S/R Marked FIBO Levels Positive CRS EMA Still some parameters need FAR.
MGL has formed a large body candle the previous day followed by a small range DOJI candle on daily timeframe. The price is moving along a rising trend line & price is currently at the trend line. The next candle may give a fine move on any side, either respecting the trend line and breaking above or breaking it below. Long above 1014 Short below 991 Fixed...
Disclaimer: All charts are purely for educational and information purpose only. Invest or Trade at your own risk.
Short at Entry 1 and Entry 2 for the Targets as mentioned. Taking Harmonic Patterns to different dimension and its a very high probability trade. It may reverse between these 2 entry level. Play smart!
sustain above 922 momentum will lead the price to reach 936-938 with sl of sustained candle low sustain below 883 lead the price to reach 872/858 with sl of sustained candle high **Educational purpose only
Red areas are exit point and green was entry and do trailing stop
BUY ABOVE 992 TGT 996/1000/1004 SELL BELOW 937 TGT 933/928/921 Disclaimer : Trade at your own risk
Short MGL below 802 T1: 790 T2: 780 T3: 760 SL: 815
MGL is not looking good, We can short for the target of 1050 / 1030 / 1000/ 960, SL 1090.
NSE:MGL add till 971 with SL of 950 T 1015 1030 1055 TF 10 days
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...
Current levels may act as a resistance... if sustains above more upside possible or else can be watched to initiate a short
A long position can be initiated with the following stop losses for various persona: For ultra safe traderSL could be placed at 907, for a target of 980.