Stock Radar: Down 30% from highs! MGL breaks out from the rectangle pattern; what should investors do?

Mahanagar Gas Ltd (MGL) stock recently broke out from a rectangle pattern, reclaiming the 50-DMA, but remains in bear territory. With crucial support at Rs 1,200, experts suggest a potential technical bounce back towards Rs 1,500. The stock shows bullish signs as long as it maintains above Rs 1,200, potentially reaching Rs 1,700-Rs 1,750 if the rally sustains.