MGL - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 4.0
| Stock Code | MGL | Market Cap | 10,913 Cr. | Current Price | 1,103 ₹ | High / Low | 1,587 ₹ |
| Stock P/E | 12.9 | Book Value | 651 ₹ | Dividend Yield | 2.72 % | ROCE | 18.3 % |
| ROE | 13.7 % | Face Value | 10.0 ₹ | DMA 50 | 1,086 ₹ | DMA 200 | 1,161 ₹ |
| Chg in FII Hold | -0.76 % | Chg in DII Hold | 0.18 % | PAT Qtr | 132 Cr. | PAT Prev Qtr | 202 Cr. |
| RSI | 53.6 | MACD | -3.01 | Volume | 95,010 | Avg Vol 1Wk | 1,55,501 |
| Low price | 900 ₹ | High price | 1,587 ₹ | PEG Ratio | 5.51 | Debt to equity | 0.03 |
| 52w Index | 29.6 % | Qtr Profit Var | -45.6 % | EPS | 85.7 ₹ | Industry PE | 20.8 |
📈 Chart & Momentum Analysis
- Current price (₹1,103) is above DMA 50 (₹1,086) but below DMA 200 (₹1,161), showing short-term strength but medium-term weakness.
- RSI at 53.6 indicates neutral momentum, leaving room for upside.
- MACD at -3.01 is negative, signaling short-term bearish bias.
- Bollinger Bands: Price near mid-band, reflecting sideways consolidation.
- Volume (95K) is below average weekly volume (1.55L), showing reduced participation.
🎯 Entry & Exit Zones
- Optimal entry: ₹1,080–₹1,095 (support near DMA 50).
- Exit/Profit zone: ₹1,140–₹1,160 (resistance near DMA 200).
- Stop-loss: ₹1,065 (support zone).
📊 Trend Status
- The stock is consolidating with mild bearish undertone, awaiting breakout above DMA 200 for bullish confirmation.
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Positive
✔ EPS at ₹85.7 reflects profitability.
✔ Dividend yield at 2.72% adds investor appeal.
✔ ROCE (18.3%) and ROE (13.7%) show decent efficiency.
✔ Low debt-to-equity (0.03) ensures financial stability.
Limitation
⚠ Trading below DMA 200, showing medium-term weakness.
⚠ MACD negative, signaling bearish bias.
⚠ Volume tapering, showing weaker conviction.
⚠ PEG ratio at 5.51 indicates expensive growth valuation.
Company Negative News
📉 PAT declined from ₹202 Cr. to ₹132 Cr. (-45.6%).
📉 FII holding reduced (-0.76%).
Company Positive News
📈 DII holding increased (+0.18%).
📈 Dividend yield remains attractive at 2.72%.
Industry
🏭 Energy & gas distribution sector PE at 20.8, MGL trades at a discount (PE 12.9).
🏭 Sector outlook remains steady with consistent demand.
Conclusion
🔎 MGL is consolidating with neutral momentum and bearish undertone. Best strategy is accumulation near ₹1,080–₹1,095 and profit booking around ₹1,140–₹1,160. A breakout above ₹1,161 (DMA 200) would confirm bullish continuation toward ₹1,200+.
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