MGL trade ideas
MGL WeeklyMGL Weekly chart is at the breakout level of a supply zone. TL breakout is already done. A safer entry would be after the supply zone is broken with a good bull candle.
[Diary] MGL Gas OverviewAs per the charts.
Note -
One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells at "where" to act in "what direction. Unless it triggers, like, let's say the candle doesn't break the level which says "Buy if it breaks", You should not buy at all.
=======
I use shorthands for my trades.
"Positional" - means You can carry these positions and I do not see sharp volatility ahead. (I tally upcoming events and many small kinds of stuff to my own tiny capacity.)
"Intraday" -means You must close this position at any cost by the end of the day.
"Theta" , "Bounce" , "3BB" or "Entropy" - My own systems. Please refer to the link to my footer and explore further if You want.
=======
I won't personally follow any rules. If I "think" (It is never gut feel. It is always some reason.) the trade is wrong, I may take reverse trade. I may carry forward an intraday position. What is meant here - You shouldn't follow me because I may miss updating. You should follow the system I share.
=======
Like -
Always follow a stop loss.
In the case of Intraday trades, it is mostly the "Day's High".
In the case of Positional trades, it is mostly the previous swings.
I do not use Stop Loss most of the time. But I manage my risk with options as I do most of the trades using derivatives.
I also do my trades live, Please refer to the link to my footer if you want to tail me.
=======
MGL ready make good moveGas price in market and infra push will make all gas companies drive like crazy in the market, Charts are clearly on breakout levels, something big is coming in this company
my personal tgt 1350 soon sl will 1170
MGL GasMGL formed the symmetric triangle and breakout was done.
It's good to go long in MGL in the Weekly Time frame.
MAHANAGAR GAS LTDMAHANAGAR GAS LTD formed descending triangle. As per descending triangle, max prob break-out is a downside.
Stay tuned with me by following @GKS_TEJA
Please LIKE you are convinced with my explanation, if not let me know in the comment section. I am eagerly waiting for your reply whether it good or bad just reply to this article.
Thanks for reading.
follow:- @GKS_TEJA
follow:- @GKS_TEJA
follow:- @GKS_TEJA
Disclaimer:- It's just for educational purposes.
MGL - SwingStock broke trendline twice in Intraday however couldn't close above it on weekly basis. Weekly candle close above TL can give targets of 1290, 1375.
MGL a perfect buy for short term as well as longtermIn the daily chart, MGL has generated a runaway gap. Short term target will be 1200 and it will go 1500 for sure in 5 to 6 months. Make long position guys, we will definitely achieve our target.
entry at 1145 with sl 1125positive reversal at 1hr
good volume
target 1200
Daily rsi took 60 support
daily broken out and retested w pattern
entry 1140-1150
Sl 1125
immediate target 1200
MGLMGL ready to break the 3 years old long TL, If it sustained above 1185 then price can be pushed towards 1210, 1230++
Happy trading guys
MGL "INVERTED HEAD & SHOULDER" BREAKOUTBuy At Cmp 1107
Strict SL - 1010 (Weekly Closing Basis)
Target - 1450
MGL Cup and Handle Breakout GO LONGMGL Cup and Handle Breakout ,A good up move of 100 points expected,Add it in your watchlist.
MGL is Mahanagar gas limited and has a Monopoly of supplying gas in Mumbai ,fundamentally good company.
long MglMGL
Broken out and retested DD+ channel
good volume
broken out weekly HNS patern
Target 1250,1300
MGL: Good Consolidation and BreakoutSupport and Resistance zones are playing their role perfectly.
All levels are mentioned on the chart.
DISC: Just for education purposes. Please consult your financial advisor before making any bet.
MGL – MEDIUM TERM INVESTMENTTRADE TYPE: MEDIUM TERM INVESTMENT | HOLDING PERIOD: 3 MONTHS | BUY ABOVE: 1122 | TRADE INVALIDATION: 989 | RISK: 11.8%
Disclaimer
All investment ideas published are for educational purpose only. All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs.
Mgl BreakoutMgl Breakout possible...if the results are good...
Be sure for a good Breakout in coming days!!!
MGL chart for swing tradingYellow :- Support/resistance hourly chart
Red :- Support/resistance daily chart
Purple :- trendline 15 min chart
