Mahanagargas
MAHANAGAR GAS Ltd. Trading SetupNear its multi year resistance level. A breakout above these levels can be a good buying opportunity.
MGL - for 31.05.2021looking strong above -1185 for the targets of 1199 and 1214, with sl -1175
Weak below 1165 , targets - 1151, 1136 , sl -1174
Null and void if opens big gap up or gap down.
MAHANAGAR GAS LTDBUY WHEN 15MIN CANDLE CLOSES ABOVE 1200 WITH GOOD VOLUMES.TARGET 1- 1225 TARGET 2-1254 STOP LOSS-1270
Wait for Signal in MGL ! Entry as per marked levelsAll important zones marked on chart very clearly, you can easily identify the support and resistance levels of MGL it faced over the time period.
My personal view is for upside breakout but will wait for the confirmation as markets moves with setup and price action not on our thinking and mindset.
So even I am expecting MGL to move upside till 1230-1250 before this month expiry if overall market supports but still I will rely on the price action and strictly follows the same and enter only if it moves in either direction and giving us the breakout of one of the trendlines.
This is my personal view and might doesn't work for you or even for me therefore consult and review before entering taking any trade and also glad to hear your view for this setup or anything which i missed out in the setup.
Trade Wisely!
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 ready make good moveGas price in market and infra push will make all gas companies drive like crazy in the market, Charts are clearly on breakout levels, something big is coming in this company
my personal tgt 1350 soon sl will 1170
MGL - SwingStock broke trendline twice in Intraday however couldn't close above it on weekly basis. Weekly candle close above TL can give targets of 1290, 1375.
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 Long...Above 1115
Target 1213-1262-1295
Support at 940
above all important moving average
good volumes from last few sessions
MGL is waiting for Breakout(Add in watch list)In MGL daily chart once it close above 1100 it can achieve 1226-1331 range in quick time.
--> Let the breakout happen
--> 1023-976 is immediate support range
MGL will shoot like a BULLET.In the daily chart, we can clearly see that MGL has formed a cup and handle pattern and ready to break that pattern. My target will be 1150. Take long positions guys, we will definitely achieve our target.
Chart 5: MGL is at demand zone, can go long in dips till 780MGL also looking good for targets 1074, sl DCB 780.. Holding period max 3 months..
MGL POSITIONAL BUY ABOVE 845MGL BUY ABOVE 845
TARGETS: 854, 863, 870, 875, 879, 884
Posting for Educational purpose only
Closing Basis means stock need to trade above 845 between 3:20 ~ 3.30 PM
If my analysis appears OK then please LIKE, FOLLOW and SHARE to get more future ideas
MGL LOOK OUT FOR THESE LEVELS!!! ALL THE LEVELS ARE MARKED ON CHART; FALLING WEDGE PATTERN IN HIGHER TIMEFRAME.
SELL NEAR THE RED ZONE IF REVERSAL CANDLES ARE FORMED ON THE ZONE/ NEARBY THE ZONE
MIGHT GET SOME SUPPORT FROM 50 DAILY EMA OR THE GREEN ZONE(1275-1285) AND COME BACK INTO THE CHANNEL.
The indicator used:
1) Daily Lines plots Daily 20 & 50 EMA on lower time frame charts
2) TE REKAB -> PB: PULLBACK
If you like the analysis, do leave a like and follow for more such content coming up.
The analysis is my POV, hope you got bucks in your pocket to consult a financial advisor before investing :P :)
HAPPY TRADING!!
MGL - Potential Inverted Head and Shoulders PatternMGL is forming what appears to be an inverted Head & Shoulders pattern on Hourly time frame.
Initiate long.
Target : 1025
Stop Loss : 905
MGL go long with 10% targetHi guys this is Trader Kanishk
MGL Analysis
Points discussed :
Why to go long
has it taken support
trendline breakout
new support levels
new targets
new stoploss levels
entry levels for sharp entry
and many more.
Please
Watch the entire video and
GO for It
DISCLAIMER
Every thing i have discussed in this video is only for educational purpose, do not consider this as a tip, or i am not saying you to buy or sell the stocks. This is all upto you. I am only sharing my analysis and views up to you. Trading is risky, so manage your risk reward before getting enter into any position.
One more very important thing
Guys let me tell you that i am a trader and a trader have a winning probability of 50-65% no any trader is there who have a winning ratio of 100% . Who says you that i am having a 100% winning strategy then F**k these type of people and try to be correct only 50 - 60 % of time which will give you a lot of money if you properly follow the risk reward ratio .
Mahanagar Gas Daily Chart Bullish Gartley Buy Range 880-960 Target 1085 ....It may test 880 before going up
view 3 months
MGL - Bearish breakoutNote: This is for educational purpose only.
There is a bearish breakout from wedge pattern as well as lower support level. This is supported by high volume. RSI is below 40 which adds to the bearish momentum.
