MGL diwali pick for tp 3500-4000MGL diwali pick for tp 3500-4000
strong fundamental stock for this diwali to coming diwali
Mglanalysis
Medium term trading opportunity in MGL for > 20% upsideHi,
NSE:MGL has given a Bullish Flag Breakout on Weekly charts with very good volume.
MACD is also on the bullish side on Weekly time frames. RSI is also on the bullish side on daily, weekly and monthly time frames.
In the current market scenario, I am expecting that the bullish momentum will continue.
Complete price projection like entry, stop loss and targets mentioned on the charts for educational purpose.
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MGL - Bullish1880 - 1900 Strong resistance can now turn into support
Breakout has happen with strong volumes
Expecting a small pull back before rallying further
1980 can act as an SL area
MGL - BearishAt strong supply area
May start a retracement journey downwards soon
Expecting 1800 - 1740 soon
1880 strong resistence
MGL- BUY (SWING TRADING)MGL-BUY swing trading technically good level at buying.
fundamentally strong company in ongc and power sectors.
MGL Flag and Pole pattern We can see MGL 1500 in upcoming days as per my analysis .
at least this share can make a new high ..cheers.!
MGL SWING Trade Long As shown in the chart drawing study I predict my study to be right in future
Disclaimer - This is not a Stock recommendation.
Investments in securities are subject to market risk. The value and return on investment may vary because of changes in interest rates, foreign exchange rates, or any other reason.
It's an educational post for analyzing, learning & discussing general and generic information related to stocks, investments, and strategies.
watch MGL for massive for 1 day move in coming weekNSE:MGL #MGL has become sideways at previous high level/previous resistance on daily timeframe and it is trading in the same range in which it was stuck before crashing massively,
if MGL crosses 1030 level or opens above it, we might see a sudden rise of 5%+ move in a single day ,
ih it goes below 1000 again, we might see downside move again, watch both levels closely for breakout
#MGL Analysis Stock is near to complete round bottom pattern and its BO, watch out entry level and target.
MGL : Positional Call👉 #MGL : Weekly Chart
📌 Positional call : (3-6 Months)
>> Ascending Triangle Breakout with Volumes
>> Buy @cmp or near Supply zone if it Retraces
>> Good Strength & Volumes in Stock
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MGL CHART ANYLYSISMgl At Daily Time Frame Stuck on Resistance which is previously acted as Major Support
If 15Min Candle can Break This Resistance and Hold To Support Will See The Big Trend In Next Session,
MGL FOR LONGTERM INVESTMENTHI TRADERS.,
1. overall MGL stock traded in sideways trend last 3 years ..,now MGL traded in bottom of the sideways zone (accumulation zone).,
2. usually big players accumulate stocks at zone areas.., once done that accumulation it will start trending
3. its for long term investment
buy at current market price target of 1250
stop below 680 weekly close basis
4.target period 6 - 8 months
MGL LONG-TERM SWING TRADEHello, mgl long-term swing trade buy: 800 targets: 854/963/1,075 stoploss: 837.
LOGIC BEHIND TRADE: Stock has formed W pattern on 1D chart & given breakout of dynamic trendline resistance & static resistance breakout buying strategy, (targets identified from harmonic xabcd/abcd pattern level 2.0/1.618/2.272) stoploss is taken previous swing low. Stock looks soild for long-term swing trading. NSE:MGL
BUY MGL MGL looking for a good buy @ 1010 or below the price for upper marked targets on the chart until 970 is intact on the closing basis.
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Happy Trading!
InvestPro India Team
Simple Trade Setup| MGL | 30-08-2021NSE:MGL
Observation:
1) On Daily time frame It took perfect reversal from 200DMA with good green candle. Now next hurdle for this stock will be 1140-1150 critical zone.
On breakout of this range it will be good bullish till 1200 level. 1200 is another major resistance.
Please refer below chart : daily time frame.
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Trade Setup for Date 30-08-2021:
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level tomorrow.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
MGL is on perfect spot for long side1) Today's Closing is second highest closing ever, volumes are not super duper but highest after 26th of May.
2) RSI is in upside mood.
3) MGL is making rounding bottom(clearly in weekly chart)
4) Market Support
Monday Possibility 1) Rounding bottom breakout
2) Lifetime high breakout can not be neglected
MGL "INVERTED HEAD & SHOULDER" BREAKOUTBuy At Cmp 1107
Strict SL - 1010 (Weekly Closing Basis)
Target - 1450
MGL is waiting for Breakout(Add in watch list)In MGL daily chart once it close above 1100 it can achieve 1226-1331 range in quick time.
--> Let the breakout happen
--> 1023-976 is immediate support range
