Overall Technical outlook

Price Summary

2025-06-13, saw MGL's stock open at 1341.0, hit a peak of 1352.2, fall to a low of 1307.1, and close higher 0.26% at 1344.5, with 974951 shares changing hands.
In the past year, the highest stock price was 1964.95, and the lowest was 1125.35.
29 analysts predict that the future price of MGL will be in the range of 1030.0 to 2000.0, with a mean expected price of about 1528.931.

Technicals

Support and Resistance: The price for MGL at 1344.5 is supported by the 1336.5 level and faces resistance at 1390.1. This range indicates key levels where the price may find buyers near 1336.5 and sellers near 1390.1, defining a trading range.
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Support/Resistance for MGL


Aroon: The current state of the AROON 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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Aroon chart for Mahanagar Gas Limited


Bol. Bands: The BOLL BANDS 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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Bolinger Bands chart for Mahanagar Gas Limited


Parabolic SAR: The PSAR has recently reversed direction from bullish to bearish, indicating a potential trend change. If supported by other market trends, this could be a very bearish signal. Investors should consider this shift carefully and look for further confirmation before acting.
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Parabolic Stop and Reverse chart for Mahanagar Gas Limited


Stochastic: The current state of the STOCHASTIC is neutral, with no clear trend direction indicated. This lack of directional bias suggests that the market may be in a phase of consolidation or uncertainty.
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Stochastic chart for Mahanagar Gas Limited


Tripple Moving Agerage: The Tripple MOVING AVG is showing a neutral stance, not indicating a clear upward or downward trend for Mahanagar Gas Limited. This suggests a period of market balance, where neither side is showing dominance.
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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.