Long in MGLCurrently expecting a bounce from the CMP with target and SL marked in the chart.
Note: Not a buy recommendation.
MGL trade ideas
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
Look how bearish divergence from yesterday worked today in MGLNSE:MGL
I have posted this in my earlier post for MGL.
BearishDivergence.
Hope you were on the right side today. (14-07-2021)
In starting of today it was a bull trap.
It is always to remember that never chase a long upside or long downside move in stock at the beginning of trade. 85% chances are there that it will reverse.
Though the target was small on the sell side from the given level, but it worked on the technical analysis.
Some might have short it from the higher level or top.
Some might have been trapped in the bull trap.
Always trade on levels. It will be always a safe trade. Avoid Trade tomorrow in MGL.
If you have any doubts/comments, do comments below.
MGL looks promising to sell below 1182NSE:MGL
Today MGL RSI shows bearish divergence. Couldn't break the 1190 resistance levels.
Stock was trading sideways and with a bit higher high formation but the RSI was making lower highs. This is a sign of weakness in stock.
Stock is not ready to go up at this moment. One correction is still required.
Keep tracking of this stock for tomorrow as MGL looks promising to sell below 1182. Target level are marked in Green line. But don't forget to keep stop loss at 1190 level.
MGL for a swing - Mean revision at 200EMA - Trading in channelThe stock is trading in a channel and currently is at the lower end of the channel .
This stock is also in a mean revision area & has bounced off its 200 EMA.
I am expecting a 11-12% move in this ticker.
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 ******
Mahanagar Gas; BULLIISH OUTLOOKAnalysis:
1) Stock is trending upwards with repeated higher lows along with higher highs.
2) MACD histogram divergence has formed which is considered very bullish.
3) Stock is at very strong support from which it has previously taken support and resistance .
Disclaimer: These analysis are only for educational purposes only. You are responsible for your own actions.
Mgl Ltd. D Chart for Swing TradeThis is the daily chart of Mgl ltd. The stock is currently on the bear side.. But its support standing around 1100 to 1108. it is capable of touching 1280 to 1300 levels. And it might give breakout if it crosses the resistance with good volume.
MGL broke long term resistance.Wait for a weekly close above the level.
Safe traders can wait for the candles to retest.
Keep strict SL
Study the chart and trade.
MGL Looks Good !MGL : cmp : 1265.8
A rounding bottomkind of pattern has been formed in weekly chart,
trading near the resistance zone of 1280.
If surpass & sustains above the lvl.A fresh buying move possible.
TGT 1298/1326
Sl 1243 clbs
Disclaimer: Ideas for learning Only.
Learn Regularly. Not occasionally.
A Professional Out Look I am updating this for benefit of Many as Many DM have come on this script , One can understand the trend is about to end once price tags 1275+
so current holdings you book using trailing exit methods , and then You can Look to trade in Futures when it gives a Short sell set up
Good luck
MGL - Gator Oscillator Indicator Usage Example As it also triggers "Sell Signal" as per the theories of Price Signal. You can also see how the Alligator Oscillator indicator tells you to enter a position during the indicator's awakening phase, hold it through the eating phase and exit it during the sated phase.
This indicator is a good alternative to the MFI indicator We use in the Entropy setups or any intraday momentum strategy.
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- Stock is trading in the cup and handle pattern.
-Stock break and sustain above 1278 Next level to 1400/1450/1550 levels .
-Support is near 1150 level on chart.
are u ready for mahanagar gas?please manage your sl properly and ,only study and practice perpose . im not sebi regiter I AM COMMON man
