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onlineguru99
Oct 22, 2021 11:05 AM

MGL Previous gap up zone 950 to 975 expected to act as support Long

MAHANAGAR GAS LTDNSE

Description

As per the daily chart the previous gap up zone of 950 to 975 expected to act as support

Can go long on all dips till 980 with SL @ 900 Daily closing basis

Do your own analysis before investing

Trade active

xactly bounced from the support zone, Add more and maintain SL @ 920 Daily closing basis
Comments
shraghu2010
It depends on the Tuesday's quarterly results, it may fall below 950 or cross 1050 the same day, if it cross 1050 then we can easily go long for 1100, 1148, 1192 targets. IGL, GUJGAS are also low but not fell as MGL, let's wait for Tuesday.
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