Overall Technical outlook

Price Summary

2026-02-02, saw MGL's stock open at 1044.0, hit a peak of 1052.8, fall to a low of 1026.1, and close up 0.59% at 1050.2, with 127140 shares changing hands.
The stock's highest value over the last 52 weeks is 1542.7, and the lowest value is 1028.6.
Based on recommendations from 29 analysts, the future price of MGL is expected to range from 955.0 to 1880.0, with an average price expectation around 1445.6207.

Technicals

Support and Resistance: The current price of 1050.2 for MGL finds support at 1028.6 and resistance at 1058.6. These levels define a range in which the price might oscillate, with 1028.6 as a potential support and 1058.6 as a resistance level.
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Support/Resistance for MGL


Aroon: The AROON is showing a neutral reading, with no clear direction indicated for upward or downward movement. This neutral position suggests a possible period of consolidation.
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Aroon chart for Mahanagar Gas Limited


Bol. Bands: The BOLL BANDS 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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Bolinger Bands chart for Mahanagar Gas Limited


Parabolic SAR: The PSAR remains in a bearish mode, establishing a resistance level that could hinder any attempts at upward movement for MGL. This resistance reinforces the bearish sentiment, indicating that the market may continue to face challenges in pushing higher.
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Parabolic Stop and Reverse chart for Mahanagar Gas Limited


Stochastic: The STOCHASTIC is currently in a neutral position for Mahanagar Gas Limited, offering no clear guidance on whether the market is likely to move up or down. This neutral stance suggests that further observation may be necessary before a trend becomes apparent.
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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 slopes of the faster averages hint at a potential reversal. The weakening signals from these shorter-term averages indicate that the current upward momentum may be fading, suggesting that a change in direction could be near.
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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.