MGL trade ideas
Educational - Bullish RSI divergence in MGL in 15 min TFBullish RSI divergence happens when:
1. RSI is going higher
2.Price is making new lows
This denotes the weakness in strength of downtrend, making a potential for uptrend.
MGL - Potential Inverted Head and Shoulders PatternMGL is forming what appears to be an inverted Head & Shoulders pattern on Hourly time frame.
Initiate long.
Target : 1025
Stop Loss : 905
MGL with inverted head and shoulderMGL has formed inverted H&S with the neckline around 940.
above 940 looks good to buy with the tgt 980-990 for short term.
MGL Cup and handle breakout nearFormation of powerful Cup and Handle pattern. May result in a breakout Soon.
Target -950 then 1030
Keep Stop Loss at Trendline during a breakout.
oscillators are also sending conducive signals for the coming sessions.
All the best.
Disclaimer
You must be aware of the risks and be willing to accept them in order to trade or invest in markets. Don't trade with money you can't afford to lose. The past performance of any trading system or methodology is not necessarily indicative of future results. It's only for educational purpose. Use your own analysis or contact your financial advisor.
MGL Did Not Break The First 15 Minute Candle Range Of The DayIf MGL Breaks The Next Day, There Will Be a Huge Movement.
MGL - Intraday Trading Setup for 16 Sep 2020Disclaimer: All charts are purely for educational and information purpose. Invest or Trade with the help of your financial advisor only.
MGL: case of ending diagonalAs per the current structure it seems the prior correction is going to be completed in 1 0r 2 days. There is a formation of ending diagonal. One should buy the stock in the range of 860-65 keeping the stop loss at 845 for the target of 950 & if it hold then 995.
MGL
DISCLAIMER : . I am not a SEBI Registered analyst.
All chart analysis I publish are educational and information purposes only
MGL - 1D TF - Bullish BatBullish Bat pattern forming on Daily Chart of MGL. BUY 884-885, SL 854.9, Target(s) - 910, 920.
MGL need to look where it trade the next week its make or breakMGL is forming the C&H in wkly chart now need to see when it close above the TL if so the more big move expected but if not then will go for downside
MAHANAGAR GAS LIMITEDKEEP MAHANAGAR GAS LIMITED IN WATCH LIST FUTURE BUY WHEN IT WILL HIT MONTHLY SUPPORT
Mgl has given a bullish trend indication on rsi cross over Mgl is awaited for a crossover in the price chart
As discussed on the trade guys,Mgl has made a bullish crossover.This is a continuation of the trade posted earlier.
