gas (MGL)

Target Type	Value
Downside Intraday Target	1154.5
Downside Intraday Target	1127.8
Upside Intraday Target	1198.4
Upside Intraday Target	1215.6
Downside Intraday Target	1171.7

Weekly technical analysis of Mahanagar Gas (MGL)

Date	Weekly Closing Price	Open	High	Low	Volume
09 Mon Feb 2026	1181.20	1148.50	1188.90	1145.00	0.317 times
06 Fri Feb 2026	1152.60	1052.80	1165.00	1026.10	1.61 times
30 Fri Jan 2026	1052.80	1076.40	1076.40	1018.60	0.833 times
23 Fri Jan 2026	1077.00	1060.00	1125.10	1059.90	1.403 times
16 Fri Jan 2026	1062.60	1053.40	1077.00	1045.60	0.444 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 Feb 2026	1181.20	1052.80	1188.90	1026.10	0.403 times
30 Fri Jan 2026	1052.80	1136.20	1152.50	1018.60	1.271 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

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 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 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 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 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 is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting stronger in this stock.

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 1119.66 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.