Monday, March 17, 2025

Rationale Report -17.03.2025



(1)           MGL -

·     Buy price : 1288

·     Strong Support : 1250

·     Resistance price : 1303 – 1313 - 1320

Reasons for Buy Recommended – The MACD shows a bullish signal at 7.93, suggesting potential upward momentum. However, other indicators like ADX, CCI, and Williams %R are neutral, reflecting a lack of strong directional trends.

Relative Strength Index (RSI): 45.92

Average Directional Index (ADX): 14.50  

Commodity Channel Index (CCI): -72.49

Williams %R: -61.51


 

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