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
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 momentum to continue.
All the Levels with proper stoploss...
MGL
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.
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.
Disclaimer: This is for demonstration and educational purpose only. This...
MGL 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
Not 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...
Script 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 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.
NSE:MGL
✅ #MGL trading above Resistance of 1241
✅ Next Resistance is at 1440
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.
Disclaimer: This is for demonstration and educational purpose only. This is...
-trend + resistance breakout
-after breakout getting rejection from lower levels shows conviction in traders
-Rise in RSI & ADX
-currently trading above all major ema & sma
NSE: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:...
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...
MGL in All time high. It successfully broke 1190 resistance in day time frame. Next, we expect this stock can reach 1315. Little volatility stock mind it and running in All time high.
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...
