Overall Technical outlook

Price Summary

Mahanagar Gas Limited's stock began trading at 1121.0 on 2025-12-11, soared to 1131.0, dipped to 1112.3, and finished the day 0.21% up at 1123.4, with 85711 shares exchanged.
In the last 52 weeks, the stock's top price was 1542.7 and the bottom price was 1105.6.
According to 30 analysts, the price of MGL in the future is projected to be between 1095.0 and 1880.0, with an average expected price of 1468.8.

Technicals

Support and Resistance: The price currently sits at 1123.4, finding support at 1105.6 and resistance at 1175.7. These levels define a range for Mahanagar Gas Limited where the price may move, with 1105.6 offering a base and 1175.7 limiting upward momentum.
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Support/Resistance for MGL


Aroon: The AROON 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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Aroon chart for Mahanagar Gas Limited


Bol. Bands: The BOLL BANDS is in a neutral stance, with no clear direction indicated for the market. This lack of clarity suggests that the market may be in a state of equilibrium for MGL, with no strong trend emerging.
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Bolinger Bands chart for Mahanagar Gas Limited


Parabolic SAR: The PSAR remains bearish, reinforcing a resistance level that could restrict any upward movement. This resistance indicates that the market may remain under bearish control, with limited potential for gains.
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Parabolic Stop and Reverse chart for Mahanagar Gas Limited


Stochastic: The stochastic indicator shows the K-line rising above the D-line while staying below 20, often considered the start of a bullish move. This setup suggests that the market may be in the early stages of a recovery, potentially leading to an uptrend for MGL. Traders could view this as an indication of potential gains.
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Stochastic chart for Mahanagar Gas Limited


Tripple Moving Agerage: The alignment of the 20-50-100 period moving averages suggests a bullish trend, but the potential for a reversal is hinted at by the slopes of the shorter-term averages. These faster-moving averages show signs of weakening momentum, indicating that while the overall trend is still upward, a reversal could be approaching.
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Tripple SMA chart for Mahanagar Gas Limited


When evaluating a company's technical indicators like price trends and trading volume, it's important to also assess its fundamentals. Key factors include the company's profitability, growth rate, and financial stability. Furthermore, considering the industry within which the company operates provides additional context, as factors like competition and market demand can affect performance. By combining this analysis, you can make more informed judgments about the company's future prospects.