Overall Technical outlook

Price Summary

The stock of MGL tumbled -3.42% today, reflecting a poor market performance.
Mahanagar Gas Limited's stock opened at 1324.9 on 2025-04-25, surged to 1329.0, dropped to 1266.0, and ended -3.42% down at 1279.6, with 484918 shares traded.
The peak price for the stock in the past 52 weeks is 1964.95, with the lowest price being 1125.35.
As per recommendations from 29 analysts, MGL's future price is expected to span between 1030.0 and 2000.0, with a mean price around 1528.931.

Technicals

Support and Resistance: The price currently sits at 1279.6, finding support at 1225.6 and resistance at 1286.95. These levels define a range for Mahanagar Gas Limited where the price may move, with 1225.6 offering a base and 1286.95 limiting upward momentum.
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Support/Resistance for MGL


Aroon: The AROON 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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Aroon chart for Mahanagar Gas Limited


Bol. Bands: The BOLL BANDS is neutral, showing no definitive signals of a trend either upward or downward. This neutral stance indicates a period of market indecision, where the direction is unclear.
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Bolinger Bands chart for Mahanagar Gas Limited


Parabolic SAR: The PSAR remains bullish, setting a critical support level that may help sustain the market's upward trend. This persistent bullish outlook suggests that the market is likely to continue climbing, with the support level offering a foundation for further growth.
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Parabolic Stop and Reverse chart for Mahanagar Gas Limited


Stochastic: The STOCHASTIC is currently neutral, offering no clear guidance on market direction. This suggests that the market may be in a state of pause, with no strong trend emerging.
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Stochastic chart for Mahanagar Gas Limited


Tripple Moving Agerage: The alignment of the 20, 50, and 100 period moving averages reflects a bearish trend, with their slopes confirming the strength of this momentum. The ongoing downward movement in these averages suggests a strong bearish trend, indicating that the market is likely to remain under pressure. This alignment and the reinforcing slopes point to a continuing bearish trend, with no immediate signs of a reversal.
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Tripple SMA chart for Mahanagar Gas Limited


When assessing a company's technical performance, such as stock price fluctuations and trading volume, it is crucial to first examine its fundamentals. These fundamentals include financial health, profitability, and growth potential. Additionally, understanding the industry's dynamics, including competitive pressures and market trends, is key to contextualizing the company's performance. By integrating these factors, a more comprehensive and meaningful analysis can be conducted, leading to more informed investment decisions.