Overall Technical outlook

Price Summary

2025-12-11, saw MGL's stock open at 1121.0, hit a peak of 1131.0, fall to a low of 1112.3, and close higher 0.21% at 1123.4, with 85711 shares changing hands.
The peak price for the stock in the past 52 weeks is 1542.7, with the lowest price being 1105.6.
Analysts' predictions indicate that MGL's future price will be between 1095.0 and 1880.0, with a mean price expectation of approximately 1468.8.

Technicals

Support and Resistance: The price is currently at 1123.4, supported by 1105.6 and resisted by 1175.7. This indicates a range where 1105.6 may provide a base for the price, while 1175.7 serves as a cap on further upward movement for MGL.
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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 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 continues to signal a bearish outlook, setting a significant resistance level. This resistance could limit upward momentum, indicating that the market may struggle to overcome this bearish pressure in the near term.
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Parabolic Stop and Reverse chart for Mahanagar Gas Limited


Stochastic: With the K-line above the D-line and under 20 on the stochastic indicator, a bullish move is likely for MGL. This configuration suggests that the market could be transitioning from a lower level, potentially leading to an upward trend. Investors might consider this an early signal for potential growth.
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Stochastic chart for Mahanagar Gas Limited


Tripple Moving Agerage: The alignment of the 20-50-100 period moving averages supports a bullish trend, yet the slopes of the shorter-term averages suggest a possible weakening. The faster averages indicate that a reversal might be approaching, with the upward momentum potentially losing steam. This could signal an upcoming change in direction.
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Tripple SMA chart for Mahanagar Gas Limited


To derive valuable insights from a company's technical performance, it is essential to first understand its fundamentals. This includes its financial health, business model, and market share. Equally important is the industry context, such as competition, consumer demand, and market trends. By examining these aspects together, investors can gain a more comprehensive view of how the company's stock behaves and whether it's aligned with its underlying value.