Range 1060-1080 is very important range, Prince has taken multiple resistance here and also broke out earlier once.
On 27th Nov, MGL made a big gap up and closed with a bullish candle with volumes. It has been consolidating since, once price moves above 1060-1080, we can go long with stoploss of 1020
Initial Target would be previous highs 1230
On 27th Nov, MGL made a big gap up and closed with a bullish candle with volumes. It has been consolidating since, once price moves above 1060-1080, we can go long with stoploss of 1020
Initial Target would be previous highs 1230
Trade active:
Entry at 1060
Trade closed: stop reached:
SL of 1020 got hit on Dec21 meltdown.