MGL
MGL continue its bullish rally towards the target 1197+ After the breakout of the ascending triangle pattern in this stock, we have seen correction up to the breakout level which is acting as support. Can go long if sustain above 1130 for 1197+ target in upcoming trading sessions.
MGL chart structureMGL chart indicates the important trend-line.
There were two ocassions when the trendline was crossed over, once on the upside and once on the down side. On both occasions the moves were pretty decisive.
Now, MGL is back at that trend-line and this time from the down side which means it's a possible resistance.
Keep this on radar and trade the direction.
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NSE:MGL
MGL Long...Above 1115
Target 1213-1262-1295
Support at 940
above all important moving average
good volumes from last few sessions
MGL - 50% upside - Wave 3 of 3MGL is in the sweetest spot any financial instrument can ever be, Wave 3 of 3.
Get ready for explosive upside, stay invested
MGL- BREAKOUT AND RETESTThe whole gas distribution companies are starting a bull run. So either MGL or IGL, hope everybody can make a lot of money with them
Note:
Avoid the stock if a big gap up or gap down is seen
Enter after the breakout happens and not before it
Do not chase the market, i.e., do not get involved in late entries
Only enter with strict stop-loss and target
This is not a recommendation and is for educational purposes only.
always follow risk-reward and quantity management for the 100% of the times
The above mentioned idea may not work, so beware of the risk you are taking
Follow me to Learn and Earn with me.
Happy Trading!!
Buy MGL
Buy MGL above 1086 Stoploss 1055 Target 1108 and above
Study: Formed inverse Head & Shoulder pattern and now stock is consolidating after breakout..
IGL may give the next breakout about 510IGL has been consolidating in the 480-500 Range for last few weeks and it has very well shown the strong support in the 480 range .
if IGL moves above 510 on CLB with good volumes then a it would be a good candidate for a long position above 510 with SL @ 480
#Please consult your RA or Investment/portfolio advisor before taking any trade and do follow correct position sizing and Risk Management
MGL - CNH - RandomMGL - CNH - 11 Dec 2020 - 1059.20 - Random
Buy above 1090.
SL 990.
TGT 1130 / 1200 / 1400
BUY MGL
There is good opportunity to gain from short term fluctuation and last day's candle was bullish.
Target = 1249
Stop Loss = 1038
MGL will shoot like a BULLET.In the daily chart, we can clearly see that MGL has formed a cup and handle pattern and ready to break that pattern. My target will be 1150. Take long positions guys, we will definitely achieve our target.
MGL at it major support, Buy at 778 long term MGL has been taking support between the prices 743 and 766.
The price range between 743 and 766 has been acting a major support
for MGL , The price is again at its support level.
So will be looking at going long on MGL.
Entry : 778
Target : 957/1094/1200
Stop loss : 665
Chart 5: MGL is at demand zone, can go long in dips till 780MGL also looking good for targets 1074, sl DCB 780.. Holding period max 3 months..
MGLTrendline and the specially designed volume action analysis suggest a BULLISH run on the MGL.
The background with light green color are indication for bulls taking the position and the Light red background suggest Bears are dominating in the region.
This is my NEXT week analysis on MGL support line are there with good volume supporting the bullish view.
will give follow back to all the followers.
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**DISCLAIMER
There is a very high degree of risk involved in trading. Past results are not indicative of future returns. I assume no responsibilities for your trading and investment results. The indicators, strategies, columns, articles and all other features are for educational purposes only and should not be construed as investment advice.
MGL POSITIONAL BUY ABOVE 845MGL BUY ABOVE 845
TARGETS: 854, 863, 870, 875, 879, 884
Posting for Educational purpose only
Closing Basis means stock need to trade above 845 between 3:20 ~ 3.30 PM
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