MGL is ready for breakout Double bottom in higher time frame also in smaller time frame, strong support safe trade can buy after breakout risky trader you can buy now
MGL
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
MGL looks good at CMP 814 for higher targets of 950+ SL 750/-It has given a nice breakout with huge volume. Looks big buying is happening. One can enter with small SL for much higher Risk Reward.
MGL Resistance BO !!NSE:MGL
#NSE:MGL trading @ Resistance and BO, now retracing, Possible movements marked on chart,
Retracement might continue and bounce. Potential levels updated.
850 CE given to our friends and bagged very good profits(5X Profits), still have very good potential.
(Reason for giving 850CE, TL BO, Cup& Handle BO) Multiple confirmation taken in to consideration.
check my signature column for details.
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.
# Cloud Trading
# Ichimoku Cloud
# Ichimoku Followers
I hope you all like my analysis.
Please do share your thoughts into comment section.
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MGL KEEP EYE ON MGL (CMP 846 looking Good For 4/5 Days Holding :)
BIG MOMENT COMES AFTER 856 CROSS 🤞
INVALID BELOW 810 CLOSED
MAHANAGAR GAS LTD CAN GIVE BULLISH BREAKOUTMAnahabagar gas Ltd again resisted on a resistance level of 805 It can soon break that trendline and can go targets of 840 and 900 respectively
Company's quarter results and net profits revenue also indicate for a short term but.
MGL short term buyMGL trade possibilities for buy.
Weekly sideways.
Travelling from day support to day resistance.
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
Comment Below If You want to ask me questions on this on any other idea .
Based on Your Own Risk this is only to Show you the Current Pattern .
We are not responsible for any profit or loss .
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MGL - 11th May 2022Long Term View
Stock at Multi-Year Support Levels of 770-650.
Value Buying can emerge around these Levels.
mahanagar gas limited05/04 educational purpose only
buy on dips
sl below 790.35
targets around 850 / 890
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
MGL @ 800 facing crucial resistance at 800Risk reward for shorting is good, the stock was in Bear grip for long time now and given a pullback to crucial resistance of 800, hence can be shorting can be done for targets 780/750 levels
#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
----
Note:
Above levels are for education purposes only
Do your own analysis before taking any trade
MGL future***educational purpose only
call on 15 min chart
can sell, cmp 754.60
SL above 758.50
target below 725
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.
MGL perfectly respecting support levelMGL perfectly respecting decending channel pattern and support level. 38 percentage correction already done. Do watch for potential break out.
MGL case studyCounter is trading around good support zone,,
let see if demand zone is respected or not
