MAHANAGAR GAS At S/R zoneMAHANAGAR GAS At S/R zone. Mahanagar gas is at S/R zone and has formed a powerful candle. Candle body is big, but higher wick sis very big. Candle ended on red note. One can short below day's low. Long above previous day's high. by VishnuTalankiUpdated 3
MGL short below 952Enter Short in MGL below 952 Target - 947, 942 & 934 Sl - 963Shortby Akashyadav920
Inverted H&S for target of 40 point in MGLInverted H&S for target of 40 point in Mahanager Gas.Longby DaveAva0
Short term Swing trading-MGL-ShortMahanagar Gas Limited (MGL) looks bearish for short term. Sell Below: 775 for targets - T1: 736 T2: 721 T3: 705 SL: 813.8 Note: These calls are based on my own analysis. It may or may not work well for you.So please carefully consider whether it is suitable for you and please do your own research before attempting any. The profit/loss made by you due to this call, is solely your own responsibility. Thanks, All the best. Happy Trading. :-)Shortby MuthiahMUpdated 4
MGL short term viewRefer chart. View given based on indicators view Vijayaraghavan, KovilpattiLongby VijayaraghavanUpdated 112
mgl - just for observationstock has broken below head and shoulder neckline . just observing for 2-3 mnth whether price will fall further and achieve head and shoulder target or not. expected levels 600 to 650Educationby kachartsUpdated 4
MGLPrice consolidation RSI Divergence MACD Cross over Will we see 989/1008/1079/1136 before price closes below 889???Educationby kamy4profit0
MGL Mid term viewMGL already running for Head and shoulder pattern target of 848. Pls view chart for the details. Weekly and daily bandbollinger showing weak signals. Better to stay away....Shortby VijayaraghavanUpdated 2
follow through todays open is more than previous close . as per the krule of morning star rule gapup, price opened 2rs gap up and closed above the previous close, so you will see follow through. so it is confirmation that price will move up and fill the gap so go long with stoploss of 911. buy for the target of 950Longby nalinakshi1
Morning starMorning Star The Morning Star Pattern is viewed as a bullish reversal pattern, usually occuring at the bottom of a downtrend. The pattern consists of three candlesticks: morning star candlestick chart pattern Large Bearish Candle (Day 1) Small Bullish or Bearish Candle (Day 2) Large Bullish Candle (Day 3) The first part of a Morning Star reversal pattern is a large bearish red candle. On the first day, bears are definitely in charge, usually making new lows. The second day begins with a bearish gap down. It is clear from the opening of Day 2 that bears are in control. However, bears do not push prices much lower. The candlestick on Day 2 is quite small and can be bullish, bearish, or neutral (i.e. Doji). Generally speaking, a bullish candle on Day 2 is viewed as a stronger sign of an impending reversal. But it is Day 3 that holds the most significance. Day 3 begins with a bullish gap up, and bulls are able to press prices even further upward, often eliminating the losses seen on Day 1.Educationby nalinakshiUpdated 1
RISK MGL: Buy @ 1012 SL: 995 TGT: 1059 (Only if opens green)MGL gained 6% on NSE with volumes more than 2.5 times the average and has crossed its weekly support. Buy MGL @ 1012 with Stop Loss of 995 and Target 1 of 1040 and Target 2 of 1059. BUY ONLY IF MGL OPENS FLAT IF IT OPENS BELOW STOP-LOSS, DO NOT BUY.Longby MohammedJunaidUpdated 0