MGL diwali pick for tp 3500-4000MGL diwali pick for tp 3500-4000
strong fundamental stock for this diwali to coming diwali
Mgllong
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 - Accumulation breakout possibleStock accumulating in a range now for past 10+ days
Range breakout upside possible if market and sector supports
All accumulation happing wid low volumes
Keeping on radar for bullish side
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 Analysis Stock has retested it's support zone, may go up in coming trading sessions, follow chart for proper support and resistance levels.
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 : 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
Like , Share & follow for more such Analysis
Keep Learning & Keep Growing
MGL LONGMGL LONG VIEW
Beautiful chart pattern forming rounding bottom. Formed triangle and retraced back successfully . Now expecting a good move after 900.
tgt - 964 - 1024 - 1260 with short to medium term view.
No recommendation. Just view.
MGL Wedge pattern on Daily TimeframeMGL likely to trade in between this wedge pattern before breakout or breakdown.
Trend mostly indicate breakout but downward retracement is expected as per RSI
MGL Resistance BO !!NSE:MGL
#NSE:MGL trading @ Resistance and BO, now retracing, Possible movements marked on chart,
Retracement might continue and bounce. Potential levels updated.
850 CE given to our friends and bagged very good profits(5X Profits), still have very good potential.
(Reason for giving 850CE, TL BO, Cup& Handle BO) Multiple confirmation taken in to consideration.
check my signature column for details.
Long MGLShort to Long term Pick.
Stock is at cheaper price at Monthly Demand Zone.
Entry already active. Hovering around the monthly zone. Accumulate in minor quantity in ranges 700 / 660 / 617.
Stop loss will be weekly close below 590.
Good to hold for a target of 819 / 883 / 1000.
Long term tgts of 1105 / 1200 +
MGL @ 829 target 860/890 soonMGL @ 829 is trading near its support of 810/820. Gas section is already booming and its supported by the open interest buildups in the stock.
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
MGL longMGL has been forming higher highs and has been taking support on the trendline. And now again it is back to its trendline and formed a reversal bar on the weekly timeframe. The target would be 20% from the cmp.
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.
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
BREAKOUT MGL 1200Monthly resistance break,
It will give a strong move if it breaks the Resistance of 1200.
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.
Buy MGLMGL have formed upper channel on daily charts which is indicating a positive movement and stock today turned from lower trend line, results are tomorrow one can trade for short term returns
Mahanagar Gas Ltd - FO BreakoutMGL after a big up move, taken a big retracement and now again started to take bullish reversal, so give an entry with appropriate Stop loss
Aggressive traders enter at the breakout and conservative traders may give entry after retracement
After reaching our targets, trail your stop loss to get maximum profit from the stock in a single trade
🔴DISCLAIMER
***** It's just for an educational purpose and so you must also follow your own technical analysis before taking up the trade ******
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
