MGL - Ichimoku Bullish Breakout Stock Name - Mahanagar Gas Limited
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 864
#This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market.
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# Ichimoku Cloud
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MGL
Mgl will it inverse the trend nowIf Breaks Then The Targets could be Taken at 841 .
Time Frame :- 1 Day
Patterns Name :- Inverse Head and Shoulders
Symbol Name :- Mgl
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MGL LONG-TERM SWING TRADEHello, mgl long-term swing trade buy: 800 targets: 854/963/1,075 stoploss: 837.
LOGIC BEHIND TRADE: Stock has formed W pattern on 1D chart & given breakout of dynamic trendline resistance & static resistance breakout buying strategy, (targets identified from harmonic xabcd/abcd pattern level 2.0/1.618/2.272) stoploss is taken previous swing low. Stock looks soild for long-term swing trading. NSE:MGL
#StockMarket #StockIdeas #StocktoWatch #StockToBuy #positionalMGL
Stock after correction making Falling wedge pattern & now in Darwas box trapped
Buy above levels 797/800 DCB
With SL of 755 for positional targets of 835/850 levels
In short term view
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Note:
Above levels are for education purposes only
Do your own analysis before taking any trade
MGL shortTrade stratergy
* Overall market was trading near the monthly support zone. and also market broken the demand zone in weekly time frame.
* In day tf, market reach all fib extension levels, possible to retracement happen or continue the trend. but, market start the retracement and also continue the down trend.
* How i identify the retracement completed?
In Hr tf, market turns the trend to down trend.
📊 Mahanagar Gas LTD 🎯NSE:MGL
Safe levels To go long on Mahanagar Gas LTD ( MGL ) is still quite far it mas reverse from current levels as well but enter from safe levels is always good.
******whatever charts or levels sharing here or on any other platforms are just for educational purpose only, Not A Recommendation To Buy Or Sell. Please do your own analysis before taking any trade on them. We are not SEBI registered.