Overall Technical outlook

Price Summary

On 2025-08-14, Mahanagar Gas Limited's stock began at 1333.4, peaked at 1344.1, bottomed at 1310.0, and closed -1.48% lower at 1313.7, with a volume of 291240 shares.
During the 52-week span, the stock hit a high of 1964.95 and a low of 1125.35.
According to 29 analysts, the future price is anticipated to vary between 1100.0 and 1981.0, with an average expected price of around 1550.6897.

Technicals

Support and Resistance: The price currently sits at 1313.7, finding support at 1277.4 and resistance at 1336.5. These levels define a range for Mahanagar Gas Limited where the price may move, with 1277.4 offering a base and 1336.5 limiting upward momentum.
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Support/Resistance for MGL


Aroon: The AROON 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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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 remains bullish in its outlook, reinforcing a key support level that could help sustain the market's upward movement for MGL. This support suggests that the bullish momentum is likely to persist, offering a foundation for further growth.
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Parabolic Stop and Reverse chart for Mahanagar Gas Limited


Stochastic: The current state of the STOCHASTIC is neutral for MGL, providing no clear indication of a trend in either direction. This suggests that the market may be lacking momentum, making it difficult to predict future movements.
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Stochastic chart for Mahanagar Gas Limited


Tripple Moving Agerage: The Tripple MOVING AVG 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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Tripple SMA chart for Mahanagar Gas Limited


Before focusing on a company's technical data, such as stock price movements, it's essential to analyze its fundamentals. These include factors like profitability, cash flow, and debt management. Additionally, considering the broader industry landscape—including market trends, competition, and regulatory changes—offers deeper insights. This comprehensive approach allows for a more meaningful interpretation of the company's technical indicators, providing a clearer picture of its financial health and future prospects.