MGLStock was in Down trend and giving some indication of reversal by making Higher Lows and Higher Highs as per price action we may see a potential breakout to upside just a view not a reco... levels mentioned on chart
MGL trade ideas
MGL -long for 15 %stock is at decent valuation
after a steep fall , price showing signs of bullish momentum
sequence of changes in order is marked in charts
Target and SL marked
IGL ,Gujarat gas looks good as well
MGLStock under 2 months consolidation as per darvas box a break out or break down will fuel the movement of price need to keep on radar just a view not a reco...
Mahanagar Gas Limited: A Breakout OpportunityThe stock is in a solid consolidation phase, forming a bullish pattern of higher highs and higher lows. Patience is key, so I'm playing it smart by waiting for a decisive breakout above ₹1339 on a closed candle. Once confirmed, I'll buy above that high for a strong entry point.
📊 Technical Insight:
RSI is showing strength, hinting at momentum building up. Fingers crossed that we get a smooth breakout without an overly sharp spike!
💼 Fundamentals Check:
With robust financials and a leading position in the gas distribution sector, Mahanagar Gas is a powerhouse in the energy space. Strong market fundamentals and positive technical signals make it one to watch closely!
Let’s see if this one fuels up for a big move!
Unlock 50% gain with MGL from CMPPosition Traders, Here's Your Opportunity! If you're into positional trading, now could be your moment to invest. MGL is currently at a strong support level on a monthly time frame, showing robust company fundamentals.
Don't miss out on this chance to grow your portfolio. Invest smart, and let's aim for those profits together! 📈
🚨DYOR
🚨SL must, it depend's on your risk appetite
Mahanagar Gas Ltd view for Intraday 15th Jan #MGL
Mahanagar Gas Ltd view for Intraday 15th Jan #MGL
Resistance 1280 Watching above 1282 for upside movement...
Support area 1250 Below 1260 ignoring upside momentum for intraday
Watching below 1248 or downside movement...
Above 1260 ignoring downside move for intraday
Charts for Educational purposes only.
Please follow strict stop loss and risk reward if you follow the level.
Thanks,
uptrend stock MGLMahanagar Gas Ltd., incorporated in the year 1995, is a Mid Cap company (having a market cap of Rs 12,703.81 Crore) operating in Gas & Petroleum sector.
Mahanagar Gas Ltd. key Products/Revenue Segments include Gas Natural, Other Operating Revenue and Pipes & Fittings for the year ending 31-Mar-2024.
For the quarter ended 30-09-2024, the company has reported a Consolidated Total Income of Rs 1,833.18 Crore, up 7.74 % from last quarter Total Income of Rs 1,701.41 Crore and up 13.53 % from last year same quarter Total Income of Rs 1,614.64 Crore. Company has reported net profit after tax of Rs 283.50 Crore in latest quarter.
Mahanagar Gas cmp 1300.20 by Weekly Chart viewMahanagar Gas cmp 1300.20 by Weekly Chart view
- Price Band 1145 to 1185 Support Zone
- Gap Down Opening Filled Up for fresh upside
- Stock is getting ready for fresh upside post testing retesting of the Support Zone and Gap Down Opening Filling Up Event is done
MGL BULLISH mgl vvery strong after goood correction , it will happen becacue of reason s
1.a stretched rubber will comeback
2. even if want to go down will need a pullbak of 50% or 61 level of fibnoonacci
MGL Weak due to newsMGL is down due to www.bseindia.com
CMP 1150
Add on dips till 1050
SL CLB 960
Targets 1350 to 1650 & more
FnO Trades not advised
Don't miss to Boost 🚀 this idea
For more info - Plz visit my profile
Rgds,
Naresh G
SEBI Reg.RA
MGL diwali pick for tp 3500-4000MGL diwali pick for tp 3500-4000
strong fundamental stock for this diwali to coming diwali
Here are the support and resistance levels for Mahanagar Gas Here are the support and resistance levels for Mahanagar Gas Limited (MGL)
(INR):
1-Hour Timeframe
Support Levels:
₹1,846.10
₹1,793.00
Resistance Levels:
₹1,888.95
₹1,900.00
4-Hour Timeframe
Support Levels:
₹1,800.00
₹1,750.00
Resistance Levels:
₹1,920.00
₹1,950.00
Medium term trading opportunity in MGL for > 20% upsideHi,
NSE:MGL has given a Bullish Flag Breakout on Weekly charts with very good volume.
MACD is also on the bullish side on Weekly time frames. RSI is also on the bullish side on daily, weekly and monthly time frames.
In the current market scenario, I am expecting that the bullish momentum will continue.
Complete price projection like entry, stop loss and targets mentioned on the charts for educational purpose.
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Please share your feedback or any queries on the study.
Disclaimer: Please consult your financial advisor before making any investment decision.
MGL Support & Resistance levelsAs of now, the support and resistance levels for Mahanagar Gas Limited (MGL) are as follows:
Support Levels:
1. Support Level 1: 1127.40 INR
2. Support Level 2: 1113.80 INR
Resistance Levels:
1. Resistance Level 1: 1141.00 INR
2. Resistance Level 2: 1154.97 INR
MGL SUPPORT AND RESISTANCE LEVELFor Mahanagar Gas Ltd (MGL), here are the key support and resistance levels based on recent data:
1 DAY Timeframe:
Resistance Levels:
R1: ₹1,912.15
R2: ₹1,943.00
Support Levels:
S1: ₹1,846.10
S2: ₹1,793.00
1-Hour Timeframe:
Resistance Levels:
R1: ₹1,888.95
R2: ₹1,900.00
Support Levels:
S1: ₹1,864.70
S2: ₹1,850.00
MGL // Levels // 4H"Welcome to SkyTradingZone "
Hello Everyone 👋
MGL (Moving Averages) and Support/Resistance (S/R) are two fundamental concepts in technical analysis. Here's a brief overview of each:
Moving Averages (MGL):
A Moving Average (MA) is a trend-following indicator that smooths out price action by calculating the average price over a specified period.
For Mahanagar Gas Ltd (MGL), currently trading around ₹1,842.351, here are the key levels to watch on a 4-hour timeframe:
Support Level: Around ₹1,800
Resistance Level: Around ₹1,900
MGL - Bullish1880 - 1900 Strong resistance can now turn into support
Breakout has happen with strong volumes
Expecting a small pull back before rallying further
1980 can act as an SL area
MGL - MAHANAGAR GAS -Short term SwingUptrend - I see a nice cup and handle formed. the cup has a double bottom as well.
I like the pattern and expect a breakout soon. Stoploss is a must to keep you safe if it doesn't work.
Keep in Radar
Keep an eye into the stock
It has formed a Symmetrical triangle and is on the verge of breakout.
Historical chart tells us that the stock gave a good upside momentum of approx 32% after breakout of symmetrical triangle.
If the stock gives a good daily breakout candle one can enter with stoploss below candle low. Breakdown will negate our view in the stock.
Volume analysis shows that during consolidation volume has dried up.
Keep Learning,
Keep Trading.
⚠️Disclaimer: The views expressed here are merely personal opinions. Nothing mentioned here should be considered as advice or recommendation.
Please consult with your financial advisors before making any investment decisions.
If you’d like more examples or have other questions, just ask—I’m here to help! 😊🚀
MGL - BearishAt strong supply area
May start a retracement journey downwards soon
Expecting 1800 - 1740 soon
1880 strong resistence
MGL - Weekly breakoutPossible B/O of MGL on weekly chart.. partial entry above 1336 and more position after BO of trendline on weekly timeframe
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 generate revenue as people subscribe to piped gas. This may take few year to complete but the potential for profits is very high.
Hence MGL can reach target of 1500 to 2200 in 3 years.
Accumulate on dips. It's currently near its long time resistance a breakout and sustain above resistance can take this share flying or retracement.
No stop loss
