STtraderr

MGL trapped in support & resistance

STtraderr Updated   
NSE:MGL   MAHANAGAR GAS LTD
MGL is in clear uptrend
but facing support at 1000
and resistance at 1070
so I will wait for stock to come near these levels
Keep tight SL of 15-20 points, which if broken then
will lead to breakdown or breakup
Trade closed: target reached:
bought near channel line at 1020
booked today at 1075

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.