Overall Technical outlook

Price Summary

On 2025-10-17, Mahanagar Gas Limited's stock began at 1306.5, climbed to 1306.5, dropped to 1280.0, and had -1.85% to end at 1282.3, with a volume of 247834 shares.
During the 52-week span, the stock hit a high of 1582.25 and a low of 1125.35.
As per recommendations from 29 analysts, MGL's future price is expected to span between 1100.0 and 1981.0, with a mean price around 1550.6897.

Technicals

Support and Resistance: The current price of 1282.3 for MGL is supported at 1251.8 and faces resistance at 1291.2. These levels indicate that 1251.8 could act as a floor, while 1291.2 might limit any further price increases.
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Support/Resistance for MGL


Aroon: The current reading of the AROON is neutral for MGL, with no clear signals for an upward or downward trend. This indicates that the market may be in a state of uncertainty, with no dominant force driving the direction.
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Aroon chart for Mahanagar Gas Limited


Bol. Bands: The current state of the BOLL BANDS is neutral, providing no clear signals for either an upward or downward movement. This indicates that the market may be in a state of equilibrium, with no strong momentum in either direction.
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Bolinger Bands chart for Mahanagar Gas Limited


Parabolic SAR: The PSAR remains bullish, reinforcing a significant support level. This steady support suggests that the market's upward trend may continue, providing a solid foundation for potential gains for MGL. Investors might see this as an opportunity to capitalize on the ongoing bullish sentiment.
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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 current state of the Tripple MOVING AVG 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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Tripple SMA chart for Mahanagar Gas Limited


A thorough analysis of a company involves looking beyond its stock price movements and trading patterns. You must also examine its fundamentals, which include profitability, growth prospects, and competitive advantages. Additionally, the industry in which the company operates provides important context, as factors like technological innovations, regulation, and market demand influence performance. By integrating this information with technical analysis, more accurate predictions about the company's future can be made.