2.45%
116.20INR
7.901BINR
62.993BINR
54.562M
About MAHANAGAR GAS LIMITED
Sector
Industry
CEO
Ashu Shinghal
Website
Headquarters
Mumbai
Employees (FY)
2.164K
Founded
1995
ISIN
INE002S01010
Mahanagar Gas Ltd. engages in the sale and distribution of natural gas. Its businesses include Domestic PNG, Commercial PNG, CNG, Industrial PNG, and Gas Geysers. The company was founded on May 8, 1995 and is headquartered in Mumbai, India.
MGL Breaking out from Triangle pattern in 1HR TFMGL
CMP: 1041
Tgt: 1095,1125
SL: 1019
Chart only for Educational purpose
MGL Flag and Pole pattern We can see MGL 1500 in upcoming days as per my analysis .
at least this share can make a new high ..cheers.!
MGL Analysis Stock has retested it's support zone, may go up in coming trading sessions, follow chart for proper support and resistance levels.
📈 Exciting Bullish Pattern Alert! 🐂📈 Exciting Bullish Pattern Alert! 🐂
📊 Pattern: Broadning Pattern
📌 Symbol/Asset: MGL
🔍 Description: Stock is in a broadning pattern and might give breakout. If we dont get breakout then reversal possible from cirrenct levels. Wait and watch !!
👉 Disclosure: We are not SEBI registered analysts, t
MGL Chart Analysis MGL Chart Analysis:
- Monthly Chart reveals like Stock has been stuck within a Contracting Triangle of ABCDE Structure since listing
- Weekly Chart Seems like unfolding ABC Zigzag (green ABC) 5-3-5
- Wave B can complete around 1186 to 1250
- Major Wave B(green) seems like in a triple Zigzag and wav
📈 Exciting Bullish Pattern Alert! 🐂📈 Exciting Bullish Pattern Alert! 🐂
📊 Pattern: Broadning Pattern
📌 Symbol/Asset: MGL
🔍 Description: Prices are bouncing from support and currently in a Broadning Pattern
👉 Disclosure: We are not SEBI registered analysts, this is not a buy or sell recommendation. Technical patterns are just one p
Mahanagar Gas, can be value buyResistance level 1200
Support level 800
It's supporting the current short term uptrend, but it will test it's resistance at 1200, possibility of breakout this time
Because at fundamental level, it's undervalued at its peers, it's showing good eps growth quarterly, which can be seen in black line.
I
Long (if breakout happens)MGL Long idea, Valid only if the price breaks the trendline.
Entry : Blue Line
SL : Red Line
TP : Green Line
This is not a financial advice, Do your own research before investing.
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