MGL trade ideas

Rohitsaraswat

Mgl correct 25 % from its top , pin bar candel form at weekly trendline , we can initiate trade if mgl trade above last week high

prashantmedge Updated 

Short MGL near Retest of Trendline 1100-1140 Zone Stoploss 1200 Target 970 Trendline Breakdown + Lower High and Lower low formation started on daily Timeframe. Previous Higher low Broken

InvestPro_India

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

jjthomas94 Updated 

1050 Strong Support Zone Breakout Above 1200 Near 200ema

SidBoi29

on very good support level we can see more upside levels in future in it Not any recommendation thank you ..!

Amey_Kadam Updated 

The 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 :)

Vinay9811

Clrealy taking support from 1050 with the BULLISH RSI divergence signifies it is gaining strength ...can go for small targets !!!

HARMONICSANAND

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

sameerusadadiya36

My 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

AlphaGainers9 Updated 

BUY 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.

TeamBlack008 Updated 

Buy MGL Above 1100 SL- 1050 TG- 1150/1200/1250 Time span - 1 Month Follow me for more updates

InvestPro_India

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

karimbaig5

Wait for price confirmation as Volume is not supporting this.

TRADINGENGINEER143

mgl chart analysis for intraday and swing trading other info given on chart

manya5384

Buy 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.

ShamaUgale

Can be a good intraday candidate for next trading session... can trade based on the movement

indiamarketoutlook

MGL - 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...

Equity_OptionTrader

1080 is a major demand zone and stock has taken support there and showing signs of reversal upto 1200 from current leves.