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kalyanganguly

MGL - Bearish breakout

Short
MAHANAGAR GAS LTD (NSE:MGL)  
kalyanganguly  
NSE:MGL   MAHANAGAR GAS LTD
Trend Analysis Chart Patterns Technical Indicators mglshort MGL mahanagargas
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trendanalysis chartpattern indicator mglshort mgl mahanagargas
Note: This is for educational purpose only.

There is a bearish breakout from wedge pattern as well as lower support level. This is supported by high volume. RSI is below 40 which adds to the bearish momentum.
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