MGL Daily - Bearish Engulfing at Support MGL saw a good fall last week but looks like bad times will continue for this symbol. Short position can be taken with a target of 930 to 890.
MGL trade ideas
MGL Bearish view. SL in range of 1060-1080MGL 1089 upper resistance. Lower support in the range of 1009 to 1017. tight range and on the lower end of bollinger side. Target around 985. Breaking of that then can show a level of 880.
Long side only above 1089.View Bearish. SL 1060.
Bearish cross over just happened 2 days back and RSI at 45 on daily chart basis.
Shows a downside till 985 for sure.
MGL VIEW WHERE THE STOCK HEADING BUY OR SELLbuy view
buy the stock at 990 to 1000
keeping sl as 960
targets 1030/1054/1088/1124
the stock can face some reversal at 1124
if closed above can test 1185
sell view
sell in the range 1185 to 1195
keeping sl as 1250
targets 1125/1088/1054/1030/992
MGL - SHORT SETUP NSE:MGL
BEARISH SETUP - Breakdown from a rising wedge pattern with massive volumes supporting the bearish momentum.
Also the distribution phase can be clearly spotted with dried up volumes and a sudden breakdown with huge volumes confirms the charge of bears, thus a good downside move can be seen in next few trading sessions.
View: Short on confirmation (once RS breaks zero level from above)
PS: Trade with caution or wait for some more price action.
Diclaimer: Take this view only for educational purpose. Trade on your own risk.
Happy trading!
MGL Bullish above 1091MGL is ascending triangle pattern and have been consolidating. Break out above 1091 can take it higher.
- Views are for educational purpose only.
MGL is one good pick to trade on 3rd Jul 2020I have added all the details in the charts please comment anything other than that.
MGL KEY LEVELS POSITIONAL VIEW ONLY TRADE ON BREAKOUTsMGL BUY ABOVE 1090 SL 1065 TARGET 1105-1125
MGL SELL BELOW 1040 SL 1065 TARGET 1020-998
My views are for educational purposes please ask your financial advisory before trading
MGL STOCK OF THE WEEKPLS MAINTAIN THE ENTRY SL TGT AS MENTIONED IN THE CHART.
TGT TIME FRAME 1 WEEK.
MGL | BREAKOUT ABOVE 1100Let it break with Good Volume!!
Above 1100, Looks Bullish!
15-30 points can be made through Intraday Trade.
MGL - Triangle formed...awaiting breakAs seen in the chart, MGL under traingle...Huge Explosive move awaited...Keeo watching
SELL MGL MGL 1050
RESISTANCE : 1070 1090 1117
SUPPORT : 1036 1002 983
NOTE : 1050 is the main for support stock trade below 1050 is negative for stock . So watch 1050 as a main support . Support and Resistance on closing bases
MGL 16th June Lower zone or upper zone ?
will look for 1030 levels to go long
Buy at 1030
SL 1017
TGT 1042 and 1055
MGL , gas leak !!!!!MGL resistance zone 1060 clear can be seen !!! any action to be played only above this !!!
MGL - CLOSED ABOVE RESISTANCE!!Mahanagar Gas Ltd.
The stock closed above the resistance level.
The technical indicators are bullish.
Volume is higher than average.
Near by resistance is 1160 and support is 100DAY SMA(991) on the daily chart.
KEEP AN EYE!!
#tradingedge_academy #SMTA_institute
Buy MGL 1058-1065Technical Trade - MGL reclaimed 50dma and 200 dma recently and since then it has been well. Currently, the price is around 61.8 retracement and today close looks constructive. Nifty is down 200 points but MGL has closed strong with 233% above average volume. If the price continues to move up with good volume, i will enter between 1058-1065
