MGL trade ideas
Falling wedge pattern MGL.Discription:
Stock Name: MGL
Chart Pattern: Falling wedge pattern
Time Frame: 1D
Entry: breakout Entry Above 800+
Targets: breakout target 1000+
MGL TradeplanRisk management:
Closing price : 820-820
Quantity : 25-30 for 1 lot
Stop loss: 790
Target: 1.5R
MGL | Good Short Term trade opportunity !!!RRR 1:15 earning opportunity Short Term Trade…
CMP: ~ 753.70 (Good above @ ~ 759.50)
SL: ~ 698
Target: 1048 | 1284 | 1666
( Targets calculated on the basis of Fib. and previous swings )
Disclaimer:
I am not a SEBI registered analyst. My studies are for educational purposes only. Please consult your financial advisor before trading or investing. I am here just to share my views and have fun!!! Don’t take me seriously…..
Happy trading !!!
MAHANAGAR GAS LTD CAN GIVE BULLISH BREAKOUTMAnahabagar gas Ltd again resisted on a resistance level of 805 It can soon break that trendline and can go targets of 840 and 900 respectively
Company's quarter results and net profits revenue also indicate for a short term but.
MAHANAGAR GAS LTD - PredictionMahanagar Gas Ltd seems Triangle pattern. If healthy breakout happen & price sustain above 803, It will move upward. Next target level 845.
MGL short term buyMGL trade possibilities for buy.
Weekly sideways.
Travelling from day support to day resistance.
Long MGLShort to Long term Pick.
Stock is at cheaper price at Monthly Demand Zone.
Entry already active. Hovering around the monthly zone. Accumulate in minor quantity in ranges 700 / 660 / 617.
Stop loss will be weekly close below 590.
Good to hold for a target of 819 / 883 / 1000.
Long term tgts of 1105 / 1200 +
Mgl will it inverse the trend nowIf Breaks Then The Targets could be Taken at 841 .
Time Frame :- 1 Day
Patterns Name :- Inverse Head and Shoulders
Symbol Name :- Mgl
Comment Below If You want to ask me questions on this on any other idea .
Based on Your Own Risk this is only to Show you the Current Pattern .
We are not responsible for any profit or loss .
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Mgl stands For big Fall on 1hr TF.Hello Friend's, 🤗🤗This stock is mostly for 14-06-2022 Intraday players. Don't forget to add it your watchlist🤗. As we can see that in this Stock continuously selling is continue. In this case we are totally bearish in this stock. We will sell this when price cross 730 & substain below with the accurate target of 720,712.MGl is a leading competitor in Oil & gas industry. If this starts fall everyone will start falling. 📉📉 So don't forget to keep your👀 on it. Have a nice day traders.
Mgl on Rising flag in 1hr time frame.As we can that mgl is trading in rising flag pattern. We can expect very big breakdown below this trend line. Trader ready for Short in this stock in upcoming days. Traders add this on watchlist to see further moment.
MGL - 11th May 2022Long Term View
Stock at Multi-Year Support Levels of 770-650.
Value Buying can emerge around these Levels.
MGLConsolidating in a good range with significant volume.
Go long when rsi daily closes above 60 with SL of 752.
MGL is change the trend.Only trade when candle sustain or close on black line . major chances are possible that in short term in future MGL is going upside .
MGL @ 829 target 860/890 soonMGL @ 829 is trading near its support of 810/820. Gas section is already booming and its supported by the open interest buildups in the stock.
MGL SHORT TERM RSI BASED METHODfor educational purposes only - based on RSI methodfor educational purposes only - based on RSI method
MGLBuy above 931 with the stop loss of 925. Targets are 937, 943 and 949.
Sell below 922 with the stop loss of 928. Targets are 916, 910 and 904.
BreakoutTrail your Stop loss. Levels mentioned on chart.
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➼I do only Swing trade
➼I Trade only when RR is in my favor
➼Please correct if I am wrong
➼These charts are my and only my work, my thought process, just from an educational point of view and no calls.
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MGL LONG-TERM SWING TRADEHello, mgl long-term swing trade buy: 800 targets: 854/963/1,075 stoploss: 837.
LOGIC BEHIND TRADE: Stock has formed W pattern on 1D chart & given breakout of dynamic trendline resistance & static resistance breakout buying strategy, (targets identified from harmonic xabcd/abcd pattern level 2.0/1.618/2.272) stoploss is taken previous swing low. Stock looks soild for long-term swing trading. NSE:MGL
MGL @ 800 facing crucial resistance at 800Risk reward for shorting is good, the stock was in Bear grip for long time now and given a pullback to crucial resistance of 800, hence can be shorting can be done for targets 780/750 levels
