MGL trade ideas
In resistance zoneMGL is back in multiyear resistance zone.
If closes above 1090 then new highs will come.
Let's see if it crosses or surrender again in this zone
MGL - CNH - RandomMGL - CNH - 11 Dec 2020 - 1059.20 - Random
Buy above 1090.
SL 990.
TGT 1130 / 1200 / 1400
MGL is waiting for Breakout(Add in watch list)In MGL daily chart once it close above 1100 it can achieve 1226-1331 range in quick time.
--> Let the breakout happen
--> 1023-976 is immediate support range
BUY MGL
There is good opportunity to gain from short term fluctuation and last day's candle was bullish.
Target = 1249
Stop Loss = 1038
MGL - READY FOR UPSIDE TGT 1240+After so many days of consolidation - Cup & Handle pattern breakout , ready for upside. Good buy on dips also (Fundamentally good company)
MGL will shoot like a BULLET.In the daily chart, we can clearly see that MGL has formed a cup and handle pattern and ready to break that pattern. My target will be 1150. Take long positions guys, we will definitely achieve our target.
MGL BREAKOUT All charts are self explanatory ...
disclaimer : above views are for study purpose only
MGL - Another story of support and resistance.MGL at very strong weekly resistance since last 2 weeks. This level has time and again acted as a very strong support and resistance in past. If it manages to cross and sustain above that this can move further up. For educational purpose.
MGL at it major support, Buy at 778 long term MGL has been taking support between the prices 743 and 766.
The price range between 743 and 766 has been acting a major support
for MGL , The price is again at its support level.
So will be looking at going long on MGL.
Entry : 778
Target : 957/1094/1200
Stop loss : 665
MGL, Long above 1060 for target of 1230Range 1060-1080 is very important range, Prince has taken multiple resistance here and also broke out earlier once.
On 27th Nov, MGL made a big gap up and closed with a bullish candle with volumes. It has been consolidating since, once price moves above 1060-1080, we can go long with stoploss of 1020
Initial Target would be previous highs 1230
Breakout TradeMajor Resistance - 1100
Volumes are looking great - Pole and flag in making on daily charts
Look for a good volume breakout above 1100 levels
CMP is offering good R:R to enter
Do your own analysis and consider your own risk while trading!
MGL - buy on dipsBuy from cmp 1034 to 1025
tg 1065
sl daily close below trendline (consecutive 2 days)
Disclaimer : This is my personal analysis for study purpose not intended for trading
How long nifty will go ??After breaking previous high,nifty moved @7%
It happens mostly once previous high breaks which created atleast before 9-12 months,more upside possible 8-10% ,so I had estimated nifty target 13475, market surged 80% up from March low.FII were continuous seller in March now FII s continuous buyer from 20+ days.Be cautious at high levels, longer term prospect is good but short term is now not good.
My view is personal and educational.Am not SEBI registered analyst
MGL Positional & IntradayAs discussed earlier..MGL already achieved most of the levels.
After 2-3 days consolidation it might move upwards again.
TGT may be 1058/1078/1100/1123/1141/1167
Intraday TGT 1058/1078/1100
SL for intraday 1020 & 1000 for positional
if it opens below 1025 ..don,t trade.
Disclaimer: Ideas for learning Only.
Learn Regularly. NOT Occasionally.
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