539957 NEWS why is Mgl price falling or rising

539957 NEWS reasons for why stock price of Mgl is falling or rising

539957 Mgl is falling or rising technical reasons

Technical analysis forecast for Mgl Stock is that its in a downtrend for shortterm, and I will avoid taking a BUY or a LONG trade in this stock. Look for opportunities to sell or SHORT Mgl 539957 at this time. Stock is falling and might fall more.

It appears as if Mgl 539957 gave a large move recently.

Stock of Mgl (539957) is trading below an important moving average line, and it has been below this line for quite some time now. This is not a good sign, stock might keep falling and stock might move lower...

My analysis of Mgl is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if Mgl stays below 1189.2, but if it comes above 1189.2, then a intra day buy could be more profitable.
If you take a sell trade below 1189.2, then use 1189.2 as stoploss and 1040.6 as target. However if you take a buy trade in Mgl, then use 1189.2 as stoploss and 1313.03 as target.

539957 Mgl is falling or rising NEWS fundamental reasons

Gujarat Gas, MGL best positioned amid city gas sector's uncertainty: Probal Sen ​The differential with alternate fuels like petrol and diesel is the highest in Mumbai and probably the lowest in IGL's case, because in Delhi the tax structure is slightly different for even petrol and diesel compared to Bombay. - NEWS as on 2024-11-18 indiatimes.com

More announcements and NEWS

539957 Mgl current price & indicator signals

Moving Averages for Mgl

  • 5Day Average: 1165.08
  • 12Day Average: 1242.78
  • 20Day Average: 1315.47
  • 50Day Average: 1602.71
  • 100Day Average: 1693.28
  • 150Day Average: 1595.48
  • 200Day Average: 1552.61

539957 Indicators & signals

Indicator MACD (12,26,9)

1237.95, 1363.45, -123.56
Indicator MACD is in negative zone

Indicator ADX (14)

58.81, 11.88, 45.82
Indicator ADX is indicating that momentum is still strong.
Momentum is towards selling.

Indicator RSI (14)

Current RSI is: 40
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of 539957 Mgl are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
27 Wed Nov 2024 1178.50 1154.25 to 1184.35 0.17% 0.26 times
26 Tue Nov 2024 1176.55 1173.45 to 1199.00 -0.91% 0.07 times
25 Mon Nov 2024 1187.40 1160.00 to 1198.35 2.62% 0.27 times
22 Fri Nov 2024 1157.05 1122.40 to 1169.25 2.77% 3.92 times
21 Thu Nov 2024 1125.90 1088.25 to 1136.50 -0.02% 2.58 times
19 Tue Nov 2024 1126.10 1112.55 to 1147.45 -0.39% 1.19 times
18 Mon Nov 2024 1130.55 1075.00 to 1229.00 -13.79% 1.58 times
14 Thu Nov 2024 1311.40 1306.95 to 1340.00 -1.4% 0.15 times
13 Wed Nov 2024 1330.05 1323.60 to 1399.95 -2.86% 0.09 times
12 Tue Nov 2024 1369.25 1365.75 to 1416.40 -2.27% 0.06 times
11 Mon Nov 2024 1401.05 1397.25 to 1429.55 -1.3% 0.1 times
08 Fri Nov 2024 1419.55 1411.05 to 1463.00 -1.23% 0.18 times

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539957 NEWS why is Mgl price falling or rising

 

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