FOLLOW PAY HEED TO T-BAR GOODLUCK
MGL is forming what appears to be an inverted Head & Shoulders pattern on Hourly time frame. Initiate long. Target : 1025 Stop Loss : 905
If MGL Breaks The Next Day, There Will Be a Huge Movement.
As per the current structure it seems the prior correction is going to be completed in 1 0r 2 days. There is a formation of ending diagonal. One should buy the stock in the range of 860-65 keeping the stop loss at 845 for the target of 950 & if it hold then 995.
Hi guys this is Trader Kanishk MGL Analysis Points discussed : Why to go long has it taken support trendline breakout new support levels new targets new stoploss levels entry levels for sharp entry and many more. Please Watch the entire video and GO for It DISCLAIMER Every thing i have discussed in this video is only for educational purpose, do not consider...
You can go long since the weekly and monthly trend is seem to be bullish
levels mentioned on chart
Buy Range 880-960 Target 1085 ....It may test 880 before going up view 3 months
Upside movement expected BUY CMP Mentioned in chart, FOLLOW
Note: 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.
Follow for latest updates Buy @ 1010 Targets- 1016, 1020
I have added all the details in the charts please comment anything other than that.
MGL 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
Let it break with Good Volume!! Above 1100, Looks Bullish! 15-30 points can be made through Intraday Trade.
MGL resistance zone 1060 clear can be seen !!! any action to be played only above this !!!
Technical 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