Overall Technical outlook

Price Summary

Mahanagar Gas Limited's stock started the year at 1092.2, climbed to a high of 1094.4, fell to 1070.0, and closed -1.04% down at 1080.8, with 106791 shares traded on 2026-06-03.
Throughout the 52-week period, the stock hit a high of 1542.7 and a low of 908.4.

Technicals

Support and Resistance: The price currently sits at 1080.8, finding support at 1058.6 and resistance at 1105.6. These levels define a range for Mahanagar Gas Limited where the price may move, with 1058.6 offering a base and 1105.6 limiting upward momentum.
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Support/Resistance for MGL


Aroon: The AROON is showing a neutral stance, with no definitive indication of an upward or downward trend for MGL. This neutral position suggests a period of indecision in the market, making it difficult to predict the next move.
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Aroon chart for Mahanagar Gas Limited


Bol. Bands: The BOLL BANDS is currently neutral, showing no clear bias toward a rising or falling trend. This lack of directional clarity suggests that the market may be in a holding pattern, awaiting further developments.
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Bolinger Bands chart for Mahanagar Gas Limited


Parabolic SAR: The PSAR for MGL maintains a bullish outlook, establishing a crucial support level that may help maintain the current upward momentum. This strong support suggests that the market is poised to continue its upward trend, providing confidence in the ongoing bullish sentiment.
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Parabolic Stop and Reverse chart for Mahanagar Gas Limited


Stochastic: The current state of the STOCHASTIC is neutral, with no clear trend direction indicated. This lack of directional bias suggests that the market may be in a phase of consolidation or uncertainty.
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Stochastic chart for Mahanagar Gas Limited


Tripple Moving Agerage: The Tripple MOVING AVG is showing a neutral stance, with no definitive indication of an upward or downward trend for MGL. This neutral position suggests a period of indecision in the market, making it difficult to predict the next move.
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Tripple SMA chart for Mahanagar Gas Limited


Before diving into the technical aspects of a company, such as stock price charts or volume trends, it's important to understand its fundamentals. These fundamentals include financial stability, growth potential, and strategic positioning. Additionally, knowing the broader industry landscape, including competitive pressures and regulatory factors, offers deeper insights. When this fundamental analysis is combined with technical indicators, it leads to more informed, accurate evaluations of the company's overall performance.