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About Stock: MGL is engaged in the distribution of compressed natural gas ( CNG ) and piped natural gas ( PNG ) in Mumbai and its adjoining areas. The company has very strong earnings strength.
Trade Setup: Stock has broken multi week high with volume and can be traded on long side. Momentum indicator RSI is also bullish on daily charts ..
Buy Zone: 922-935
SL: 785
Target: Target1=1000, Target2=1092 Target 3=1248
Imp:
1. Trading requires more than technical analysis . e.g. Risk Management, trade management, psychology etc.
2. Always follow stop loss.
3. Once a trade is in your direction (say) 2-3%, never let it go in a loss.
4. Simply follow rules. Nothing else..
Disclaimer: This is for demonstration and educational purpose only.
Trade Setup: Stock has broken multi week high with volume and can be traded on long side. Momentum indicator RSI is also bullish on daily charts ..
Buy Zone: 922-935
SL: 785
Target: Target1=1000, Target2=1092 Target 3=1248
Imp:
1. Trading requires more than technical analysis . e.g. Risk Management, trade management, psychology etc.
2. Always follow stop loss.
3. Once a trade is in your direction (say) 2-3%, never let it go in a loss.
4. Simply follow rules. Nothing else..
Disclaimer: This is for demonstration and educational purpose only.
Trade active:
First Target achieved.. heading to second target..
Trade active:
Trailing SL -1020
Trade active:
Trade is ON..