Mahanagar Gas Technical Analysis

Mahanagar Gas Ltd Technical Analysis

Mahanagar Gas Ltd technical analysis is gaining attention among traders and investors tracking Mahanagar Gas Ltd Technical Analysis trends in the Indian stock market. Mahanagar Gas Ltd (NSE: MGL, BSE: 539957) is currently trading at ₹1122.70, showing a 2.63% move as of Fri, Jul 17, 2026.

This detailed Mahanagar Gas Ltd technical analysis covers support & resistance levels, moving averages, indicators, and overall market sentiment to help investors make informed decisions.

Mahanagar Gas Ltd Stock Overview

Mahanagar Gas Ltd operates in the Utilities sector under the Gas distributors industry. With a market capitalization of ₹10794.93Cr and a PE ratio of 13.20, Mahanagar Gas Ltd remains a key stock to watch in Mahanagar Gas Ltd Technical Analysis searches.

Key Metrics

• Market Cap: ₹10794.93Cr
• PE Ratio: 13.20
• Dividend Yield: 2.75
• Sector: Utilities
• Industry: Gas distributors

These fundamentals play an important role in Mahanagar Gas Ltd technical analysis and valuation tracking.

Mahanagar Gas Ltd Support and Resistance Levels

Classic Pivot Levels

In Mahanagar Gas Ltd technical analysis, pivot levels help identify potential reversal and breakout zones.

• Resistance 3: 1572.70
• Resistance 2: 1364.70
• Resistance 1: 1269.40
• Pivot Point: 1156.70
• Support 1: 1061.40
• Support 2: 948.70
• Support 3: 740.70

Conditional Insight

Mahanagar Gas Ltd technical analysis suggests a bearish to neutral trend as the price is below the pivot point. Immediate support is seen near 1061.40 and 948.70.

Fibonacci Levels Analysis

Fibonacci levels are widely used in Mahanagar Gas Ltd technical analysis to identify retracement zones.

• Fibonacci R3: 1364.70
• Fibonacci R2: 1285.24
• Fibonacci R1: 1236.16
• Fibonacci Pivot: 1156.70
• Fibonacci S1: 1077.24
• Fibonacci S2: 1028.16
• Fibonacci S3: 948.70

Mahanagar Gas Ltd technical analysis indicates consolidation between Fibonacci pivot and resistance zones.

Mahanagar Gas Ltd Moving Average Analysis

Moving averages are key indicators in Mahanagar Gas Ltd technical analysis for identifying trend direction.

• 10 EMA: 1123.18
• 20 EMA: 1130.66
• 30 EMA: 1129.42
• 50 EMA: 1122.09
• 100 EMA: 1118.42
• 200 EMA: 1152.63

Trend Logic

Mahanagar Gas Ltd technical analysis indicates bearish pressure, with price trading below key moving averages.

Long-term trend in Mahanagar Gas Ltd technical analysis remains positive above 200 EMA.

Mahanagar Gas Ltd Technical Indicators Overview

Momentum Indicators

• RSI: 46.21
• MACD: -4.62
• Signal: 2.31
• ADX: 16.52
• Momentum: -30.30

RSI Logic

Mahanagar Gas Ltd technical analysis shows RSI in neutral range, suggesting consolidation.

MACD Logic

Mahanagar Gas Ltd technical analysis indicates bearish momentum with MACD below signal line.

Mahanagar Gas Ltd Overall Recommendation

• Overall Recommendation Score: -0.40
• Moving Average Recommendation: -0.80
• Other Indicators Recommendation: 0

Overall Mahanagar Gas Ltd technical analysis sentiment remains neutral with mixed signals.

Mahanagar Gas Ltd Technical Analysis Conclusion

Mahanagar Gas Ltd technical analysis suggests that traders should closely monitor price action around ₹1122.70 and key pivot level 1156.70. Breakouts above resistance or breakdown below support will define the next trend in Mahanagar Gas Ltd technical analysis.

Investors searching for Mahanagar Gas Ltd Technical Analysis should track moving averages, RSI levels, and volume trends to identify potential entry and exit opportunities. As market conditions change, Mahanagar Gas Ltd technical analysis will continue to play a crucial role in short-term trading and long-term investment strategies.