MGL
Mahanagar Gas Daily Chart Bullish Gartley Buy Range 880-960 Target 1085 ....It may test 880 before going up
view 3 months
MGL - Bearish breakoutNote: This is for educational purpose only.
There is a bearish breakout from wedge pattern as well as lower support level. This is supported by high volume. RSI is below 40 which adds to the bearish momentum.
MGL is one good pick to trade on 3rd Jul 2020I have added all the details in the charts please comment anything other than that.
MGL KEY LEVELS POSITIONAL VIEW ONLY TRADE ON BREAKOUTsMGL BUY ABOVE 1090 SL 1065 TARGET 1105-1125
MGL SELL BELOW 1040 SL 1065 TARGET 1020-998
My views are for educational purposes please ask your financial advisory before trading
MGL | BREAKOUT ABOVE 1100Let it break with Good Volume!!
Above 1100, Looks Bullish!
15-30 points can be made through Intraday Trade.
MGL , gas leak !!!!!MGL resistance zone 1060 clear can be seen !!! any action to be played only above this !!!
Buy MGL 1058-1065Technical Trade - MGL reclaimed 50dma and 200 dma recently and since then it has been well. Currently, the price is around 61.8 retracement and today close looks constructive. Nifty is down 200 points but MGL has closed strong with 233% above average volume. If the price continues to move up with good volume, i will enter between 1058-1065
MGL Daily Analysis 17 May 2020S/R Marked
FIBO Levels
Positive CRS
EMA
Still some parameters need FAR.
MGL Inside Bar BreakoutMGL has formed a large body candle the previous day followed by a small range DOJI candle on daily timeframe.
The price is moving along a rising trend line & price is currently at the trend line.
The next candle may give a fine move on any side, either respecting the trend line and breaking above or breaking it below.
Long above 1014
Short below 991
Fixed target: 1% (or the nearest S/R)
NOTE: Trade with confirmation of momentum & volume on lower timeframes in intraday.
MGL Trading SetupDisclaimer: All charts are purely for educational and information purpose only. Invest or Trade at your own risk.
MGL - Harmonic PatternsShort at Entry 1 and Entry 2 for the Targets as mentioned.
Taking Harmonic Patterns to different dimension and its a very high probability trade. It may reverse between these 2 entry level.
Play smart!
MGL short term viewsustain above 922 momentum will lead the price to reach 936-938 with sl of sustained candle low
sustain below 883 lead the price to reach 872/858 with sl of sustained candle high
**Educational purpose only
MGL IMPORTANT LEVELSBUY ABOVE 992 TGT 996/1000/1004
SELL BELOW 937 TGT 933/928/921
Disclaimer : Trade at your own risk
