MGL trade ideas
mahanagar gasMAHANAGAR GAS ....
1 - forming box pattern
2 - golden crossover
3 - good volume
4 - bullish rsi 76
5 - 6 months consolidation BO
Channel Breakout in Mahanagara Gas LtdFrom few months stock was trading in a sideways channel, now it has given breakout with good volume.
If we observe short-term chart, stock has already given a symmetrical triangle breakout for which final target is not yet achieved.
We can expect a good upside momentum if price closes above 905.
830-845 levels should act as strong support. Considering the spike in volume we can expect a good rally in upcoming days.
Stop loss can be placed at 800 for risk takers and 830 for risk averse. All possible targets are marked on the chart.
This is not an recommendation. Do your own analysis before investing.
NSE:MGL
MGL Resistance BO !!NSE:MGL
#NSE:MGL trading @ Resistance and BO, now retracing, Possible movements marked on chart,
Retracement might continue and bounce. Potential levels updated.
850 CE given to our friends and bagged very good profits(5X Profits), still have very good potential.
(Reason for giving 850CE, TL BO, Cup& Handle BO) Multiple confirmation taken in to consideration.
check my signature column for details.
MGL - Ichimoku Bullish Breakout Stock Name - Mahanagar Gas Limited
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 864
#This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market.
# Cloud Trading
# Ichimoku Cloud
# Ichimoku Followers
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Watchout for range breakoutThe stock is looking good above 865 level for positional short term targets of 890 and 925.
Mid term targets would be 960, 1025 and 1050.
Disclaimer: This idea is for educational purpose and kindly buy as per your risk management.
I always encourage partial booking 1-2% profits and use a strict trailing stop loss.
Idea is positional and only carry position on day closing basis.
Learn & earn,
Dr . Tanya Kumar
MGL - LONG - 18% upside potentialMGL has given double bottom breakout at 845 levels with RSI divergence.
Target: 1000+
SL: 825
View: Positional (around 1-2 months)
MGL KEEP EYE ON MGL (CMP 846 looking Good For 4/5 Days Holding :)
BIG MOMENT COMES AFTER 856 CROSS 🤞
INVALID BELOW 810 CLOSED
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.
