MGL trade ideas
Mahanagar Gas long for target of 1400Chart Form Double bottom and crossed the breakout with high volume.MACD shows positive sign .
OFF LOAD MGL / DIS INVESTMENT IDEA OFF LOAD THE STOCK AT 1225 LEVELS
IF SHORTING THE STOCK SELL RANGE IS 1230 TO 1240 KEEP SL 1280
TGT IN COMING DAYS
1175/1156/1100
& BELOW
MGL.. DOJI ON TOP MAY SIGNAL TREND REVERAL..!!!!!!!!!MGL
Doji on top
watch range break 1198-1175
if breaks 1175 on downside
than may slipto 1125--1100
@MDstockmagic
educational purpose
MGL - Uptrend from 995/1000Here, i think that there is a potential upside in MGL (Short position) - 20 Days.
The price currently is Rs .1014 and i expect that by 5th February 2020, the price should touch Rs .1092
The trendline has been strong for MGL .
If you open the daily chart of IGL , you'll notice that there has been a good support to upward movement.
Disclaimer- These are my personal views and not a trading advice. Do your research before trading or investing. I/we are not liable for any loss that may occur. Trading involves high risk and should be done cautiously. (Also, enjoy the process, with every Gain/ (Loss), you get some insights which should be analyzed in detail and taken a note of. Let's grow together as a community and spread knowledge.
[Intraday] MGL Aggressive ShortAggressively shorting with small SL at day high + few random points. It may hit SL with high POP.
[Positional] MGL Double Top BetAs per the charts. Do not short unless that line breaks.
PS: I will not short even if it breaks. I just posted to keep it in diary. I always lose time (first it goes to huge loss when I short it and then it goto tiny profit.) if i touch it
