MGL - IntraDay Trade Analysis with Live Signals

Last Updated Time : 19 Sept 25, 2:16 pm

IntraDay Trade Rating: 3.5

📊 Intraday Trade Analysis for MGL

Mahanagar Gas Ltd (MGL) presents a moderately favorable setup for intraday trading today, with a few cautionary signals that suggest a measured approach.

🔍 Key Technical & Fundamental Observations

Momentum Indicators

RSI at 55.3 is neutral, indicating neither strong bullish nor bearish momentum.

MACD at -2.87 is negative, suggesting mild bearish undertone.

Price Action

Trading just above 50 DMA (₹1,341) but below 200 DMA (₹1,375), signaling short-term support but medium-term resistance.

Volume

Current volume (2.54 lakh) is below the 1-week average (3.89 lakh), indicating subdued intraday interest.

Fundamentals

Strong ROCE (22.9%) and ROE (17.7%) with low debt (0.03) support stability.

EPS of ₹110 and P/E of 12.2 suggest undervaluation compared to industry PE of 20.2.

FII holdings increased, but DII reduced — mixed institutional sentiment.

🎯 Optimal Buy Price for Today

Buy Zone: ₹1,335–₹1,340

Entry near 50 DMA offers a low-risk setup.

Avoid chasing above ₹1,350 unless volume picks up.

📈 Exit Levels for Profit-Taking & Stop-Loss

Strategy Price Level (₹) Rationale

Target 1 1,355 Minor resistance zone

Target 2 1,370 Near 200 DMA, momentum extension

Stop-Loss 1,325 Below recent support zone

🕒 If You Already Hold MGL Today

Exit on Weakness

Price drops below ₹1,325 with rising volume.

RSI dips below 50 or MACD widens negatively.

Exit on Strength

Price nears ₹1,355–₹1,370 with declining volume or bearish divergence.

Watch for reversal candles or intraday lower highs forming.

This setup favors cautious scalping rather than aggressive momentum plays. Want to compare it with other gas sector stocks or set up a watchlist?

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