Long Term Trend: Strong
AI Indicator Strength: 50.0%
StockMGL
Current Price₹1209.00
Short Term Trend
Strong Upward
Trend: Strong
¼ Long Term Trend Structure
- Price above EMA20, EMA50, EMA200
- Momentum aligned with structure
RSI: Neutral-Bearish
📊 Momentum (RSI)
- RSI: 69.23
- Mild negative bias
MACD: Strong Bearish
¼ MACD Observation
- Strong negative MACD crossover
- Trend confirms structural bias
Overall: Mixed
📊 Overall Technical View
- Momentum → Neutral-Bearish
- Trend → Strong
📊 MGL Stock Strength & Risk Analysis
✅ Positive Factors
- Trading well above 200-day moving averages reinforces core stability.
❌ Risk Factors
- Minor technical overextension suggests potential for a brief consolidation phase.
📌 Market Outlook
Neutral structural conditions warrant a patient, wait-and-see approach.
🎯 Technical Indicators: Support & Resistance
🟢 Support Zones
₹1024.00
₹1013.76
₹1003.52
🔴 Resistance Zones
₹1230.00
₹1242.30
₹1254.60
MGL Price Action: The nearest structural support is quite distant at ₹1024.0 (over 10% away). In the short term, traders should watch the EMA20 at ₹1125.72 as a dynamic support level. On the upside, the primary hurdle for an upward rally is positioned at ₹1230.00.
📊 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 | 1185.28 | SMA5 | 1190.64 |
| EMA9 | 1158.33 | SMA9 | 1138.74 |
| EMA20 | 1125.72 | SMA20 | 1107.86 |
| EMA50 | 1103.05 | SMA50 | 1106.04 |
| EMA100 | 1107.59 | SMA100 | 1086.81 |
| EMA200 | 1154.08 | SMA200 | 1151.70 |
📊 AI Scorecard (How Confidence is Calculated)
• RSI Neutral-Bearish: -1 🔴
🔴
• Price > EMA20 (Short-term Bullish): +1 🟢
🟢
• EMA20 > EMA50 (Medium Uptrend): +1 🟢
🟢
• Price > EMA200 (Long-term Bullish): +1 🟢
🟢
• MACD Strong Bearish: -2 🔴
🔴
• Total Score: 0
🔴
• Confidence Score: 50.00%
🔴
Total Score: 0
Technical Indicator Strength: 50.0%
- Strong alignment in behavior
- AI Confidence Score: 50.0%
👉 Market appears neutral
📊 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 |
| 2026-05-11 |
Bearish |
1106.40 |
1108.70 |
1110.90 |
1058.7 |
4.51% |
0.20 |
1110.90 |
1024.00% |
7.45 |
0.41 |
100.00 95.00 Success |
| 2026-04-07 |
Bullish |
955.00 |
993.00 |
1015.00 |
976.0 |
2.22% |
1.71 |
1090.80 |
976.00% |
14.22 |
-2.20 |
100.00 95.00 Success |
| 2026-03-05 |
Bearish |
1096.50 |
1095.00 |
1096.50 |
1041.2 |
4.91% |
0.14 |
1096.50 |
1010.10% |
7.88 |
0.00 |
100.00 95.00 Success |
| 2026-01-19 |
Bullish |
1098.00 |
1098.00 |
1114.50 |
1080.0 |
1.50% |
1.64 |
1125.10 |
1018.60% |
2.47 |
7.23 |
100.00 81.70 Success |
| 2026-01-07 |
Bearish |
1061.60 |
1066.80 |
1071.30 |
1050.1 |
1.57% |
0.42 |
1077.00 |
1040.20% |
2.02 |
1.45 |
100.00 63.23 Success |
| 2025-12-19 |
Bullish |
1151.00 |
1160.00 |
1180.00 |
1156.0 |
1.72% |
0.34 |
1180.00 |
1114.20% |
2.52 |
3.20 |
100.00 73.62 Success |
| 2025-10-30 |
Bearish |
1271.70 |
1267.00 |
1284.70 |
1265.2 |
0.14% |
1.40 |
1286.20 |
1209.90% |
4.86 |
1.14 |
41.50 48.89 Success |
| 2025-10-07 |
Bullish |
1313.60 |
1324.90 |
1335.40 |
1276.7 |
0.79% |
3.64 |
1335.40 |
1274.00% |
1.66 |
3.01 |
100.00 64.49 Success |
| 2025-09-25 |
Bearish |
1263.60 |
1263.00 |
1267.30 |
1234.0 |
2.30% |
0.34 |
1310.00 |
1234.00% |
2.34 |
3.67 |
52.46 57.57 Success |
| 2025-09-04 |
Bullish |
1287.60 |
1294.90 |
1296.70 |
1268.3 |
0.14% |
2.05 |
1307.50 |
1262.00% |
1.55 |
1.99 |
54.21 38.73 Success |
| 2025-08-28 |
Bearish |
1274.40 |
1265.10 |
1273.80 |
1245.1 |
1.58% |
0.69 |
1334.40 |
1245.10% |
2.30 |
4.71 |
100.00 77.45 Success |
| 2025-08-19 |
Bullish |
1338.60 |
1338.60 |
1355.30 |
1332.2 |
1.25% |
0.48 |
1355.30 |
1280.00% |
1.25 |
4.38 |
100.00 69.72 Success |
| 2025-07-11 |
Bearish |
1486.20 |
1484.90 |
1484.90 |
1460.1 |
1.67% |
0.00 |
1535.60 |
1460.10% |
1.76 |
3.32 |
100.00 69.48 Success |
| 2025-06-09 |
Bullish |
1416.30 |
1426.00 |
1427.00 |
1383.6 |
0.07% |
2.97 |
1427.00 |
1307.10% |
0.76 |
7.71 |
37.85 48.56 Success |
| 2025-05-21 |
Bearish |
1382.00 |
1371.10 |
1378.00 |
1342.0 |
2.12% |
0.50 |
1378.00 |
1318.00% |
4.63 |
-0.29 |
11.71 37.91 Success |
| 2025-04-28 |
Bullish |
1333.70 |
1337.50 |
1355.50 |
1323.7 |
1.35% |
1.03 |
1421.80 |
1307.00% |
6.61 |
2.00 |
30.52 59.52 Success |
| 2025-04-07 |
Bearish |
1305.25 |
1325.05 |
1358.85 |
1290.8 |
2.58% |
2.55 |
1358.85 |
1230.50% |
5.73 |
4.11 |
100.00 90.92 Success |
| 2025-03-12 |
Bullish |
1299.50 |
1295.00 |
1306.30 |
1280.5 |
0.87% |
1.12 |
1388.90 |
1280.50% |
6.88 |
1.46 |
65.74 72.10 Success |
| 2025-02-27 |
Bearish |
1311.30 |
1304.05 |
1309.95 |
1233.0 |
5.45% |
0.45 |
1339.95 |
1195.55% |
8.83 |
2.18 |
12.55 70.26 Success |
| 2025-02-21 |
Bullish |
1334.45 |
1313.00 |
1324.10 |
1296.9 |
0.85% |
1.23 |
1329.65 |
1216.35% |
-0.36 |
8.85 |
1.40 35.42 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.