MGL
CMP 967
If you have been following us and seeing our coverage on MGL, we have been in it since 860 odd levels...
Link to our previous post
Nothing spectacular here so far but the ride has been smooth and easy without panic attacks to say the least and importantly The stock has done a 10% + movement achieving T1 & T2 quite comfortably.
(It is like watching Micheal Bevan of Australian cricket team if you remember, not scoring much in boundaries and sixes but still ends up scoring 50-60 runs at a very good strike rate mostly from ones and twos. And that's what made him very reliable and very effective.)
Coming back to the stock, Going forward, 977-987 is an important zone for MGL. Keep a close eye. Above that zone and there can be a quick movement to 1020-1034 levels initially and then possibly even to 1066 levels.
Those who are holding can trail SL to 928 on closing basis.
For those looking to take a fresh position wait for the stock to cross the resistance zone or look to buy on dips
Never miss a chance. You can get regular updates from us. Just HIT the LIKE button and FOLLOW US
For any stock specific queries you can message us. It may take a day or 2 to reply but we will surely address it.
Best regards
Take care & happy trading...!!!
CMP 967
If you have been following us and seeing our coverage on MGL, we have been in it since 860 odd levels...
Link to our previous post
Nothing spectacular here so far but the ride has been smooth and easy without panic attacks to say the least and importantly The stock has done a 10% + movement achieving T1 & T2 quite comfortably.
(It is like watching Micheal Bevan of Australian cricket team if you remember, not scoring much in boundaries and sixes but still ends up scoring 50-60 runs at a very good strike rate mostly from ones and twos. And that's what made him very reliable and very effective.)
Coming back to the stock, Going forward, 977-987 is an important zone for MGL. Keep a close eye. Above that zone and there can be a quick movement to 1020-1034 levels initially and then possibly even to 1066 levels.
Those who are holding can trail SL to 928 on closing basis.
For those looking to take a fresh position wait for the stock to cross the resistance zone or look to buy on dips
Never miss a chance. You can get regular updates from us. Just HIT the LIKE button and FOLLOW US
For any stock specific queries you can message us. It may take a day or 2 to reply but we will surely address it.
Best regards
Take care & happy trading...!!!
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