BUY MGL MGL looking for a good buy @ 1010 or below the price for upper marked targets on the chart until 970 is intact on the closing basis.
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
MGL trade ideas
MGLon very good support level
we can see more upside levels in future in it
Not any recommendation
thank you ..!
Buy_MGL at CMP - Target 1210 - 1290 - ATHThe stock has taken a support at it's 400 days EMA. RSI has given an indication of trend reversal and MACD is also bound show a crossover shortly! Keep an eye on this script :)
Swing MGLClrealy taking support from 1050 with the BULLISH RSI divergence signifies it is gaining strength ...can go for small targets !!!
trade with : parallel channel - simple trendline support MGL: 1059
trade setup:
1. buy up to 1042
2. keep stop loss as 985 on closing basis
3. targets :
1114 /1149 /
1191 /1223 /1267+
technical setup:
1.parallel channel pattern
2.support
3.trendline
4.value in sector
MGL 1d chart analysisMy personal view on MGL.
After a good rally mgl shows a consolidation in weekly time frame.
Breakout or breakdown can show good move either side.
Note - Naturalgas price is soaring. NSE:MGL
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.
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.
