MGL - 1D TF - Bullish BatBullish Bat pattern forming on Daily Chart of MGL. BUY 884-885, SL 854.9, Target(s) - 910, 920.
MGL trade ideas
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.
Educational Swing trade in hindsight - not a future trade.Made swing low of 875 - 1108. Draw Fibonacci levels from swing high to swing low. Made shooting star price pattern (14th July) and bullish hammer (10th august) near Fibonacci 61 percent levels. Entry could have been in buy zone and target as near term resistance (1071) and Stop loss at swing low (875). 10 percent gain in a month could have been achieved.
MGL go long with 10% targetHi guys this is Trader Kanishk
MGL Analysis
Points discussed :
Why to go long
has it taken support
trendline breakout
new support levels
new targets
new stoploss levels
entry levels for sharp entry
and many more.
Please
Watch the entire video and
GO for It
DISCLAIMER
Every thing i have discussed in this video is only for educational purpose, do not consider this as a tip, or i am not saying you to buy or sell the stocks. This is all upto you. I am only sharing my analysis and views up to you. Trading is risky, so manage your risk reward before getting enter into any position.
One more very important thing
Guys let me tell you that i am a trader and a trader have a winning probability of 50-65% no any trader is there who have a winning ratio of 100% . Who says you that i am having a 100% winning strategy then F**k these type of people and try to be correct only 50 - 60 % of time which will give you a lot of money if you properly follow the risk reward ratio .
MGL breakout from descending triangleMGL broken upside from descending triangle with good volume and momentum surely its a good buy for short term with 1080
Time to buy
After breakout looking bullish from current levels and expecting big move from here but wait for minor pull back first.
MGLDISCLAIMER : . I am not a SEBI Registered analyst.
All chart analysis I publish are educational and information purposes only
MGL :- SYMMETRY SETUPMGL held the symmetry setup, if it continue to move upside then given targets seems achievable.
It also shaped up in Beautiful Bullish Consolidation pattern.
Divergence between Price & Volume.
Plan your trade accordingly.
Levels mentioned on chart.
Views are for ‘’EDUCATIONAL PURPOSE ONLY’’.
"Trade what you see, Not what You Think"
Happy Trading(:)
#MGL CASH : POSITIONAL CALL - LOOKS GOOD AROUND 405-407#IGL CASH - POSITIONAL CALL
20.08.2020
LOOKS GOOD AROUND 405-407
STOPLOSS 395
TARGET 428/448/500
CMP 410.3
Mahanagar Gas: Fake Breakdown Reversal @ Rs. 978The stock has given a fake breakdown reversal today. One can plan a pullback trade near 980-990 and keep a stop loss of 959.
