Parallel Channel break above 1200Parallel Channel break above 1200 in MGL
Buy MGL : 1185
Stoploss : 1065
Target 1 : 1302
MGL trade ideas
MGL - Trendline ObservationsTrendline Observation(s). A simple Trendline Breakout on Hourly Chart of MAHANAGAR GAS LIMITED. BUY 1190.10 -> 1210, 1225, 1235. I'm learning chart patterns as of now. You can plan your trades accordingly if you know how to trade these patterns.
MGL - 1D TF - Inverse Head & ShouldersInverse Head & Shoulders pattern forming on Daily Chart of MGL. BUY 1100, SL 979.9, Target (s) - 1150, 1170, 1195, 1215, 1230. Head-Neckline = 320.5. I'm learning chart patterns as of now. You can plan your trades accordingly if you know how to trade these patterns.
MGL: If stock closes today above 1178, Target it for 1258.Hello Traders,
MGL, if closes above its daily average of 1178, then I would enter it for target of 1258. Target can be for 20 trading sessions approx.
Happy Trading!
PS: Do not forget to follow SL as per chart.
mahanagar gasregulatory entry barriers are present presently losing out to adani total gas and indrprastha gas but has potential to reach 1750
believers in the fundamentals can buy it now otherwise wait for a break of 1250
mgl - result stragtegy
Buy aug 1140 CE - cmp 36.5,
and aug 1100 PE - cmp 35.4,
Either side huge movement due to result.
Lets see tomorrow
Disclaimer : This is my personal analysis for study purpose not intended for trading
Long in MGLCurrently expecting a bounce from the CMP with target and SL marked in the chart.
Note: Not a buy recommendation.
Buy MGLMGL have formed upper channel on daily charts which is indicating a positive movement and stock today turned from lower trend line, results are tomorrow one can trade for short term returns
Look how bearish divergence from yesterday worked today in MGLNSE:MGL
I have posted this in my earlier post for MGL.
BearishDivergence.
Hope you were on the right side today. (14-07-2021)
In starting of today it was a bull trap.
It is always to remember that never chase a long upside or long downside move in stock at the beginning of trade. 85% chances are there that it will reverse.
Though the target was small on the sell side from the given level, but it worked on the technical analysis.
Some might have short it from the higher level or top.
Some might have been trapped in the bull trap.
Always trade on levels. It will be always a safe trade. Avoid Trade tomorrow in MGL.
If you have any doubts/comments, do comments below.
MGL looks promising to sell below 1182NSE:MGL
Today MGL RSI shows bearish divergence. Couldn't break the 1190 resistance levels.
Stock was trading sideways and with a bit higher high formation but the RSI was making lower highs. This is a sign of weakness in stock.
Stock is not ready to go up at this moment. One correction is still required.
Keep tracking of this stock for tomorrow as MGL looks promising to sell below 1182. Target level are marked in Green line. But don't forget to keep stop loss at 1190 level.
MGL for a swing - Mean revision at 200EMA - Trading in channelThe stock is trading in a channel and currently is at the lower end of the channel .
This stock is also in a mean revision area & has bounced off its 200 EMA.
I am expecting a 11-12% move in this ticker.
Mahanagar Gas Ltd - FO BreakoutMGL after a big up move, taken a big retracement and now again started to take bullish reversal, so give an entry with appropriate Stop loss
Aggressive traders enter at the breakout and conservative traders may give entry after retracement
After reaching our targets, trail your stop loss to get maximum profit from the stock in a single trade
🔴DISCLAIMER
***** It's just for an educational purpose and so you must also follow your own technical analysis before taking up the trade ******
Mahanagar Gas; BULLIISH OUTLOOKAnalysis:
1) Stock is trending upwards with repeated higher lows along with higher highs.
2) MACD histogram divergence has formed which is considered very bullish.
3) Stock is at very strong support from which it has previously taken support and resistance .
Disclaimer: These analysis are only for educational purposes only. You are responsible for your own actions.
Mgl Ltd. D Chart for Swing TradeThis is the daily chart of Mgl ltd. The stock is currently on the bear side.. But its support standing around 1100 to 1108. it is capable of touching 1280 to 1300 levels. And it might give breakout if it crosses the resistance with good volume.
