ALL THE LEVELS ARE MARKED ON CHART;
PRICE IS STRUGGLING TO BREAK DAILY 20 EMA,
PRICE HAS INCREASED ON ACCOUNT OF HIGH VOLUME, AND ITS SUSTAINING/CONSOLIDATING ON ACCOUNT LOW VOLUME.
The indicator used:
1) Daily Lines plots Daily 20 EMA on lower time frame charts
2) TE REKAB shows reversals in the market
PB stands for - PULL BACK.
If you like the analysis, do...
RSI : Neutral
TE MINOR BAND : Bearish
TE Scalper is used for reversal.
1018-1033 is a big resistance zone.
MGL looks weak below : 1004,
Incase it break the lower trend line, target can be : 980/971
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Analysis are my POV, hope you got bucks in your pocket to...
MGL BUY ABOVE 845
TARGETS: 854, 863, 870, 875, 879, 884
Posting for Educational purpose only
Closing Basis means stock need to trade above 845 between 3:20 ~ 3.30 PM
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A breakout has happened. Now wait till it retest the breakout level and move higher...........
Avoid the stock if a big gap up or gap down is seen
Enter after the breakout happens and not before it
Do not chase the market, i.e., do not get involved in late entries
Only enter with strict stop-loss and target
This is not a recommendation and is for...
A Perfect RSI divergence one can look for a long trade On D
this is just my personal view all my ideas was only for educational purpose dont trade blindly. i m not financial advisor. just study dont invest on my idea.
Mahanagar Gas Ltd. engages in the sale and distribution of natural gas. Its Domestic PNG is used for cooking and water heating. The company was founded on May 8, 1995 and is headquartered in Mumbai, India.