Here, 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...
NSE:IGL levels for friday.. keep eye on this post as i'll gonna update stoploss, once our call executed
Long Mahanagar Gas above 1075 for the Target. Target 1: 1149 Target 2: 1239 Stoploss: 1055
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...
Hare Krishna !, Hope you had followed my sell idea on ONGC yesterday and would be in good profit. for those who did not , no despair..an intraday opportunity may show up in the day. Even if you use any other method you can make money as the BIAS is sell side and target is 119. to understand the indea please visit the related ideas link below for details fell...
Short NATGASUSD at CMP (2.17) T1: 2.13 T2: 2.095 SL: 2.19
Technical 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...
MGL 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...
Pole flag breakout formation
NATGASUSD after a strong bullish move is currently at resistance. It could face a strong resistance in days to come until it breaks above $5.1
Technical 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...
Inverted H&S for target of 40 point in Mahanager Gas.
Mahanagar 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...
As last week, I am taking measure of double zero 3.000 to function as a resistance. However, Please be aware that the low price is rising and it is a price move that has not given up trying to penetrate double zero 3.000 above. But, at the moment, I consider a short as judging that double zero 3.000 has functioned as a resistance. << tactics >> 1) It was judged...
IOC is taking a support at ~387 thought difficult to get a actual support line. But based on the chart this was a Resistance level and now is acting as support. For the short term the tops are getting lower and lower. The wedge formation has to end. the wedge started with a upward move hence it should move up once the wedge is over. Also rising oil prices is...
A Bullish Harami Cross pattern has been observed in daily charts of ONGC stock. It is a good bullish reversal pattern, which is even more significant than a regular Bullish Harami. Recognition Criteria 1. The market is characterized by a prevailing downtrend. 2. A red body is observed on the first day. 3. The Doji that is formed on the second day is completely...