Overall Technical outlook

Price Summary

Mahanagar Gas Limited's stock opened at 1135.95 on 2026-04-30, surged to 1143.8, hit a low of 1116.95, and closed up -0.03% at 1135.65, with 166301 shares traded.
The top price for the stock in the last 52 weeks is 1542.7, with the bottom price being 908.4.
According to 29 analysts, the future price is anticipated to vary between 900.0 and 1880.0, with an average expected price of around 1349.1724.

Technicals

Support and Resistance: The price of 1135.65 is supported at 1105.6 and encounters resistance at 1175.7. This suggests key levels where the price might find stability, with 1105.6 providing a base and 1175.7 acting as an upper boundary for MGL.
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Support/Resistance for MGL


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 current state of the BOLL BANDS 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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Bolinger Bands chart for Mahanagar Gas Limited


Parabolic SAR: The PSAR has moved from a bullish to a bearish position, suggesting a possible trend reversal. If this shift is confirmed by other indicators, it could be a strong bearish signal. Traders should watch for additional signs of a broader market downturn before making any decisions for MGL.
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Parabolic Stop and Reverse chart for Mahanagar Gas Limited


Stochastic: The STOCHASTIC is currently neutral, showing no clear bias toward an upward or downward trend. This suggests that the market may be in a phase of indecision or consolidation.
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Stochastic chart for Mahanagar Gas Limited


Tripple Moving Agerage: The Tripple MOVING AVG is in a neutral stance for MGL, not indicating a clear upward or downward trend. This suggests a period of market indecision, where neither bulls nor bears have the upper hand.
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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.