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MGL stinks of Psychological overhang

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MAHANAGAR GAS LTD (NSE:MGL)  
Pivotal_Traders  
NSE:MGL   MAHANAGAR GAS LTD
Trend Analysis Technical Indicators MGL nse BSE indianstocks
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trendanalysis indicator mgl nse bse indianstocks
The stock seems to having headache from the fact that it FAILED to pass the 1000 psychological level and the retracement on downtrend was just .232. Which makes a probable case for trend continuation and we target .5 fib extension.
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