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GAS

Simple Trade Setup| MGL | 30-08-2021NSE:MGL Observation: 1) On Daily time frame It took perfect reversal from 200DMA with good green candle. Now next hurdle for this stock will be 1140-1150 critical zone. On breakout of this range it will be good bullish till 1200 level. 1200 is another major resistance. Please refer below chart : daily time frame. ------------------------------------ Trade Setup for Date 30-08-2021: 1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action. 2) Everything is mentioned on the chart. I hope it is easy to understand. 3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level tomorrow. Please refer below chart for levels. Hope I made it easy to understand it. Do comment your doubt or suggestion.
NSE:MGL
by Trading_hawk
💡NGAS (NAT.GAS) - Weekly Technical Analysis UpdateMidterm forecast: 3.400 is major support; while this level is not broken, the Midterm wave will be uptrend. We will close our open trades if the Midterm level 3.400 is broken. Technical analysis: While the RSI support #1 at 47 is not broken, the probability of price decrease would be too low. A trough is formed in the daily chart at 3.730 on 08/19/2021, so more gains to resistance(s) 4.650, 4.900, 5.000, and more heights are expected. Price is above WEMA21; if a price drops more, this line can act as dynamic support against more losses. The relative strength index ( RSI ) is 71. Take Profits: TP1= @ 2.600 TP2= @ 2.750 TP3= @ 2.900 TP4= @ 3000 TP5= @ 3.150 TP6= @ 3.400 TP7= @ 3.650 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your support is very much 🙏 appreciated!❤️ 💎 Want us to help you become a better Forex / Crypto trader? Now, It's your turn! Be sure to leave a comment; let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
CAPITALCOM:NATURALGASLong
by ForecastCity_ME
4
Likhitha infrastructure -Perfect Technical Breakout & News basedLikhitha Infrastructure Ltd is involved in developing CNG-GAS stations and gas pipelines and also has clients like igl, mgl, guj gas & adani gas. It started a big rally because of the Indian govt interest in developing a huge network of CNG stations all over India. Technically, stock gives a strong BreakOut in the Day TF and can make a strong rally in the next few days. Short term or positional investors can consider the stock for good gain.
NSE:LIKHITHALong
by Tradeshiv
IGL - How to avoid false breakout??The stock is in a clear cut indication of consolidation. It has given some false breakouts. How to avoid false breakout?? No spike in volume Breakouts only happened after 3pm After gap up opening, it couldn't sustain above the levels Entry was not given by the stock as the price never crossed the high of the 15min breakout candle When and where can entry be taken?? Upside : once their is a volume spike after breakout, entry can be taken when the the price crosses the high of the 15min breakout candle Downside : once their is a volume spike after breakdown, entry can be taken when the the price crosses the low of the 15min breakout candle 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 Follow me to Learn and Earn with me. Happy Trading!!
NSE:IGL
by FAHEEMSAM
1
💡 NATGAS . Weekly Technical Analysis UpdateMidterm forecast: While the price is below the resistance 3.000, beginning of downtrend is expected. We make sure when the support at 2.250 breaks. If the resistance at 3.000 is broken, the short-term forecast -beginning of downtrend- will be invalid. Technical analysis: While the RSI resistance #1 at 52 is not broken, the probability of price increase would be too low. A trough is formed in daily chart at 2.378 on 12/08/2020, so more gains to resistance(s) 2.700 and maximum to Major Resistance (3.000) is expected. Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains. Relative strength index (RSI) is 42. ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated! ❤️ 💎 Want us to help you become a better Forex trader ? Now, It's your turn ! Be sure to leave a comment let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
N
by ForecastCity_ME
4
IGL - Accummulation - Get ready to enterContinously trading in a small range is an indication of a breakout. A BIG BREAKOUT........... Buy above 850.55 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 Follow me to Learn and Earn with me. Happy Trading!!
NSE:IGLLong
by FAHEEMSAM
5