MGLMGL Fut broke above ascending triangle pattern as well inside bar pattern on an hourly charts with good OI built up.
Risk:Reward = 1:3
Could be bought with mentioned stoploss & target.
MORE DOWN SIDE ON MGL.MGL is as per charts very negative. 5 days future data shows short build up. 1 day future analysis shows 67200 shorts vs 2000 long. still the sector is reinventing gas prices to be higher and here the stock is making low buy the stock for long term however for now its a short.
yogesh aggarwal.
Dark cloud cover as well as bearish divergence Dark cloud cover as well as a bearish divergence .... expected to correct in the near term
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Frequently Asked Questions
The current price of MAHANAGAR GAS FUTURES is 1,240.75 INR — it has fallen −0.39% in the past 24 hours. Watch MAHANAGAR GAS FUTURES price in more detail on the chart.
The volume of MAHANAGAR GAS FUTURES is 44.00 K. Track more important stats on the MAHANAGAR GAS FUTURES chart.
The nearest expiration date for MAHANAGAR GAS FUTURES is Feb 27, 2025.
Traders prefer to sell futures contracts when they've already made money on the investment, but still have plenty of time left before the expiration date. Thus, many consider it a good option to sell MAHANAGAR GAS FUTURES before Feb 27, 2025.
Open interest is the number of contracts held by traders in active positions — they're not closed or expired. For MAHANAGAR GAS FUTURES this number is 125.60 K. You can use it to track a prevailing market trend and adjust your own strategy: declining open interest for MAHANAGAR GAS FUTURES shows that traders are closing their positions, which means a weakening trend.
Buying or selling futures contracts depends on many factors: season, underlying commodity, your own trading strategy. So mostly it's up to you, but if you look for some certain calculations to take into account, you can study technical analysis for MAHANAGAR GAS FUTURES. Today its technical rating is sell, but remember that market conditions change all the time, so it's always crucial to do your own research. See more of MAHANAGAR GAS FUTURES technicals for a more comprehensive analysis.