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GAS

NATGAS Update and New Trading SuggestionMidterm forecast: 2.200 is a major support, while this level is not broken, the Midterm wave will be uptrend. We will close our open trades, if the Midterm level 2.200 is broken. Technical analysis: The RSI downtrend #1 is broken, so the probability of continuation of uptrend is increased. While the RSI uptrend #2 is not broken, bullish wave in price would continue. A trough is formed in daily chart at 1.640 on 07/20/2020, so more gains to resistance(s) 2.500, 2.700, 2.950 and more heights is expected. Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses. Relative strength index (RSI) is 74. Trade Setup: We opened 10 BUY trade(s) @ 1.94 based on 'previous Forecast' at 2020.07.29 : Total Profit: 313 point Closed trade(s): 109 point Profit Open trade(s): 204 point Profit Closed Profit: TP2 @ 2.00 touched at 2020.08.03 with 6 point Profit. TP3 @ 2.10 touched at 2020.08.03 with 16 point Profit. TP4 @ 2.25 touched at 2020.08.04 with 31 point Profit. TP5 @ 2.50 touched at 2020.08.17 with 56 point Profit. 6 + 16 + 31 + 56 = 109 point Open Profit: Profit for one trade is 2.45(current price) - 1.94 (open price) = 51 point 4 trade(s) still open, therefore total profit for open trade(s) is 51 x 4 = 204 point New Trading suggestion: . There is still a possibility of temporary retracement to suggested support line (2.330) again. if so, traders can set orders based on Price Action and expect to reach short-term targets. Take Profits: TP5= 2.500 TP6= 2.700 TP7= 2.950 TP8= 3.350 TP9= 3.700 TP10= Free ❤️ 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 do you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
NLong
by ForecastCity_ME
11
There is a trading opportunity to buy in NATGASMidterm forecast: . While the price is above the support 1.550, beginning of uptrend is expected. . We make sure when the resistance at 2.250 breaks. . If the support at 1.550 is broken, the short-term forecast -beginning of uptrend- will be invalid. Technical analysis: . While the RSI downtrend #1 is not broken, bearish wave in price would continue. . A peak is formed in daily chart at 2.024 on 05/20/2020, so more losses to support(s) 1.800, 1.700 and minimum to Major Support (1.550) 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 47. Trading suggestion: . There is a possibility of temporary retracement to suggested support zone (1.800 to 1.700). if so, traders can set orders based on Price Action and expect to reach short-term targets. Beginning of entry zone (1.800) Ending of entry zone (1.700) Take Profits: TP1= 1.900 TP2= 2.000 TP3= 2.100 TP4= 2.250 TP5= 2.500 TP6= 2.700 TP7= 2.950 TP8= 3.350 TP9= 3.700 TP10= Free ❤️ 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 do you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
NLong
by ForecastCity_EU
5
Don't miss the great buy opportunity in NGASTrading suggestion: . There is a possibility of temporary retracement to suggested support line (1.90). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . NATURAL GAS is in a range bound and the beginning of uptrend is expected. .The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 51. . While the RSI resistance #1 at 43 is broken, so the probability of the beginning of an uptrend is increased. Take Profits: TP1= @ 2.09 TP2= @ 2.21 TP3= @ 2.49 SL= Break below S2
NLong
by ForecastCity_EU
MGL - Uptrend from 995/1000Here, i think that there is a potential upside in MGL (Short position) - 20 Days. The price currently is Rs .1014 and i expect that by 5th February 2020, the price should touch Rs .1092 The trendline has been strong for MGL . If you open the daily chart of IGL , you'll notice that there has been a good support to upward movement. Disclaimer- These are my personal views and not a trading advice. Do your research before trading or investing. I/we are not liable for any loss that may occur. Trading involves high risk and should be done cautiously. (Also, enjoy the process, with every Gain/ (Loss), you get some insights which should be analyzed in detail and taken a note of. Let's grow together as a community and spread knowledge.
NSE:MGLShort
by AkshayIyerr
MGL: Step on the Gas .!MGL has been a star performer and has been fueling some strong upside for the past few weeks. The charts have been steadily forming higher lows indicating possibility of heading higher. The last few days the pullbacks in this counter have been witnessing some buying interest. Yesterday the robust Q2 numbers brought in some cheer and the strong run up clearly highlighted that the positive news produced a strong surge. The prices right now are curbed by the confluence around the 78.6% Fibonacci resistance and the median line. This zone was surpassed during the day but has closed below it. The trends continue to blow positively for this counter as can be seen from the momentum readings. With the RSI continuing to revive from the Neutral Zone we could be looking at this counter from a positive frame of mind. Overall setup indicates potential to move higher hence one can look to buy above 1010 with a stop below 980 for a rise towards 1090. Idea Sourced From NeoTrader trade.chartadvise.com
NSE:MGLLong
by Raja_Chart_Advise
1
There is a possibility for the beginning of an uptrend in GASETHTechnical analysis: . Gas/Ethereum is in a range bound and the beginning of uptrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 38. Trading suggestion: . There is a possibility of temporary retracement to suggested support zone (0.01593000 to 0.01444000). if so, traders can set orders based on Price Action and expect to reach short-term targets. Beginning of entry zone (0.01593000) Ending of entry zone (0.01444000) Entry signal: Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words, NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone. To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons : Take Profits: TP1= @ 0.01860000 TP2= @ 0.02150000 TP3= @ 0.02503000 TP4= @ 0.02687000 TP5= @ 0.03208000 TP6= @ 0.03778000 TP7= @ 0.04347000 TP8= @ 0.06190000 TP9= Free
GLong
by ForecastCity_EU
MGL - Long for 1200MGL should continue its journey to the upward, as the correction in completed Entry : 990 <=> 975 Range Stoploss : 3% (Closing Basis) Basic Target: 1200 if you have any queries regarding above idea or any other stock feel free to D'M Recently,We launched TruStox Community , A community driven platform for Traders with almost all features that a trader needs. Here are some of them:- Regular Study Conferences Collective Fundamental Research Access to Tools from Trader's Toolkit & many more. For More information : Click Here! Note : Trading in any financial market is very risky. We post ideas for educational purpose only. It is not financial advice. Do not hold us responsible for any potential loss you may incur. Please consult your financial adviser before trading.
NSE:MGLLong
by TruStox
There is a possibility for the beginning of an uptrend in GASETHTechnical analysis: . GAS/ETHEREUM is in a range bound and the beginning of uptrend is expected. . The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 51. . While the RSI and the price uptrend in the Daily chart are not broken, Bullish wave in price would continue . . The price downtrend in the daily chart is broken, so the probability of the resumption of an uptrend is increased. Trading suggestion: . There is a possibility of temporary retracement to suggested support zone (0.02500000 to 0.02150000). if so, traders can set orders based on Price Action and expect to reach short-term targets. Beginning of entry zone (0.02500000) Ending of entry zone (0.02150000) Entry signal: Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" in other words, NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone. To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons: Take Profits: TP1= @ 0.03200000 TP2= @ 0.03770000 TP3= @ 0.04340000 TP4= @ 0.05150000 TP5= @ 0.06190000 TP6= @ 0.07290000 TP7= @ 0.08360000 TP8= Free
GLong
by ForecastCity
Short term Swing trading-MGL-ShortMahanagar Gas Limited (MGL) looks bearish for short term. Sell Below: 775 for targets - T1: 736 T2: 721 T3: 705 SL: 813.8 Note: These calls are based on my own analysis. It may or may not work well for you.So please carefully consider whether it is suitable for you and please do your own research before attempting any. The profit/loss made by you due to this call, is solely your own responsibility. Thanks, All the best. Happy Trading. :-)
NSE:MGLShort
by MuthiahM