MGL trade ideas
Buy MGLBuy MGL if it hold 850 zone the it can go upto 875 and 890 Stoploss 833
Safe buy above 854
Small cup & handle formation is visible
MGL- SWING PICK by Market MattersA breakout has happened. Now wait till it retest the breakout level and move higher...........
Note:
Avoid the stock if a big gap up or gap down is seen
Enter after the breakout happens and not before it
Do not chase the market, i.e., do not get involved in late entries
Only enter with strict stop-loss and target
This is not a recommendation and is for educational purposes only.
always follow risk-reward and quantity management for the 100% of the times
The above mentioned idea may not work, so beware of the risk you are taking
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Happy Trading!!
MGLDISCLAIMER : . I am not a SEBI Registered analyst.
All chart analysis I publish are educational and information purposes only
MGL LOOK OUT FOR THESE LEVELS!!! ALL THE LEVELS ARE MARKED ON CHART;
PRICE IS STRUGGLING TO BREAK DAILY 20 EMA,
PRICE HAS INCREASED ON ACCOUNT OF HIGH VOLUME, AND ITS SUSTAINING/CONSOLIDATING ON ACCOUNT LOW VOLUME.
The indicator used:
1) Daily Lines plots Daily 20 EMA on lower time frame charts
2) TE REKAB shows reversals in the market
PB stands for - PULL BACK.
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The analysis is my POV, hope you got bucks in your pocket to consult a financial advisor before investing :P :)
HAPPY TRADING!!
MGL A Perfect RSI divergence one can look for a long trade On D
this is just my personal view all my ideas was only for educational purpose dont trade blindly. i m not financial advisor. just study dont invest on my idea.
Wait for a momentum and then go for the killDo not trade inside the no trading zone cause it doesn't show any direction...
IF MGL Breaks 810 than it may give you targets of 790 IF MGL Breaks 810 than it may give you targets of 790
INTRADAY LEVELS for tuesday 20/10/2020ALL LEVELS ARE MENTIONED ON THE CHART. Watch my other charts to understand the simple price action used for all of the analyses.
MGL - Positional Trading SetupDisclaimer: All charts are purely for educational and information purpose. Invest or Trade with the help of your financial advisor only.
MGL for selling oppurtunity ..profit-booking expected in this stock.
look for the comments section for more details and discussions
