pinbar+ rsi bearish divergence sell below 944 sl 961 tgt 937-931-925++
SL 808 as per you risk management Buy above 812 Targets 820, 825, 830, 835, 840, 845, 850, 855, 860
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...
NSE:MGL MGL Ltd : Morning star chart patter on weekly chart which is a bullish and strong reversal setup. If starts trading above Friday high then we can expect good upmove in coming week ahead.
MGL CMP 967 If you have been following us and seeing our coverage on MGL, we have been in it since 860 odd levels... Link to our previous post Nothing spectacular here so far but the ride has been smooth and easy without panic attacks to say the least and importantly The stock has done a 10% + movement achieving T1 & T2 quite comfortably. (It is like...
MGL CMP 905 In our previous post we had recommended MGL for a buy around 860 for target of 920 and it worked to perfection to the point making a high of 919 Looking at the charts again we observe - price action holding on to the gap zone between 902-868 - 20 day EMA crossover above 50 day EMA in late November- early December 2018 - thereafter re-test...
MGL CMP 873.5 The stock can be considered at CMP and on dips towards 860 for initial Target of 920. Keep a Stop loss if closing below 845 Take care and safe trading...!!!!
MGL sell Below 834.60 Stoploss - 855 Target - 756 Risk - 2.42% & Reward 9.42% RR Ratio 1 : 3.90 Reversal or Continuation Pattern Rising Wedge Prices are moving upward, forming higher highs and higher lows, but the price is confined within two lines which get closer together to create a pattern. This indicates a slowing of momentum and it usually precedes a...
risk reward better on long side technically !
MGL CMP 853 We observe a trade pattern here where the stock traded in a channel earlier (highlighted by red colour). And now we see the stock consolidating again in a replica of previous channel. The idea is to look for buying opportunities near channel bottom, thereby reducing our risk and increasing our reward potential. If we look at the chart on a longer...
Enter Short in MGL below 952 Target - 947, 942 & 934 Sl - 963