Hi,
A Bullish Flag & Pole pattern is visible on the daily chart of NSE:MGL after consolidation of around a month.
Daily MACD have given negative crossover on 12'Feb 24 and it is turning to bullish. On weekly and monthly charts the MACD has already given a positive crossover. So, expecting the momentum to continue.
All the Levels with proper stoploss...
NSE:MGL
✅ #MGL trading above Resistance of 1440
✅ Next Resistance is at 1700
Related charts:
Charts are self-explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This...
MGL on monthly timeframe has given a good 5 years range breakout. Interestingly there was also good range consolidation for few months near ATH before this breakout.
Volumes have also started building up and this can be a good positional trade in coming months
Not a technical view but this call is based on fundamental work being done by MGL across Mumbai, Thane, kalyan and dombivili.
MGL has invested heavily to setup gas pipelines across KDMC and TMC limits. These pipelines are being laid in very heavily populated areas and have lot of potentials to generate revenue as people subscribe to piped gas. This may take few...
NSE:MGL
✅ #MGL trading above Resistance of 1241
✅ Next Resistance is at 1440
Related charts:
Charts are self-explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is...
NSE:MGL
Mahanagar Gas Limited is a natural gas distribution company. The Company is engaged in the distribution of compressed natural gas (CNG) and piped natural gas (PNG) in Mumbai and its adjoining areas.
TTM EPS: 68.63
TTM PE: 11.95
Sector PE: 23.74
Book Value Per Share: 327.24
P/B: 2.51
Face Value: 10
Mkt Cap (Rs. Cr.): 8,097
Dividend Yield:...
Alert! Bearish Pattern Spotted! 🐻
📊 Pattern: Broadening Triangle Pattern
📌 Symbol/Asset: MGL
🔍 Description: Stock is around long term resistance zone.
and on a smaller timeframe stock is on the resistance of broadening triangle pattern.
One can take short position from here.
This is the best short trade setup for now !!
👉 Disclosure: We are not SEBI...
Exciting Bullish Pattern Alert!
📊 Pattern: Broadening Pattern
📌 Symbol/Asset: MGL
🔍 Description: Stock is about ti give breakout. If stock gives breakout then we can expect momentum after breakout.
If resistance is not crossed then we can see fall upto support levels.
👉 Disclosure: We are not SEBI registered analysts, this is not a buy or sell...
Elliott Wave Analysis:-
In Correction wave a) wave took place and for retracement b) wave and still a little more correction was pending it seems to be. and the fall is expected from there.
i am not a SEBI registered advisor.
Before taking a trade do your own analysis or consult a financial advisor.
I share chart for education purpose only. I share my...
As shown in the chart drawing study I predict my study to be right in future
Disclaimer - This is not a Stock recommendation.
Investments in securities are subject to market risk. The value and return on investment may vary because of changes in interest rates, foreign exchange rates, or any other reason.
It's an educational post for analyzing, learning &...
There is a possibility for big move
instead of intraday its better to go for 3 to 4 days of holding
with proper risk management.
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entry: 895
stoploss: 830
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refer old idea attached below
MGL:- If the stock breakouts from the trendline, it can show an upside moment. Keep an eye on the stock.
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
check my other ideas to get to...
NSE:MGL
✅ #MGL trading above Resistance of 1075
✅ Next Resistance is at 1241
Related charts:
Charts are self-explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not...
