MUGHAL, Double Bottom with Bullish DivergenceTrendline Retest
Double Bottom Formation
Bullish Divergence
Bullish Moment Expected
Strict Stoploss @ 75
Initial Target 100
Next report date
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Report period
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EPS estimate
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Revenue estimate
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5.68PKR
1.91 BPKR
91.76 BPKR
109.20 M
About MUGHAL IRON & STEEL INDUSTRIES LTD
Sector
Industry
CEO
Khurram Javaid
Website
Headquarters
Lahore
Founded
1950
ISIN
PK0109901014
FIGI
BBG0083BZ256
Mughal Iron & Steel Industries Ltd. engages in the provision of manufacture and sale of mild steel products. It offers bars, beams, spring steels, carbon billets, and ferro chrome. It operates through the Ferrous and Non-Ferrous segments. The Ferrous segment comprises of long-rolled mild steel related products. The Non-Ferrous segment includes copper and related waste items. The company was founded in 1950 and is headquartered in Lahore, Pakistan.
MUGHAL has generated bullish signalMUGHAL is showing bullish sign near trend line, after correction it is looking attractive for buying at current levels.
Mughal Long positionCup and handle formation. All the targets are mentioned on the charts. Long term target is PKR 145.
Mughal - PSX- Bullish Bat PatternIn daily time frame a bullish Bat pattern is forming in Mughal Steel, a buy trade can be taken at current price of 78 - 80, stoploss below 74 ,
MUGHAL | Bullish Symmetrical PatternAfter completing bullish symmetrical triangle pattern, MUGHAL retraces 38.2%, Possible pull back is expected towards previous top of 100 (target) with the stop loss just below precious support around 80.
Potential Buying Zone (Daily)This might be a potential buying zone (small chunk) for the following reasons:
1. Target of H&S completed.
2. Weekly support.
3. EMA 144 - 200.
Note: I'm a learner and I'm reusing my learned tools after a very long time. Let me know if I can improve or if you have any suggestions.
Bearish DivergencesShould wait for an Entry near
75 - 77. Stoploss in this case
should be 74 on Closing basis.
MUGHAL | Parallel ChannelMUGHAL is at break out level with bullish momentum. If it breaks and sustains above 82 then the completion of parallel channel occurs at 88. Exercise caution and monitor closely.
MUGHALWe can attempt to buy MUGHAL from specified level as it gives breakout of yellow box , also trading in bullish rectangle pattern (continuation pattern) , also there is no bearish divergence at current levels.
SL , TP mention in chart
MUGHAL iron & STEEL #Pakistan Stock ExchangeTrend seems positive and if It hold candle above 75 Rupees , then we can see it may go to 110 Rupees.
Trend seems quit positive.
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Frequently Asked Questions
The current price of MUGHAL is 74.73 PKR — it has increased by 3.73% in the past 24 hours. Watch MUGHAL IRON & STEEL INDUSTRIES LTD stock price performance more closely on the chart.
Depending on the exchange, the stock ticker may vary. For instance, on PSX exchange MUGHAL IRON & STEEL INDUSTRIES LTD stocks are traded under the ticker MUGHAL.
MUGHAL stock has fallen by −9.42% compared to the previous week, the month change is a −5.42% fall, over the last year MUGHAL IRON & STEEL INDUSTRIES LTD has showed a 28.84% increase.
We've gathered analysts' opinions on MUGHAL IRON & STEEL INDUSTRIES LTD future price: according to them, MUGHAL price has a max estimate of 125.00 PKR and a min estimate of 120.00 PKR. Watch MUGHAL chart and read a more detailed MUGHAL IRON & STEEL INDUSTRIES LTD stock forecast: see what analysts think of MUGHAL IRON & STEEL INDUSTRIES LTD and suggest that you do with its stocks.
MUGHAL reached its all-time high on Feb 10, 2022 with the price of 114.60 PKR, and its all-time low was 14.49 PKR and was reached on Apr 16, 2015. View more price dynamics on MUGHAL chart.
See other stocks reaching their highest and lowest prices.
See other stocks reaching their highest and lowest prices.
MUGHAL stock is 7.69% volatile and has beta coefficient of 1.11. Track MUGHAL IRON & STEEL INDUSTRIES LTD stock price on the chart and check out the list of the most volatile stocks — is MUGHAL IRON & STEEL INDUSTRIES LTD there?
Today MUGHAL IRON & STEEL INDUSTRIES LTD has the market capitalization of 24.18 B, it has decreased by −9.58% over the last week.
Yes, you can track MUGHAL IRON & STEEL INDUSTRIES LTD financials in yearly and quarterly reports right on TradingView.
MUGHAL IRON & STEEL INDUSTRIES LTD is going to release the next earnings report on Nov 27, 2024. Keep track of upcoming events with our Earnings Calendar.
MUGHAL net income for the last quarter is 516.03 M PKR, while the quarter before that showed 102.95 M PKR of net income which accounts for 401.27% change. Track more MUGHAL IRON & STEEL INDUSTRIES LTD financial stats to get the full picture.
Yes, MUGHAL dividends are paid annually. The last dividend per share was 3.20 PKR. As of today, Dividend Yield (TTM)% is 4.44%. Tracking MUGHAL IRON & STEEL INDUSTRIES LTD dividends might help you take more informed decisions.
MUGHAL IRON & STEEL INDUSTRIES LTD dividend yield was 0.00% in 2024, and payout ratio reached 0.00%. The year before the numbers were 6.61% and 30.86% correspondingly. See high-dividend stocks and find more opportunities for your portfolio.
As of Nov 2, 2024, the company has 2.22 K employees. See our rating of the largest employees — is MUGHAL IRON & STEEL INDUSTRIES LTD on this list?
EBITDA measures a company's operating performance, its growth signifies an improvement in the efficiency of a company. MUGHAL IRON & STEEL INDUSTRIES LTD EBITDA is 7.23 B PKR, and current EBITDA margin is 7.05%. See more stats in MUGHAL IRON & STEEL INDUSTRIES LTD financial statements.
Like other stocks, MUGHAL shares are traded on stock exchanges, e.g. Nasdaq, Nyse, Euronext, and the easiest way to buy them is through an online stock broker. To do this, you need to open an account and follow a broker's procedures, then start trading. You can trade MUGHAL IRON & STEEL INDUSTRIES LTD stock right from TradingView charts — choose your broker and connect to your account.
Investing in stocks requires a comprehensive research: you should carefully study all the available data, e.g. company's financials, related news, and its technical analysis. So MUGHAL IRON & STEEL INDUSTRIES LTD technincal analysis shows the sell today, and its 1 week rating is sell. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1 month rating MUGHAL IRON & STEEL INDUSTRIES LTD stock shows the buy signal. See more of MUGHAL IRON & STEEL INDUSTRIES LTD technicals for a more comprehensive analysis.
If you're still not sure, try looking for inspiration in our curated watchlists.
If you're still not sure, try looking for inspiration in our curated watchlists.