MGL - Bullish1880 - 1900 Strong resistance can now turn into support
Breakout has happen with strong volumes
Expecting a small pull back before rallying further
1980 can act as an SL area
Mahanagar
IS MGL GOING TO HOLD THIS SUPPORT?MGL took support from this zone again and If the support zone doesn't break MGL may touch the upper yellow line in upcoming Trading sessions.
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Happy Trading!
InvestPro India Team
Look how bearish divergence from yesterday worked today in MGLNSE:MGL
I have posted this in my earlier post for MGL.
BearishDivergence.
Hope you were on the right side today. (14-07-2021)
In starting of today it was a bull trap.
It is always to remember that never chase a long upside or long downside move in stock at the beginning of trade. 85% chances are there that it will reverse.
Though the target was small on the sell side from the given level, but it worked on the technical analysis.
Some might have short it from the higher level or top.
Some might have been trapped in the bull trap.
Always trade on levels. It will be always a safe trade. Avoid Trade tomorrow in MGL.
If you have any doubts/comments, do comments below.
MGL looks promising to sell below 1182NSE:MGL
Today MGL RSI shows bearish divergence. Couldn't break the 1190 resistance levels.
Stock was trading sideways and with a bit higher high formation but the RSI was making lower highs. This is a sign of weakness in stock.
Stock is not ready to go up at this moment. One correction is still required.
Keep tracking of this stock for tomorrow as MGL looks promising to sell below 1182. Target level are marked in Green line. But don't forget to keep stop loss at 1190 level.
MGL Intraday Trade | March 17th 2021The stocks looks good to Short near 1200 levels for tomorrow as an Intraday Trade.
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
MGL a perfect buy for short term as well as longtermIn the daily chart, MGL has generated a runaway gap. Short term target will be 1200 and it will go 1500 for sure in 5 to 6 months. Make long position guys, we will definitely achieve our target.
MGL is one good pick to trade on 3rd Jul 2020I have added all the details in the charts please comment anything other than that.
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
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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.
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. :-)
