Is Mahanagar Gas technically bullish or bearish?

Oct 19 2025 08:06 AM IST
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As of 17 October 2025, Mahanagar Gas has shifted to a bearish trend with moderate strength, indicated by bearish MACD, Bollinger Bands, and moving averages, despite some mildly bullish signals from the OBV.
As of 17 October 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 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 chart, while the Dow Theory indicates no trend in both weekly and monthly perspectives. Although the OBV shows mildly bullish signals on both weekly and monthly time frames, the overall technical picture remains bearish.
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