Cup & handle breakout.MAHANAGAR GAS LTD ready for fresh move. Cup & handle breakout on this stock. BREAKOUT = 1482 SL = 1424 Target = 1571 looking good on this price point. supported by awesome volume. Don't lose more than your entry reason.Longby muzammilyj1
"U" shape Pattern,we tried to capture the Full "U" shape pattern, in this trade. SL 5% & Target 19%. based on past rally Longby Bhupen_AUpdated 5
MGL BO This stock made a good consolidation BO and restest has been done Bo trend continues and 25% upside can be seen Technically good and above imp EMAsLongby Ratthegreat3
MGLGETTEX:NSE : MGL Is a good fundamental stock. and latest Q. profit check out all-time-high > According to my analysis company has good future growth and also there are multiple sigh > On the chart pattern we can see there are multi-year breakouts and now testing all-time high levels of re-test * value buying stock on re-test levels *by mitz983
MGL Ltd MGL Ltd CMP 1315 Multi Year Breakout Level Retested Buy Some At 1123, Some At 1071, Some At 1042Longby dharmikkarani70
Double bottom or a long term Bullish reversal !This study is an educational post, not a trade /investment recommendation. What looks like a double bottom can reverse multi-year trend at times and provide great investment opportunities! Longby Krishna_krsnaUpdated 18
MGLNSE:MGL One Can Enter Now ! Or Wait for Retest of the Trendline (BO) ! Or wait For better R:R ratio ! Note : 1.One Can Go long with a Strict SL below the Trendline or Swing Low. 2. R:R ratio should be 1 :2 minimum 3. Plan as per your RISK appetite and Money Management. Disclaimer : You are responsible for your Profits and loss, Shared for Educational purposeLongby CreativeCreature0
MGL*MGL* seems good for long term target of 1500/1800/1973. CMP 1260. SL below 1050 with Positive RSI. Longby jagrutipradeepUpdated 2
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 % Longby madhu2811Updated 1114
TRIANGLE CORRECTION : ELLIOTT WAVE ANALYSIS TRIANGLE CORRECTION : ELLIOTT WAVE ANALYSIS A triangle is a sideways movement that is associated with decreasing volume and volatility. Guidelines Triangles have 5 sides, Corrective structure labelled as ABCDE Location : a- Usually happens in wave B or wave 4 b- Wave D in triangle itself c- If in second then 2 will be zigzag and this will happen in B of zigzag d- X wave of Double Three correction and XX wave of Tripple Three e- XX wave of Double Zigzag correction f- Wave D in triangle itself Subdivided into three (3-3-3-3-3) Subdivision of ABCDE can be either ABC, wxy, or flat by Elliottbaba1
MGL 6 Year old monthly trendline breakout F&O stock:- MGL 6 year old monthly trendline breakout with huge spurt in volumes for swing target of 1373 and 1472. Accurate trading Longby Accuratetradinggroup5
MGL looking goodSTAY in MGL going to touch Target... It will give nice move again.Longby mrmahore56443
MGL above 270 for longMGL is looking good above 1270, box breakout after years of consolidation is nearing, if it breaks the box a solid move can be seen. Note: Please consult your financial advisor before any investment.Longby junaid2100
MGL : CUP and Handle breakout in monthly/weekly time frame.MGL cup and handle pattern. Target shown in the chart. Fundamental good Note: Just for knowledge sharing purpose.Longby rajanshah1
MGL - Bearish ViewMGL - Elliott Wave Count this view not a 100% reliable to take trade. its just a tentative view based on the current market movement. if the market breaks the channel and comes back inside then we can take short trade for the target near bottom trendline. SL will the whatever the high made after the Trendline breakout. Please note that this information is for educational purposes only, and it is crucial to trade with caution. NSE:MGL NSE:MGLZ2023 BSE:MGL Shortby Treda_pro2
Mgl bullish view It’s not an investment suggestion, sharing just for knowledge sharing purposes. If it breaks this particular resistance level than it should rally up to the next resistance level.by shibsandipUpdated 1
MGL ... buy if sustain 1040 levelstgt levels 1150 and above as it follows rising uptrend line.Longby rkgupta9414111
#mgl - Evergreen stock - Excellent RR 1:4#mgl - Approaching BO. Risk reward 1:4 SL is defined. PS : Only for learning purposes. Please consult your financial advisor before investing. Longby KrishadInv4
MGL About to blast.MGL About to blast and going to test the resistance zone around 1180 Zone.Longby AG_Stocks228
Multiple Support and Key Resistance LevelThe Mahanagar Gas Ltd (MGL) chart view on TradingView shows the price of MGL stock over the past few weeks. The chart shows that MGL has been in a downtrend, but has recently found support at around INR 1000. There are a few key things to note on the chart: Support and resistance levels: The chart shows two key support levels at around INR 1000 and INR 750. These levels are where the price has previously found support and bounced back. There is also a key resistance level at around INR 1200. This level is where the price has previously faced resistance and been rejected. Moving averages: The chart shows two moving averages, a 50-period and a 200-period moving average. The 50-period moving average is currently above the 200-period moving average, which is a bullish sign. Overall, the MGL chart is showing some bounce from bearis. The price has found support at a key level, but the 50-period moving average is below the 200-period moving average and the MACD on OBV indicator is showing a bullish crossover. This suggests that the price could be about to move higher. Trading strategy: Based on the chart, a possible trading strategy would be to buy MGL at the current price level, with a stop loss below INR 1150 and a take profit target at INR 1200. This would give a risk-reward ratio of 1:1. It is important to note that this is just a possible trading strategy and is not financial advice. Always do your own research before making any trading decisions. Additional notes: The MGL chart view on TradingView is using a daily timeframe. The volume indicator shows that the volume has been increasing recently. This is a bullish sign that suggests that there is more interest in buying MGL. It is important to be aware of the risks involved in trading stocks. Stocks are volatile and their prices can fluctuate wildly. Please note that this is just my opinion and is not financial advice. Always do your own research before making any trading decisions.Longby stocktechbot0
MGL looks bullishMGL has recently moved closer to its resistance level of 1125. Significant volume as the price approaching the level. It would be a high-probability trade if it breaks the resistance with volume and retraces back to its support level. We can enter the trade for 3.5 risk-to-reward ratio. Also, it goes unnoticeable that it has been forming a cup and handle pattern. RSI is above 60 on monthly and weekly time frames. It also crossed 60 on the daily time frame in the last trading session. It crossed 50 EMA on the daily time frame and has been above 50 EMA on the weekly and monthly time frame. Longby vikasbhekare113