Mahanagar Gas Limited (MGL) is a leading City Gas Distribution (CGD) company in India.
MGL continued to fall from October last year to November,2024.
And for about 5 months, it was range-bound from 1200 to 1400. And during this time it's tried to break the range multipal times.
Finally, it's breakout the range with volume 25June 2025.(Great Accumulation phase)
An ascending channel pattern is forming.It is expected that the target of 1800 will be achieved in this quarter
MGL continued to fall from October last year to November,2024.
And for about 5 months, it was range-bound from 1200 to 1400. And during this time it's tried to break the range multipal times.
Finally, it's breakout the range with volume 25June 2025.(Great Accumulation phase)
An ascending channel pattern is forming.It is expected that the target of 1800 will be achieved in this quarter
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.