Is Mahanagar Gas technically bullish or bearish?

Oct 09 2025 08:12 AM IST
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As of October 8, 2025, the technical trend is bearish with moderate strength, indicated by bearish MACD, Bollinger Bands, and moving averages, despite mild bullishness in OBV.
As of 8 October 2025, the technical trend has changed from mildly bearish to bearish. The current stance is bearish with a moderate strength. Key indicators driving this include a bearish MACD on the weekly timeframe, bearish Bollinger Bands on both weekly and monthly timeframes, and bearish moving averages on the daily timeframe. The KST is also bearish on the weekly chart, while the Dow Theory indicates a mildly bearish trend on the weekly basis. Despite the OBV showing mild bullishness on both weekly and monthly timeframes, the overall technical picture remains bearish.
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