MGL CMP 1070 - sustaining above 1080, doors would open up for a move towards 1208 / 1396 pattern gets invalidated if weekly close is below 1033 Take care & safe trading...!!!
looking strong above -1185 for the targets of 1199 and 1214, with sl -1175 Weak below 1165 , targets - 1151, 1136 , sl -1174 Null and void if opens big gap up or gap down.
MGL looks good for short term Currently at strong support base & a support of trendline aswell Breakout & retracement is done in stock View negative only if close below 1075
* Trendline * Range Breakout above 1138 #KeepItSimple
MGL seems may give breakout from triangle on daily tf
All important zones marked on chart very clearly, you can easily identify the support and resistance levels of MGL it faced over the time period. My personal view is for upside breakout but will wait for the confirmation as markets moves with setup and price action not on our thinking and mindset. So even I am expecting MGL to move upside till 1230-1250 before...
MGL (Monthly):- BREAKOUT ABOVE 1350 FOR 2100 Invalid Below 1100
MGL seems to be bouncing off its trendline as indicated. Strong support for the stock. Go long here. Please like and follow. NSE:MGL
MGL Weekly chart is at the breakout level of a supply zone. TL breakout is already done. A safer entry would be after the supply zone is broken with a good bull candle.
good move seen on chart,going to break weekly resistance & if sustain to do that may hit ATH too in coming days,it's just view..
Gas price in market and infra push will make all gas companies drive like crazy in the market, Charts are clearly on breakout levels, something big is coming in this company my personal tgt 1350 soon sl will 1170
Please check the chart for correct levels.