MGL trade ideas
MGL - Analysis for positional holdA long position can be initiated with the following stop losses for various persona:
For ultra safe traderSL could be placed at 907, for a target of 980.
MGL.. a rare findingMGL has formed weekly triple bottom.
and has crossed weekly cloud and also falling trendline
making it bullish
buy on dips to 930 900 SL below 880
targets 1060 1160
MGL - COMING IN TO BULLISH ZONE!!MGL AFTER REACHING 1050 (AS GIVEN IN ONE OF MY PREVIOUS POSTS) HAD REACTED TO A LOW OF 754.
IT HAS STARTED MOVING UP AGAIN AND IS COMING OUT INTO THE BULLISH AREA.
ONCE IT STARTS TRADING ABOVE 856, THEN THE NEXT TARGET IS 871 & 885.
STOP LOSS CAN BE PLACED AT 816.
[Intraday] MGL Improper Ascending Triangle BreakdownAs per charts. This is a weak trade. So keep tight SL.
MGL option playopened option position will close once profit reached 10%
Strategy Positions
+1x 29AUG2019 830CE - ₹ 22.7
(0)
+1x 29AUG2019 830PE - ₹ 18
(0)
+1x 29AUG2019 840PE - ₹ 22.2
(0)
+1x 29AUG2019 840CE - ₹ 17.9
(0)
+1x 29AUG2019 850CE - ₹ 13.5
(0)
+1x 29AUG2019 850PE - ₹ 28
(0)
Max. Profit
₹ Undefined
Max. Loss
₹ -61,380
Breakevens
799.3-880.7
Total PNL
₹ 0
Estimated Margin/Premium
₹ +73,380
