Overall Technical outlook

Price Summary

On 2026-03-02, Mahanagar Gas Limited's stock began at 1185.0, peaked at 1227.0, declined to 1185.0, and ended the day 1.88% up at 1207.3, with 333794 shares traded.
The stock reached its highest price of 1542.7 and its lowest price of 1028.6 during the 52-week period.
Analysts expect the price of MGL to vary between 955.0 and 1880.0, with an average expected price near 1445.6207.

Technicals

Support and Resistance: The current price sits at 1207.3, supported at 1206.8 and capped by resistance at 1237.7. These levels define a range for MGL where the price might stabilize, with 1206.8 as a floor and 1237.7 as a ceiling.
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Support/Resistance for MGL


Aroon: The current state of the AROON is neutral, providing no clear signals for either an upward or downward movement. This indicates that the market may be in a state of equilibrium, with no strong momentum in either direction.
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Aroon chart for Mahanagar Gas Limited


Bol. Bands: The BOLL BANDS is in a neutral stance, not pointing to a clear trend in either direction. This suggests that the market may be lacking strong momentum, making it difficult to predict the next move.
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Bolinger Bands chart for Mahanagar Gas Limited


Parabolic SAR: The PSAR for MGL continues to be bullish, establishing a crucial support level that may help maintain the current upward trend. This level of support suggests that the market is poised to continue its positive trajectory, offering a foundation for further growth.
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Parabolic Stop and Reverse chart for Mahanagar Gas Limited


Stochastic: The K-line has fallen below the D-line on the stochastic indicator while staying above 80, suggesting that a bearish price move might be beginning. This pattern indicates that the market may be losing upward momentum, possibly leading to a reversal. Investors should remain cautious and look for additional bearish confirmation.
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Stochastic chart for Mahanagar Gas Limited


Tripple Moving Agerage: The Tripple MOVING AVG is in a neutral stance, with no clear signals for movement up or down. This neutral position indicates a potential period of consolidation or uncertainty in the market.
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Tripple SMA chart for Mahanagar Gas Limited


To accurately interpret a company's technical data, it is important to first examine its fundamentals. These include financial performance, management quality, and growth prospects. In addition, understanding the dynamics of the industry in which the company operates—such as competition, market trends, and regulatory factors—provides further insights. This combined analysis helps create a fuller picture, allowing for more precise conclusions to be drawn from the company's technical performance and stock behavior.