FAHEEMSAM

MGL- BREAKOUT AND RETEST

Long
NSE:MGL   MAHANAGAR GAS LTD
The whole gas distribution companies are starting a bull run. So either MGL or IGL , hope everybody can make a lot of money with them

Note:
  • Avoid the stock if a big gap up or gap down is seen
  • Enter after the breakout happens and not before it
  • Do not chase the market, i.e., do not get involved in late entries
  • Only enter with strict stop-loss and target
  • This is not a recommendation and is for educational purposes only.
  • always follow risk-reward and quantity management for the 100% of the times
  • The above mentioned idea may not work, so beware of the risk you are taking

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Happy Trading!!
Comment: This particular analysis of a request from one of the viewers of my publishes. So thank you @shraghu2010 for interacting with me and the question you asked is answered here

Comments

Nice!
I want to know that are you on instagram,facebook,twitter,or linkndin . if you are reply me username
+1 Reply
FAHEEMSAM akshayrajputhustle
@akshayrajputhustle, I have telegram. 9946346608
Reply
Thank you for giving your view about MGL, don't you think profit booking pulled both IGL and MGL down by almost 2%,what's the next level we should watch in MGL and IGL?
+1 Reply
FAHEEMSAM shraghu2010
@shraghu2010, sorry could answer sooner. Actually these gas companies are yet to reach its peek is what i think. The sectoral rotation is coming and the stocks that underperformed are going to be the next runners. I strongly believe these will be top performers in the next rally
Reply
now what to do at this level ??
Reply
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