MGL - IntraDay Trade Analysis with Live Signals

Last Updated Time : 05 Nov 25, 7:43 am

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IntraDay Trade Rating: 2.9

💹 Optimal Buy Price: ₹1,255–₹1,260 (near short-term support and below current price)

🎯 Profit Target: ₹1,275–₹1,285 (minor resistance zone)

🛡️ Stop Loss: ₹1,245 (below recent support and psychological level)

📊 Exit Strategy if Already Holding: Consider exiting near ₹1,280 if RSI approaches 50 and MACD flattens. Watch for volume pickup and price rejection near resistance.

✅ Positive

• 📉 PEG ratio of 0.71 suggests undervaluation relative to growth
• 💰 Low debt-to-equity ratio (0.03) indicates strong financial health
• 📈 ROCE of 22.9% and ROE of 17.7% reflect efficient capital usage
• 📊 Decent dividend yield of 2.37% adds passive income potential

⚠️ Limitation

• 📉 RSI at 41.6 and MACD at -6.49 indicate weak momentum
• 📉 Volume today (2.06L) is below 1-week average (2.19L)
• 📉 Stock trading below both 50 DMA and 200 DMA
• 📉 FII holding declined by 1.89%
• 📉 Quarterly profit dropped by 32.6%

🚫 Company Negative News

• 📉 No major negative news reported recently

📢 Company Positive News

• 📈 Stable long-term fundamentals with consistent dividend payout
• 📊 EPS of ₹100 supports valuation despite recent profit dip

🏭 Industry

• 🔥 MGL operates in the city gas distribution sector, which is moderately defensive
• 📉 Industry P/E of 19.7 suggests MGL is trading below sector average

🧾 Conclusion

📌 MGL shows limited intraday potential today due to weak momentum indicators and declining volume. While fundamentally sound, technicals suggest caution. Traders may consider buying near ₹1,260 with a target of ₹1,280 and stop loss at ₹1,245. If already holding, monitor RSI and MACD for exit signals near minor resistance.

I can also help you identify stronger intraday setups in the energy or utilities sector if you're exploring alternatives.