MGL - Swing Trade Analysis

Last Updated Time : 02 Aug 25, 12:58 am

Swing Trade Rating: 3.8

📊 Technical & Momentum Indicators

Current Price (₹1,389) is below both 50 DMA (₹1,432) and 200 DMA (₹1,400) — short-term bearish trend.

RSI (37.9): Near oversold territory — potential for reversal.

MACD (-8.05): Bearish momentum, but flattening could signal bottoming out.

Volume: Slightly below 1-week average — no strong buying yet.

📈 Fundamental Strength

P/E (12.8) vs Industry P/E (18.5): Undervalued — attractive for swing entry.

EPS (₹108) and Book Value (₹595): Strong earnings and asset base.

ROCE (24.3%) & ROE (18.9%): Excellent profitability.

Debt-to-Equity (0.03): Virtually debt-free — strong financial health.

Dividend Yield (2.16%): Adds cushion for holding.

PAT Growth: ₹247 Cr to ₹318 Cr — solid earnings momentum.

FII Holding Up (+1.72%): Institutional confidence.

⚠️ Concerns

Price below key DMAs: Needs confirmation of reversal.

DII Holding Down (-1.30%): Domestic caution.

MACD still negative: Wait for flattening or crossover.

✅ Swing Trade Strategy

Optimal Entry Price: ₹1,370–₹1,385 (near support and RSI reversal zone).

Target Exit Price: ₹1,480–₹1,500 (near 50 DMA and short-term resistance).

Stop Loss: ₹1,340 (below recent support).

🧭 If You Already Hold the Stock

Hold for bounce toward ₹1,480–₹1,500.

Exit if price breaks below ₹1,340 with volume confirmation.

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