Trading_hawk

MGL looks promising to sell below 1182

NSE:MGL   MAHANAGAR GAS LTD
NSE:MGL

Today MGL RSI shows bearish divergence. Couldn't break the 1190 resistance levels.
Stock was trading sideways and with a bit higher high formation but the RSI was making lower highs. This is a sign of weakness in stock.
Stock is not ready to go up at this moment. One correction is still required.

Keep tracking of this stock for tomorrow as MGL looks promising to sell below 1182. Target level are marked in Green line. But don't forget to keep stop loss at 1190 level.


Trade closed: target reached: Target hit.
Hope you have took the trade and made profit.

Let me know in comment.