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MGL NEWS why is Mahanagar Gas price falling or rising

MGL NEWS reasons for why stock price of Mahanagar Gas is falling or rising

MGL Mahanagar Gas is falling or rising technical reasons

Technical analysis forecast for Mahanagar Gas Stock is that its in a downtrend for shortterm, and I will avoid taking a BUY or a LONG trade in this stock. Look for opportunities to sell or SHORT Mahanagar Gas MGL at this time. Stock is falling and might fall more.

It appears as if Mahanagar Gas MGL gave a large move recently.

Stock of Mahanagar Gas (MGL) is trading below an important moving average line, but it crossed this line recently, which means that it could show a small or a large recovery soon enough depending on its trend.

My analysis of Mahanagar Gas is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 1067.8 as stoploss in an intra day buy trade for a target of 1084.57. However, stock will show a bearish move below 1067.8.

MGL Mahanagar Gas is falling or rising NEWS fundamental reasons

Company Announcement - NEWS as on 2026-06-01

Company Announcement Mahanagar Gas Limited has informed the Exchange regarding Appointment of Mr Deepak Gupta as Chairman of the company w.e.f. March 01, 2026. - NEWS as on 2026-05-22

Company Announcement Mahanagar Gas Limited has submitted the Exchange a copy Srutinizers report of Postal Ballot. Further, the company has informed the Exchange regarding voting results. - NEWS as on 2026-05-20

Company Announcement Mahanagar Gas Limited has informed the Exchange about Schedule of meet - NEWS as on 2026-05-19

Company Announcement Mahanagar Gas Limited has informed the Exchange about Transcript - NEWS as on 2026-05-15

Company Announcement Mahanagar Gas Limited has informed the Exchange about Link of Recording - NEWS as on 2026-05-11

More announcements and NEWS

MGL Mahanagar Gas current price & indicator signals

Moving Averages for Mahanagar Gas

  • 5Day Average: 1081.24
  • 12Day Average: 1080.09
  • 20Day Average: 1076.38
  • 50Day Average: 1070.04
  • 100Day Average: 1080.36
  • 150Day Average: 1113.95
  • 200Day Average: 1160.13

MGL Indicators & signals

Indicator MACD (12,26,9)

1082.05, 1085.11, -2.08
Indicator MACD is in negative zone

Indicator ADX (14)

6.95, 18.16, 20.88
Indicator ADX is indicating that momentum is weak.
Momentum is towards selling.

Indicator RSI (14)

Current RSI is: 47
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of MGL Mahanagar Gas are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
08 Mon Jun 2026 1069.70 1065.70 to 1084.90 -1.78% 0.35 times
05 Fri Jun 2026 1089.10 1075.40 to 1107.90 1.37% 1.19 times
04 Thu Jun 2026 1074.40 1062.00 to 1090.80 -0.59% 1.6 times
03 Wed Jun 2026 1080.80 1070.00 to 1094.40 -1.04% 0.42 times
02 Tue Jun 2026 1092.20 1058.70 to 1097.90 1.39% 0.45 times
01 Mon Jun 2026 1077.20 1053.00 to 1107.00 -1.63% 1.69 times
29 Fri May 2026 1095.00 1074.00 to 1121.00 -0.74% 2.24 times
27 Wed May 2026 1103.20 1092.20 to 1105.60 0.66% 0.35 times
26 Tue May 2026 1096.00 1073.70 to 1109.60 1.96% 0.8 times
25 Mon May 2026 1074.90 1057.50 to 1084.50 1.91% 0.71 times
22 Fri May 2026 1054.80 1036.70 to 1062.10 0.09% 0.55 times
21 Thu May 2026 1053.80 1052.00 to 1079.60 -2.03% 0.48 times

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