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
MGL trapped in support & resistanceMGL is in clear uptrend
but facing support at 1000
and resistance at 1070
so I will wait for stock to come near these levels
Keep tight SL of 15-20 points, which if broken then
will lead to breakdown or breakup
Mahanagar Gas - Study - Long above 1075Long Mahanagar Gas above 1075 for the Target.
Target 1: 1149
Target 2: 1239
Stoploss: 1055
Short MGL Target 1050 / 1030 / 1000/ 960, SL 1090MGL is not looking good, We can short for the target of 1050 / 1030 / 1000/ 960, SL 1090.
[Entropy] Case of MGLBB Bands %B has to be -1 instead of -2
+
High is broken!
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these all will trigger at once if you remove that condition
