MGL trade ideas
POSSIBLE BREAKOUTWe can see a good build up at the resistance level which can be a sign for a future breakout, let's watch this stock
MGL Positive Breakout with Increasing in Volume <3 Entry Should Be Above Breakout Level.
Buy, Stop loss, Target Mentioned On The Chart.
(P.S: This is NOT investment advice. This chart is meant for learning purposes only. Invest your capital at your own risk.)
If You Like Do Not Forget To Like
Thank You
MGL - Resistance Breakout View - RiskyMGL : (Risky but worth the risk)
Can Breakout, should sustain
Long above 1236 with a SL 1215
MGL - buy on dipsBuy from 1165 to 1152
easy target 1200
tg2 - 1230
Disclaimer : This is my personal analysis for study purpose not intended for trading
MGL | Trade idea | 7/6/21All the reasons for the trade have been mentioned in the image. If any doubt, drop a comment.
----Happy trading
#MGL CASH : looks good above 1200.10#MGL CASH -Positional call
03.06.2021
Looks good above 1200.10
and dips 1160-1170
stoploss 1140
Target 1280/1400
Cmp 1187.30
MGL: Keep a close eye... Above 1080-1088 it could runawayMGL
CMP 1070
- sustaining above 1080, doors would open up for a move towards 1208 / 1396
pattern gets invalidated if weekly close is below 1033
Take care & safe trading...!!!
MGL - for 31.05.2021looking strong above -1185 for the targets of 1199 and 1214, with sl -1175
Weak below 1165 , targets - 1151, 1136 , sl -1174
Null and void if opens big gap up or gap down.
MAHANAGAR GAS LTDBUY WHEN 15MIN CANDLE CLOSES ABOVE 1200 WITH GOOD VOLUMES.TARGET 1- 1225 TARGET 2-1254 STOP LOSS-1270
Inverse Head and Shoulders-MGLInverse Head and Shoulder formed in MGL. Can be a 10-15% move in quick time.
MGL Short Team Movement Daily ChartMGL is showing short term rally upside with a target of 1400 levels. 3rd wave on daily chart along with inverted head and shoulder pattern is seen. Already had great breakout on weekly chart as well. Refer my previous post.
Let me know if you have any queries and questions.
MGL looks good for short termMGL looks good for short term
Currently at strong support base & a support of trendline aswell
Breakout & retracement is done in stock
View negative only if close below 1075
