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MAHANAGAR GAS LIMITEDMAHANAGAR GAS LIMITEDMAHANAGAR GAS LIMITED

MAHANAGAR GAS LIMITED

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MGL trade ideas

MGL - Buy Opportunity AnalysisNSE:MGL Mahanagar Gas Limited is a natural gas distribution company. The Company is engaged in the distribution of compressed natural gas (CNG) and piped natural gas (PNG) in Mumbai and its adjoining areas. TTM EPS: 68.63 TTM PE: 11.95 Sector PE: 23.74 Book Value Per Share: 327.24 P/B: 2.51 Face Value: 10 Mkt Cap (Rs. Cr.): 8,097 Dividend Yield: 2.81 Some Positives: Company with No Debt Increasing Revenue every quarter for the past 2 quarters Book Value per share Improving for last 2 years Company with Zero Promoter Pledge Current price is less than the intrinsic value Company is expected to give good quarter Company has been maintaining a healthy dividend payout of 38.80% Good time to consider, as stock is not in overbought zone Some Negatives: Inefficient use of capital to generate profits - RoCE declining in the last 2 years Decline in Net Profit with falling Profit Margin (QoQ) Decline in Quarterly Net Profit with falling Profit Margin (YoY) Recent Results: Declining Operating Profit Margin and Net Profits (YoY) My Opinion: Chart pattern looks promising for 50% return in medium to long term(If you are planning for long-term investment keep adding on dips till 770 and keep a stop loss at 650). In short term too, target of 840-850 is achievable. Please analyze chart on shorter time-frame before you buy. NOT A RECOMMENDATION. JUST FOR EDUCATION PURPOSE. Thanks
NSE:MGLLong
by babutaaniket
MGL : Best Bearish setup : Long term Resistance zone Alert! Bearish Pattern Spotted! 🐻 📊 Pattern: Broadening Triangle Pattern 📌 Symbol/Asset: MGL 🔍 Description: Stock is around long term resistance zone. and on a smaller timeframe stock is on the resistance of broadening triangle pattern. One can take short position from here. This is the best short trade setup for now !! 👉 Disclosure: We are not SEBI registered analysts, this is not a buy or sell recommendation.
NSE:MGLShort
by FiveCircles
2
MGL : Exciting Bullish Pattern Alert Exciting Bullish Pattern Alert! 📊 Pattern: Broadening Pattern 📌 Symbol/Asset: MGL 🔍 Description: Stock is about ti give breakout. If stock gives breakout then we can expect momentum after breakout. If resistance is not crossed then we can see fall upto support levels. 👉 Disclosure: We are not SEBI registered analysts, this is not a buy or sell recommendation. Technical patterns are just one piece of the puzzle. Consider conducting further research, consulting with a financial advisor, and managing your risks appropriately.
NSE:MGLLong
by FiveCircles
1
📈 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, this is not a buy or sell recommendation. Technical patterns are just one piece of the puzzle. Consider conducting further research, consulting with a financial advisor, and managing your risks appropriately.
NSE:MGLLong
by FiveCircles
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 wave Z can end around 1186 to 1252 - These double/triple Zigzags often can look like an impulse - Major Wave C can be an impulse on the downside and will review the stocks around 1230 to 1250 Current trading strategy can be on the long side from Spot around 1095 with SL of 1040 for targets of 1186/1211/1252 and Trade type depends on strategy one wants to deploy as per risk management(Cash/FNO hedges etc). Reviews/Feedback/Corrections are welcome.
NSE:MGLLong
by Raghunandan5d
1
📈 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 piece of the puzzle. Consider conducting further research, consulting with a financial advisor, and managing your risks appropriately.
NSE:MGLLong
by FiveCircles
Swing Trade Hold in 3-4 DaysTrend line Breakout in MAHANAGAR GAS Book profits within the first 30 minutes of the market opening - Try to exit by taking 9-10% profit of each trade - SL can be taken when the 5/15 min candle closes below 44EMA Now, why do I prefer swing trades? The primary reason is that I have observed that 90% of the stocks give most of the movement in just 3-4 days and the rest of the time they either consolidate or fall CMP- 985 Target Price 1050 Note:- I am not SEBI Registered This Trade is only educational Purpose
NSE:MGL
by kishan_Vyas
1
MGL SWING Trade Long As shown in the chart drawing study I predict my study to be right in future Disclaimer - This is not a Stock recommendation. Investments in securities are subject to market risk. The value and return on investment may vary because of changes in interest rates, foreign exchange rates, or any other reason. It's an educational post for analyzing, learning & discussing general and generic information related to stocks, investments, and strategies.
NSE:MGLLong
by share_care_earn
1