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MAHANAGAR GAS LTD.MAHANAGAR GAS LTD.MAHANAGAR GAS LTD.

MAHANAGAR GAS LTD.

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MGL trade ideas

Mahanagar Gas (MGL) – Big Move Loading?📊 **Mahanagar Gas (MGL) – Big Move Loading?** 🚀⚠️ MGL is **coiling within a tight range**, signaling that a **major breakout or breakdown** could be on the horizon! Traders should be ready as momentum builds. ### 🔎 **Technical Outlook:** 🔹 **Range-Bound Action:** The stock is stuck in a sideways consolidation phase, indicating accumulation or distribution. 🔹 **Breakout Watch:** A breakout above the **resistance zone** could trigger a **momentum rally**, leading to a potential trend shift. 🔹 **Volume Confirmation:** A **surge in volume** during the breakout would validate the move and confirm strong buying interest. 🔹 **Moving Average Factor:** The price remains **below a key moving average**, acting as a dynamic resistance – a breakout above it could confirm a trend reversal. 🔹 **Momentum Indicators:** RSI and MACD should be watched for **bullish crossover** or divergence signals that may hint at an early move. ### 🎯 **What’s Next?** ✅ **Bullish Bias:** A breakout with strong volume could **unlock an explosive rally**, leading to a sustained uptrend. ❌ **Bearish Breakdown:** If support cracks, **selling pressure could accelerate**, triggering a larger downside move. ⚡ **Traders’ Playbook:** Keep a close eye on price action, volume spikes, and key indicator signals. **A big move is brewing!** 💥📈 🔔 **Are you ready for the next breakout?** 🔥🚀
NSE:MGLLong
by Professional2056
MGL Bullish buy side Mahanagar Gas Limited (MGL) is exhibiting a bullish trend on the weekly chart, indicating a positive market sentiment and potential upward movement in its stock price. This bullish outlook suggests that investors are optimistic about the company's future performance, possibly due to favorable market conditions, strong financial results, or positive industry developments. As a result, the stock is expected to experience upward momentum, attracting more buyers and potentially leading to higher price levels in the coming weeks.
NSE:MGLLong
by baddonkey99
MAHANAGAR GAS LTD S/R Support and Resistance Levels: Support Levels: These are price points (green line/shade) where a downward trend may be halted due to a concentration of buying interest. Imagine them as a safety net where buyers step in, preventing further decline. Resistance Levels: Conversely, resistance levels (red line/shade) are where upward trends might stall due to increased selling interest. They act like a ceiling where sellers come in to push prices down. Breakouts: Bullish Breakout: When the price moves above resistance, it often indicates strong buying interest and the potential for a continued uptrend. Traders may view this as a signal to buy or hold. Bearish Breakout: When the price falls below support, it can signal strong selling interest and the potential for a continued downtrend. Traders might see this as a cue to sell or avoid buying. 20 EMA (Exponential Moving Average): Above 20 EMA: If the stock price is above the 20 EMA, it suggests a potential uptrend or bullish momentum. Below 20 EMA: If the stock price is below the 20 EMA, it indicates a potential downtrend or bearish momentum. Trendline: A trendline is a straight line drawn on a chart to represent the general direction of a data point set. Uptrend Line: Drawn by connecting the lows in an upward trend. Indicates that the price is moving higher over time. Acts as a support level, where prices tend to bounce upward. Downtrend Line: Drawn by connecting the highs in a downward trend. Indicates that the price is moving lower over time. It acts as a resistance level, where prices tend to drop. RSI: RSI readings greater than the 70 level are overbought territory, and RSI readings lower than the 30 level are considered oversold territory. Combining RSI with Support and Resistance: Support Level: This is a price level where a stock tends to find buying interest, preventing it from falling further. If RSI is showing an oversold condition (below 30) and the price is near or at a strong support level, it could be a good buy signal. Resistance Level: This is a price level where a stock tends to find selling interest, preventing it from rising further. If RSI is showing an overbought condition (above 70) and the price is near or at a strong resistance level, it could be a signal to sell or short the asset. Disclaimer: I am not a SEBI registered. The information provided here is for learning purposes only and should not be interpreted as financial advice. Consider the broader market context and consult with a qualified financial advisor before making investment decisions.
NSE:MGL
by zenthosh
Mahanagar Gas LtdTARGET MENTIONED IN CHART - SL 1165 FUNDAMENTALS Market Cap ₹ 12,988 Cr. Current Price ₹ 1,315 High / Low ₹ 1,345 / 830 Stock P/E 11.3 Book Value ₹ 474 Dividend Yield 1.98 % ROCE 26.8 % ROE 20.4 % Face Value ₹ 10.0 Promoter holding 32.5 % EPS last year ₹ 80.0 EPS latest quarter ₹ 34.3 Debt ₹ 115 Cr. Pledged percentage 0.00 % Net CF ₹ 35.4 Cr. Price to Cash Flow 13.4 Free Cash Flow ₹ 257 Cr. Debt to equity 0.02 OPM last year 18.8 % OPM 5Year 28.0 % Reserves ₹ 4,581 Cr. Price to book value 2.78 Int Coverage 161 PEG Ratio 1.07 Price to Sales 2.03 Sales growth 3Years 28.4 % Return on assets 14.0 %
NSE:MGLLong
by madhu2811
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