Overall Technical outlook

Price Summary

On 2025-09-04, Mahanagar Gas Limited's stock opened at 1300.3, peaked at 1334.4, hit a low of 1280.3, and closed -0.98% down at 1287.6, with 631436 shares changing hands.
The stock's highest value over the last 52 weeks is 1964.95, and the lowest value is 1125.35.
The price projection is between 1100.0 and 1981.0, with an average expected price around 1550.6897, according to 29 analysts.

Technicals

Support and Resistance: With the current price at 1287.6, support is found at 1287.9 and resistance at 1287.9. These levels indicate where buyers might step in at 1287.9, while sellers could limit gains at 1287.9, defining a trading boundary for Mahanagar Gas Limited.
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Support/Resistance for MGL


Aroon: The AROON 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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Aroon chart for Mahanagar Gas Limited


Bol. Bands: The current reading of the BOLL BANDS is neutral, offering no clear signals for a movement in either direction. This suggests that the market may be in a holding pattern, with no dominant trend in place.
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Bolinger Bands chart for Mahanagar Gas Limited


Parabolic SAR: The PSAR remains bearish for Mahanagar Gas Limited, establishing a crucial resistance level that could hinder any bullish attempts. This ongoing bearish outlook suggests that the market may continue to face resistance, making it difficult for prices to rise.
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Parabolic Stop and Reverse chart for Mahanagar Gas Limited


Stochastic: The STOCHASTIC is currently in a neutral position, offering no clear indication of movement up or down. This suggests that the market may be experiencing a period of equilibrium, with no strong trend in play.
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Stochastic chart for Mahanagar Gas Limited


Tripple Moving Agerage: The current reading of the Tripple MOVING AVG indicator suggests a neutral stance, with no clear signals indicating an upward or downward direction. This lack of directional bias suggests the market may be in a period of consolidation or uncertainty.
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Tripple SMA chart for Mahanagar Gas Limited


To make the most of a company's technical analysis, it's important to start with an understanding of its fundamentals. These include profitability, cash flow, and competitive positioning. Additionally, the industry in which the company operates plays a critical role, as trends and external factors can influence its market performance. By considering both the company's internal fundamentals and the external industry environment, more meaningful and accurate conclusions can be drawn from the technical data.