MGL- BUY (SWING TRADING)MGL-BUY swing trading technically good level at buying.
fundamentally strong company in ongc and power sectors.
Mglbullish
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 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
