Overall Technical outlook

Price Summary

Mahanagar Gas Limited's stock opened at 1174.1 on 2026-07-01, surged to 1187.1, hit a low of 1150.1, and closed up -1.03% at 1162.0, with 185047 shares traded.
The stock's peak price over the last 52 weeks is 1542.7, with the lowest being 908.4.

Technicals

Support and Resistance: The price of 1162.0 is supported at 1105.1 and capped by resistance at 1180.2. These levels mark key points for Mahanagar Gas Limited where the price could find stability, with 1105.1 as a floor and 1180.2 as a ceiling.
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Support/Resistance for MGL


Aroon: The AROON is in a neutral stance, with no clear signals for movement up or down. This neutral position indicates a potential period of consolidation or uncertainty in the market.
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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 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 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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Stochastic chart for Mahanagar Gas Limited


Tripple Moving Agerage: The 20, 50, and 100 moving averages for MGL are aligned in a bearish pattern, suggesting a downtrend. However, the wavering slopes of the 20 and 50 SMAs indicate that the bearish momentum may be losing strength. This could be a sign that a bullish reversal is on the horizon, as the market's current downward trajectory begins to falter, potentially paving the way for a new uptrend.
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Tripple SMA chart for Mahanagar Gas Limited


To accurately interpret a company's technical data, it is important to first examine its fundamentals. These include financial performance, management quality, and growth prospects. In addition, understanding the dynamics of the industry in which the company operates—such as competition, market trends, and regulatory factors—provides further insights. This combined analysis helps create a fuller picture, allowing for more precise conclusions to be drawn from the company's technical performance and stock behavior.