UNDERDOG-29

BEGINNING OF SUB WAVE 3 OF WAVE 3

Long
NSE:MGL   MAHANAGAR GAS LTD
WXY EXPANDED FLAT CORRECTION'S TARGET OF 161.8% EXTENTION OF WAVE W HAS BEEN ACHIEVED @1074.00.STOCK HAS BOUNCED FROM THIS PRICE AND HAVE FORMED SORT OF HAMMER PATTERN WITH LONG TAIL INDICATING WAVE 3 IS BEGINNING TARGET FOR WHICH COMES @ 1440.INITIATE LONG @CMP 1112 WITH STOPLOSS OF 1010 AND TARGET OF 1440.RISK REWARD ON THIS TRADE IS EXCELLENT.ALSO COMPANIES FUNDAMENTALS ARE BEST AMONG THE SECTOR.

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