👉 #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 Like , Share & follow for more such Analysis Keep Learning & Keep Growing
Hello, 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...
NSE: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. ------------------------------------ ...
1) 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
Buy At Cmp 1107 Strict SL - 1010 (Weekly Closing Basis) Target - 1450
BUY AT CMP 1131, STRICT SL - 1056 (DCB), TARGET - 1500
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
Upside movement expected BUY CMP Mentioned in chart, FOLLOW