Mgl looking fine and up move possible1.Moving averages
- 21 Ema above 50
-50 Ema above 200
-Gap between Ema seems better
2.uptrend continues observed
3.Good pivot levels
Next report date
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Report period
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EPS estimate
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Revenue estimate
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129.20INR
12.76 BINR
62.90 BINR
54.56 M
About MAHANAGAR GAS LTD
Sector
Industry
CEO
Ashu Shinghal
Website
Headquarters
Mumbai
Founded
1995
ISIN
INE002S01010
FIGI
BBG00BGKKR83
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.
Mahanagar Gas Ltd_Long_MGL India's leading Natural Gas Distribution Company was incorporated on 8th May 1995. GAIL (India) Limited is the promoter of MGL.
MCAP>10,000 Cr., CMP<₹ 2,956, ROE/ROCE/OPM>20 FOR LAST FIVE YEARS, PE30, FII>30, DII>15, Govt=10, Public<10
Long Term BuyMGL broke out of long term trendline, hit all time high, retested the breakout and is on its way again. Good opportunity
Mahanagar Gas Ltd.Hi,
A Bullish Flag & Pole pattern is visible on the daily chart of NSE:MGL after consolidation of around a month.
Daily MACD have given negative crossover on 12'Feb 24 and it is turning to bullish. On weekly and monthly charts the MACD has already given a positive crossover. So, expecting the
MGL: Will Run Like A RocketMGL
MGL is a Stock in Gas Sector. All the stocks in Gas Sector are performing, and giving some kind of Breakout.
MGL Monthly Chart Looks good. This is a Box Pattern type of breakout.
Fundamentals of MGL suggest that, it is a Buy now!
One can keep MGL in their Watchlist.
MGL - Breakout Setup, Move is ON..NSE:MGL
✅ #MGL trading above Resistance of 1440
✅ Next Resistance is at 1700
Related charts:
Charts are self-explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclai
MGLMGL on monthly timeframe has given a good 5 years range breakout. Interestingly there was also good range consolidation for few months near ATH before this breakout.
Volumes have also started building up and this can be a good positional trade in coming months
Fundamental call - Accumulate on dipsNot a technical view but this call is based on fundamental work being done by MGL across Mumbai, Thane, kalyan and dombivili.
MGL has invested heavily to setup gas pipelines across KDMC and TMC limits. These pipelines are being laid in very heavily populated areas and have lot of potentials to gene
MAHANAGAR GAS TARGET 1492 STOP LOSS 1302Script very good breakout from the uptrend channel brekaout and weekly consecutive confirmation with bullish. If it is sustain above the resistance of 1374 then it will reach the target of 1492
MGL MGL forming flag
A flag pattern is a type of chart continuation pattern that shows candlesticks contained in a small parallelogram. It is an area of consolidation which shows a counter-trend move that follows after a sharp price movement. The pattern consists of between five to twenty candlesticks
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Frequently Asked Questions
The current price of MGL is 1301.80 INR — it has decreased by 2.11% in the past 24 hours. Watch MAHANAGAR GAS LIMITED stock price performance more closely on the chart.
Depending on the exchange, the stock ticker may vary. For instance, on BSE exchange MAHANAGAR GAS LIMITED stocks are traded under the ticker MGL.
MAHANAGAR GAS LIMITED is going to release the next earnings report on Jul 30, 2024. Keep track of upcoming events with our Earnings Calendar.
MGL stock is 6.18% volatile and has beta coefficient of 1.49. Track MAHANAGAR GAS LIMITED stock price on the chart and check out the list of the most volatile stocks — is MAHANAGAR GAS LIMITED there?
Yes, you can track MAHANAGAR GAS LIMITED financials in yearly and quarterly reports right on TradingView.
MGL stock has fallen by 10.93% compared to the previous week, the month change is a 10.43% fall, over the last year MAHANAGAR GAS LIMITED has showed a 17.83% increase.
MGL net income for the last quarter is 2.52 B INR, while the quarter before that showed 3.17 B INR of net income which accounts for −20.47% change. Track more MAHANAGAR GAS LIMITED financial stats to get the full picture.
Today MAHANAGAR GAS LIMITED has the market capitalization of 131.36 B, it has decreased by 0.92% over the last week.
Like other stocks, MGL shares are traded on stock exchanges, e.g. Nasdaq, Nyse, Euronext, and the easiest way to buy them is through an online stock broker. To do this, you need to open an account and follow a broker's procedures, then start trading. You can trade MAHANAGAR GAS LIMITED stock right from TradingView charts — choose your broker and connect to your account.
Investing in stocks requires a comprehensive research: you should carefully study all the available data, e.g. company's financials, related news, and its technical analysis. So MAHANAGAR GAS LIMITED technincal analysis shows the sell today, and its 1 week rating is neutral. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1 month rating MAHANAGAR GAS LIMITED stock shows the buy signal. See more of MAHANAGAR GAS LIMITED technicals for a more comprehensive analysis.
If you're still not sure, try looking for inspiration in our curated watchlists.
If you're still not sure, try looking for inspiration in our curated watchlists.
We've gathered analysts' opinions on MAHANAGAR GAS LIMITED future price: according to them, MGL price has a max estimate of 1680.00 INR and a min estimate of 1110.00 INR. Watch MGL chart and read a more detailed MAHANAGAR GAS LIMITED stock forecast: see what analysts think of MAHANAGAR GAS LIMITED and suggest that you do with its stocks.
EBITDA measures a company's operating performance, its growth signifies an improvement in the efficiency of a company. MAHANAGAR GAS LIMITED EBITDA is 18.44 B INR, and current EBITDA margin is 29.31%. See more stats in MAHANAGAR GAS LIMITED financial statements.