BUY MGLBUY MGL ABOVE 1200
TARGETS 1280, 1320++
SL BELOW 1100 ON CLOSING BASIS
Disclaimer: All Charts are for educational purpose. Please consult your financial advisor before investing.
MGL trade ideas
Buy MGLBuy MGL Above 1100
SL- 1050
TG- 1150/1200/1250
Time span - 1 Month
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IS MGL GOING TO HOLD THIS SUPPORT?MGL took support from this zone again and If the support zone doesn't break MGL may touch the upper yellow line in upcoming Trading sessions.
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
MGL- Short term trade - LONGBuy MGL within price range of 1060 to 1080.
1st Target price - 1150
2nd target price -1200
Stoploss - 1000
Timeframe - 2 to 3 months
Natural Gas prices are going to revise soon in OCT. Already roaring sky high. so this trade has good risk reward ratio of around 1:2
Purely technical and trend analysis. Only for educational purpose.
MGL - on trendlineCan be a good intraday candidate for next trading session... can trade based on the movement
MGL: At lower end of the channelMGL
- The stock is currently trading at lower end of the blue channel
- important support levels on the downside 1081 / 1060 / 1030
- if the channel is withheld, potential target for the current set up could be 1195 / 1240 / and if sustaining above 1265 then doors would open up for 1485
- pattern gets invalidated if closes below the red line on daily charts
Take care & safe trading...!!!!
Disclaimer
- The view expressed here is my personal view
- Past performance is not a guarantee for future predictions
- Use this for educational purpose
- Any decision you take, you need to take responsibility for the same
- It's your hard earned money. Treat it wisely
- Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance
- if trading in F&O, understand that F&O trading involves risk
- Do take proper risk management measures
- Do your own analysis and consult your financial adviser if need be
Just follow the Price Action!1080 is a major demand zone and stock has taken support there and showing signs of reversal upto 1200 from current leves.
mgl - sell on risesell from 1150 to 1163
easy target 1090
Disclaimer : This is my personal analysis for study purpose not intended for trading
MGLDownward Channel Broken
Volume supported Break
RSI > 60
Upper Bollinger Band broken
need to wait for momentum in ADX and price completely close outside of Upper Bolinger Band
MGL under bullish wolfe wave MGL under bullish wolfe wave can test 1180 view negated below 1090 daily close
Thanks
Jigar pateel
8898030401
BREAKOUT MGL 1200Monthly resistance break,
It will give a strong move if it breaks the Resistance of 1200.
Simple Trade Setup| MGL | 30-08-2021NSE:MGL
Observation:
1) On Daily time frame It took perfect reversal from 200DMA with good green candle. Now next hurdle for this stock will be 1140-1150 critical zone.
On breakout of this range it will be good bullish till 1200 level. 1200 is another major resistance.
Please refer below chart : daily time frame.
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Trade Setup for Date 30-08-2021:
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level tomorrow.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Mahanagar Gas Ltd - Kick out the bears.NSE:MGL is ready to shoot the bulls in the ring.
NSE:MGL had been making lower highs and lower lows ( LHLL ) while framing a falling wedge pattern ( T1 & T2 ). Inside the wedge, it has broken a trendline T3 that pushes up the confidence of the bulls to create the long positions.
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mgl -sellsell from 1129 to 1140
easy target 1070
Disclaimer : This is my personal analysis for study purpose not intended for trading
Mgl took good channel supportMGL can give good move above above 1152 ..taking good support from trendline and trading withing channel
mgl trend line breakoutmake your own decision
there is a trendline breakout on daily chart
in mgl
decide your own targets
targets up to 1300
