TradingSutra

MGL: case of ending diagonal

Long
NSE:MGL   MAHANAGAR GAS LTD
As per the current structure it seems the prior correction is going to be completed in 1 0r 2 days. There is a formation of ending diagonal . One should buy the stock in the range of 860-65 keeping the stop loss at 845 for the target of 950 & if it hold then 995.
Comment: expect a downside push
Trade closed manually
Manish Bhardwaj

Analyst & Co-Founder
http://www.tradingsutra.com

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