MGL - The stock has short term support at 1180 / 1120 levels - 1260 is a major hurdle if MGL manages to close above 1260 on a weekly closing basis, it might signal a breakout and the stock may head towards 1480 / 1720 Pls note, I do have a bias in this stock (this is my earlier post) The stock has moved exactly as forecasted in the idea above. Hence you...
Note: 1. Views are personal and for educational purposes only. Recheck and take the trade as per your RR. 2. Always remember SL is your lifeline, not the big target... 3.Follow us for more patterns and like, share so that we feel it is helpful to many and share more patterns... 3. Views given here is not a tip rather it is for educational purpose... Aftermarket...
MGL (Daily):- 1226.9 CMP LOOKS GOOD FOR UPCOMING WEEKS :) 1) Breakout Soon :) 2) Wait For Volume
Near its multi year resistance level. A breakout above these levels can be a good buying opportunity.
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