mglview

rommy5

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...

FERMIANISH Updated 

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

Akashyadav92 Updated 

All important zones marked on chart very clearly, you can easily identify the support and resistance levels of MGL it faced over the time period. My personal view is for upside breakout but will wait for the confirmation as markets moves with setup and price action not on our thinking and mindset. So even I am expecting MGL to move upside till 1230-1250 before...