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.
In the daily chart, MGL has generated a runaway gap. Short term target will be 1200 and it will go 1500 for sure in 5 to 6 months. Make long position guys, we will definitely achieve our target.
Buy At Cmp 1107 Strict SL - 1010 (Weekly Closing Basis) Target - 1450
BOUGHT MGL FROM 1060 RANGE STRONG POSITIVE FOR TGT 1092 - 1124 RANGE
MGL still getting struggle to move up one point need to focus . In the day chart MGL try to record on H&S pattern also one important point is 972 to 955 zone still now gap is ther my view the stock to try to fill the gap and came to 0.618 level which is around 920..
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.
The stock is retesting previous breakout level with lower volume. CMP: 1100 Target: 1224
MGL 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....
BUY AT CMP 1131, STRICT SL - 1056 (DCB), TARGET - 1500
Above 1115 Target 1213-1262-1295 Support at 940 above all important moving average good volumes from last few sessions
Since I have received many queries, traders interested in Intraday Equity Cash & Futures calls/strategies, you can direct message me for further details. Minimum 1:2 risk/reward ratio.
MGL is in the sweetest spot any financial instrument can ever be, Wave 3 of 3. Get ready for explosive upside, stay invested
The 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...
Buy MGL above 1086 Stoploss 1055 Target 1108 and above Study: Formed inverse Head & Shoulder pattern and now stock is consolidating after breakout..