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 trade ideas
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
#StockMarket #StockIdeas #StocktoWatch #StockToBuy #positionalMGL
Stock after correction making Falling wedge pattern & now in Darwas box trapped
Buy above levels 797/800 DCB
With SL of 755 for positional targets of 835/850 levels
In short term view
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Note:
Above levels are for education purposes only
Do your own analysis before taking any trade
Given falling channel breakoutMGL had given falling channel breakout and has pulled back and now continuing the upmove.
Buy above 797 level (day closing for positional) for 5-7% swing upmove.
Learn & Earn,
Dr. Tanya Kumar
MGL looks Good for the TGT of 1200 with Small SL#MGL (POSITIONAL PICK)
CMP 778
TGT 825,915,985,1060,1160
SL 650
Risk Reward (RR) - 1:3.3
Potential Returns :54%
Potential Loss: 16%
Time Frame: 6 to 12 Months
MGL Forming double bottom on daily charts, looking bullish MGL, Mahanagar Gas Limited is forming double bottom on daily timeframe, if this stock is able to hold the base of the bottom, then it could move up till 800 in the week.
Note: This is only for educational purpose
MGL shortTrade stratergy
* Overall market was trading near the monthly support zone. and also market broken the demand zone in weekly time frame.
* In day tf, market reach all fib extension levels, possible to retracement happen or continue the trend. but, market start the retracement and also continue the down trend.
* How i identify the retracement completed?
In Hr tf, market turns the trend to down trend.
MGL perfectly respecting support levelMGL perfectly respecting decending channel pattern and support level. 38 percentage correction already done. Do watch for potential break out.
#Mglplease refer to the chart.
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If you want me to investigate any chart for you then would cherish doing that for you.
Thank you for your time and support.
Stay safe.
MGL case studyCounter is trading around good support zone,,
let see if demand zone is respected or not
Mahanagar Gas 795Mahanagar Gas 795 is expected to test 880 as Bullish divergence and huge accumulation could be seen in charts.
MGL ,RSISupport zone (previously 4 5 support zone), rsi divergence on weely and daily time fram , low volume with lower lows
MGL -weekly -demand zone- supply zoneMGL range 800 -1200 from few years.
SEE CHART AND ACT ACCORDINGLY.
EDUCTIONAL PURPOSE ONLY.
