Long Term Trend: Weak
AI Indicator Strength: 30.0%
StockMGL
Current Price₹1022.20
Short Term Trend
Strong Downward
Trend: Weak
¼ Long Term Trend Structure
- Price below EMA20, EMA50, EMA200
- Momentum aligned with structure
RSI: Neutral-Bullish
📊 Momentum (RSI)
- RSI: 33.97
- Mild positive bias
MACD: Strong Bearish
¼ MACD Observation
- Strong negative MACD crossover
- Trend confirms structural bias
Overall: Mixed
📊 Overall Technical View
- Momentum → Neutral-Bullish
- Trend → Weak
📊 MGL Stock Strength & Risk Analysis
✅ Positive Factors
- Technical structure remains largely defensive with limited active catalysts.
❌ Risk Factors
- Long-term trend alignment is structurally bearish.
- Downward structural bias is currently active.
📌 Market Outlook
Caution is advised as technicals remain firmly embedded in a downtrend.
🎯 Technical Indicators: Support & Resistance
🟢 Support Zones
₹991.96
₹1012.20
₹1002.08
🔴 Resistance Zones
₹1118.00
₹1129.18
₹1140.36
MGL Price Action: Immediate buying interest for MGL has historically emerged around the ₹991.96 mark. If the stock faces selling pressure, this zone acts as the first line of defense. Conversely, the primary hurdle for an upward rally is positioned at ₹1118.00. Breaking past this resistance could signal a fresh leg of bullish momentum.
📊 Fibonacci Retracement
| Level | Value |
|---|
| 23.6% | 977.84 |
| 38.2% | 1170.88 |
| 50.0% | 1326.90 |
| 61.8% | 1482.92 |
| 78.6% | 1705.05 |
Structural Pullbacks: Looking at the Fibonacci retracement map for MGL, the 38.2% level at ₹1170.88 acts as a critical juncture. Price interactions around these zones frequently dictate the stock's short-term trajectory, helping identify where MGL might reverse or accelerate.
📈 Moving Averages
| EMA | Value | SMA | Value |
|---|
| EMA5 | 1036.95 | SMA5 | 1038.06 |
| EMA9 | 1043.60 | SMA9 | 1043.10 |
| EMA20 | 1057.72 | SMA20 | 1060.73 |
| EMA50 | 1079.18 | SMA50 | 1088.96 |
| EMA100 | 1093.36 | SMA100 | 1101.84 |
| EMA200 | 1123.31 | SMA200 | 1094.75 |
📊 AI Scorecard (How Confidence is Calculated)
• RSI Neutral-Bullish: +1 🟢
🟢
• Price < EMA20 (Short-term Bearish): -1 🔴
🔴
• EMA20 < EMA50 (Medium Downtrend): -1 🔴
🔴
• Price < EMA200 (Long-term Bearish): -1 🔴
🔴
• MACD Strong Bearish: -2 🔴
🔴
• Total Score: -4
🔴
• Confidence Score: 30.00%
🔴
Total Score: -4
Technical Indicator Strength: 30.0%
- Weak alignment in behavior
- AI Confidence Score: 30.0%
👉 Market appears weak-to-sideways with mild downside pressure
📊 MACD Backtested Signals (Historical)
| Date |
Signal |
Close |
T+1 Open |
T+1 High |
T+1 Low |
T+1 Change |
T+5 High |
T+5 Low |
T+5 Change |
Strength |
Confidence |
Strategy |
| 2026-09-28 |
Bearish |
1048.8 |
1048.8 |
1063.5 |
1035.0 |
1.32% |
1.40 |
1067.1 |
1024.2% |
2.35 |
1.74 |
100.00 65.20 Success |
| 2026-09-23 |
Bullish |
1092.8 |
1083.7 |
1092.0 |
1077.4 |
0.77% |
0.58 |
1092.0 |
1035.0% |
-0.07 |
5.29 |
65.65 50.68 Success |
| 2026-08-25 |
Bearish |
1101.4 |
1102.1 |
1119.0 |
1102.1 |
0.00% |
1.53 |
1119.0 |
1062.0% |
3.58 |
1.60 |
83.40 59.65 No Trade |
| 2026-07-30 |
Bullish |
1118.5 |
1130.0 |
1179.0 |
1111.1 |
4.34% |
1.67 |
1179.0 |
1108.1% |
5.41 |
0.93 |
88.30 85.60 Success |
| 2026-07-01 |
Bearish |
1162.0 |
1167.0 |
1167.0 |
1140.0 |
2.31% |
0.00 |
1167.0 |
1082.5% |
6.84 |
0.43 |
100.00 89.54 Success |
| 2026-06-15 |
Bullish |
1139.0 |
1147.0 |
1191.0 |
1144.7 |
3.84% |
0.20 |
1252.0 |
1144.7% |
9.92 |
-0.50 |
100.00 95.00 Success |
| 2026-05-11 |
Bearish |
1106.4 |
1108.7 |
1110.9 |
1058.7 |
4.51% |
0.20 |
1110.9 |
1024.0% |
7.45 |
0.41 |
100.00 95.00 Success |
| 2026-04-07 |
Bullish |
955.0 |
993.0 |
1015.0 |
976.0 |
2.22% |
1.71 |
1090.8 |
976.0% |
14.22 |
-2.20 |
100.00 95.00 Success |
| 2026-03-05 |
Bearish |
1096.5 |
1095.0 |
1096.5 |
1041.2 |
4.91% |
0.14 |
1096.5 |
1010.1% |
7.88 |
0.00 |
100.00 95.00 Success |
| 2026-01-19 |
Bullish |
1098.0 |
1098.0 |
1114.5 |
1080.0 |
1.50% |
1.64 |
1125.1 |
1018.6% |
2.47 |
7.23 |
100.00 81.70 Success |
| 2026-01-07 |
Bearish |
1061.6 |
1066.8 |
1071.3 |
1050.1 |
1.57% |
0.42 |
1077.0 |
1040.2% |
2.02 |
1.45 |
100.00 63.23 Success |
| 2025-12-19 |
Bullish |
1151.0 |
1160.0 |
1180.0 |
1156.0 |
1.72% |
0.34 |
1180.0 |
1114.2% |
2.52 |
3.20 |
100.00 73.62 Success |
| 2025-10-30 |
Bearish |
1271.7 |
1267.0 |
1284.7 |
1265.2 |
0.14% |
1.40 |
1286.2 |
1209.9% |
4.86 |
1.14 |
41.50 48.89 Success |
| 2025-10-07 |
Bullish |
1313.6 |
1324.9 |
1335.4 |
1276.7 |
0.79% |
3.64 |
1335.4 |
1274.0% |
1.66 |
3.01 |
100.00 64.49 Success |
| 2025-09-25 |
Bearish |
1263.6 |
1263.0 |
1267.3 |
1234.0 |
2.30% |
0.34 |
1310.0 |
1234.0% |
2.34 |
3.67 |
52.46 57.57 Success |
| 2025-09-04 |
Bullish |
1287.6 |
1294.9 |
1296.7 |
1268.3 |
0.14% |
2.05 |
1307.5 |
1262.0% |
1.55 |
1.99 |
54.21 38.73 Success |
| 2025-08-28 |
Bearish |
1274.4 |
1265.1 |
1273.8 |
1245.1 |
1.58% |
0.69 |
1334.4 |
1245.1% |
2.30 |
4.71 |
100.00 77.45 Success |
| 2025-08-19 |
Bullish |
1338.6 |
1338.6 |
1355.3 |
1332.2 |
1.25% |
0.48 |
1355.3 |
1280.0% |
1.25 |
4.38 |
100.00 69.72 Success |
| 2025-07-11 |
Bearish |
1486.2 |
1484.9 |
1484.9 |
1460.1 |
1.67% |
0.00 |
1535.6 |
1460.1% |
1.76 |
3.32 |
100.00 69.48 Success |
| 2025-06-09 |
Bullish |
1416.3 |
1426.0 |
1427.0 |
1383.6 |
0.07% |
2.97 |
1427.0 |
1307.1% |
0.76 |
7.71 |
37.85 48.56 Success |
Interpreting Historical MACD Data: The table above presents backtested historical performance of MACD crossover signals for MGL. By analyzing past T+1 to T+5 day price movements following a MACD buy or sell signal, traders can gauge the historical reliability and expected volatility of the current signal.