MGL trade ideas
Buy MGL
Buy MGL above 1086 Stoploss 1055 Target 1108 and above
Study: Formed inverse Head & Shoulder pattern and now stock is consolidating after breakout..
MGL - Ascending Triangle PossibilityMGL:
Ascending Triangle Breakout Possibility
Long above 1088 with a SL 1079
In resistance zoneMGL is back in multiyear resistance zone.
If closes above 1090 then new highs will come.
Let's see if it crosses or surrender again in this zone
MGL - CNH - RandomMGL - CNH - 11 Dec 2020 - 1059.20 - Random
Buy above 1090.
SL 990.
TGT 1130 / 1200 / 1400
MGL is waiting for Breakout(Add in watch list)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
BUY MGL
There is good opportunity to gain from short term fluctuation and last day's candle was bullish.
Target = 1249
Stop Loss = 1038
MGL - READY FOR UPSIDE TGT 1240+After so many days of consolidation - Cup & Handle pattern breakout , ready for upside. Good buy on dips also (Fundamentally good company)
MGL will shoot like a BULLET.In the daily chart, we can clearly see that MGL has formed a cup and handle pattern and ready to break that pattern. My target will be 1150. Take long positions guys, we will definitely achieve our target.
MGL BREAKOUT All charts are self explanatory ...
disclaimer : above views are for study purpose only
MGL - Another story of support and resistance.MGL at very strong weekly resistance since last 2 weeks. This level has time and again acted as a very strong support and resistance in past. If it manages to cross and sustain above that this can move further up. For educational purpose.
