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MGL

MGLMGL:- If the stock breakouts from the trendline, it can show an upside moment. Keep an eye on the stock. Hello traders, As always, simple and neat charts so everyone can understand and not make it too complicated. rest details mentioned in the chart. will be posting more such ideas like this. Until that, like share and follow :) check my other ideas to get to know about all the successful trades based on price action. Thanks, Ajay. keep learning and keep earning.
NSE:MGLLong
by AjayDhakad_Keep_it_simple
MGL - Long Setup, Move is ON..NSE:MGL ✅ #MGL trading above Resistance of 1075 ✅ Next Resistance is at 1241 Related charts: Charts are self-explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined. Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
NSE:MGLLong
by Sandeep_Aggarwal
MGL Rising wedgeMGL has given a good breakout above 930 two weeks back, however post breakout follow through is missing and price has started showing weakness due to absence of any follow through, and is facing resistance in 50 to 61.8% fibo pullback zone from June 21 high to June 22 low. Chart is also showing a rising wedge formation on weekly timeframe, and current weekly candle has closed below the doji of previous week's low which is also a sign of bears taking control of this after the breakout. If the price start sustaining below and even breaks down support trendline then it can even correct upto 850 and below levels.
NSE:MGLShort
by aktradelearning
MGLMGL:- Rounding bottom pattern is formed, stock is about to give breakout after 1 and half year, if breakout occurs then we can see upside movement, till then keep your eye on stock Hello traders, As always, simple and neat charts so everyone can understand and not make it too complicated. rest details mentioned in the chart. will be posting more such ideas like this. Until that, like share and follow :) check my other ideas to get to know about all the successful trades based on price action. Thanks, Ajay. keep learning and keep earning.
NSE:MGLLong
by AjayDhakad_Keep_it_simple
IGL: On the verge of breaking outIGL - Since Nov 28, the stock has seen some consolidation at current levels - 21 day EMA and 63 day EMA are at 430 and 415 respectively - Once above the red resistance zone, the stock can potentially move towards 480 / 502 levels Depending on your risk appetite and time horizon, you can use the 21 day EMA or 63 day EMA as SL Take care & safe trading...!!! Like and share if you find the analysis helpful Disclaimer - The view expressed here is my personal view - Past performance is not a guarantee for future predictions - Use this for educational purpose - Any decision you take, you need to take responsibility for the same - It's your hard earned money. Treat it wisely - Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance - if trading in F&O, understand that F&O trading involves risk - Do take proper risk management measures - Do your own analysis and consult your financial adviser if need be
NSE:IGLLong
by indiamarketoutlook
MGL: Technical Analysis at it's best😀MGL Day before yesterday when markets looked difficult, charts indicated that MGL is at Support and that odds are in favor of going Long... In 2 days the stock has rocketed and even in an overall down market this stock is holding up firmly... Note this is not any recommendation now. Just to showcase how technical analysis can improve our trading....!!! The original idea despite being spot on... has no Likes 😒 Do Like, Follow and Share🙏🙏
NSE:MGL
by indiamarketoutlook
1
MGL: Will previous Resistance act as Support?MGL - The zone of 780-800 acted as resistance in the month of June and July - it broke past its resistance in Aug and made a high of 925 - now it is back to 780-800 zone On charts, Risk::Reward ratio looks favorable to go long With a SL at 755 on closing basis, one may look to go long in the stock Buy zone: 780-800 Time frame: Medium to long term perspective Target 920 / 966 / 1030 __________________________________________________________ F&O strategy Alternatively one may consider to sell 27 Oct expiry 750 Put option The strategy has a profit potential of 10% - 11% and provides protection for a fall up to 734 Take care & safe trading...!!! Disclaimer - The view expressed here is my personal view - Past performance is not a guarantee for future predictions - I have been wrong in the past and can be wrong again in future too - Use this for educational purpose - Any decision you take, you need to take responsibility for the same - It's your hard earned money. Treat it wisely - Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance - if trading in F&O, understand that F&O trading involves risk - Do take proper risk management measures - Do your own analysis and consult your financial adviser if need be
NSE:MGL
by indiamarketoutlook
MGL long opportunityNSE:MGL Stock -> MGL TimeFrame -> Weekly Hello all! MGL has been swinging within the price band of 700-1200 since October 2016. It came back to its support, consolidated there for a while, and then made a strong bounce back. This I believe makes for a good opportunity to go long! The bounceback had heavy volumes as can be seen in the chart. Also, the stock has closed above its 50-week EMA which is a sign of bullishness. The stop loss here is minimal compared to the Reward which is near 1100-1200 levels. *NOT A CALL* #nifty #mgl #swingtrading #technicalanalysis
NSE:MGLLong
by Traders_Town