Is Mahanagar Gas technically bullish or bearish?

As of 26 September 2025, the technical trend for Mahanagar Gas has changed from mildly bearish to bearish. The current stance is bearish with a moderate strength. Key indicators driving this assessment include a bearish MACD on the weekly chart, bearish Bollinger Bands on both weekly and monthly time frames, and bearish moving averages on the daily chart. The KST is also bearish on the weekly and mildly bearish on the monthly, while the Dow Theory indicates a mildly bearish stance on the weekly and monthly as well. The stock has underperformed against the Sensex over multiple time frames, particularly with a significant decline of 37.28% over the past year.