Overall Technical outlook

Price Summary

Mahanagar Gas Limited's stock opened at 1483.0 on 2025-07-16, surged to 1488.9, hit a low of 1465.2, and closed up -0.28% at 1478.9, with 253085 shares traded.
Over the past year, the stock's highest price was 1964.95, and its lowest was 1125.35.
As per recommendations from 29 analysts, MGL's future price is expected to span between 1020.0 and 1960.0, with a mean price around 1538.7587.

Technicals


Aroon: The AROON 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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Aroon chart for Mahanagar Gas Limited


Bol. Bands: The BOLL BANDS is showing a neutral stance, not indicating a clear upward or downward trend for Mahanagar Gas Limited. This suggests a period of market balance, where neither side is showing dominance.
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Bolinger Bands chart for Mahanagar Gas Limited


Parabolic SAR: The PSAR continues to signal a bearish outlook, establishing a resistance level that could act as a ceiling for upward trends. This resistance suggests that the market may struggle to overcome bearish forces, keeping prices under pressure.
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Parabolic Stop and Reverse chart for Mahanagar Gas Limited


Stochastic: The current state of the STOCHASTIC is neutral, offering no clear signals of movement in either direction. This suggests a potential pause in market activity, with no strong trend emerging at the moment.
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Stochastic chart for Mahanagar Gas Limited


Tripple Moving Agerage: The alignment of the 20, 50, and 100 moving averages suggests a bearish trend, but the wavering slopes of the 20 and 50 SMAs hint at a potential shift. This weakening of momentum could indicate that the bearish trend is running out of steam, possibly leading to a bullish reversal in the near future. Investors should be aware of the possibility of a market turnaround as the current downtrend weakens for Mahanagar Gas Limited.
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Tripple SMA chart for Mahanagar Gas Limited


When evaluating a company, it is crucial to examine its fundamentals, including its financial statements, management structure, and market position. Additionally, understanding the broader industry trends, competition, and regulatory landscape helps to create a well-rounded view. By assessing both the company's internal factors and the external environment in which it operates, you can extract more valuable insights from its technical performance, such as stock price movements and trading patterns.