MGL trade ideas
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
MGL - 1D TF - Bullish BatBullish Bat pattern forming on Daily Chart of MGL. BUY 715, SL 662.9, Target(s) - 765, 780.
Morning star in MGL Morning star is a bullish chart pattern. It's formed at the end of a downtrend. A doji is formed after a clear down trend, followed by a green candle which confirms the beginning of an uptrend.
Other points to consider:
1) Touched the low of the channel.
2) RSI is oversold.
Target: 900 SL: 825
Weekly levels (5 to 9 October 2020) - MGLweekly levels for 5 to 9 October 2020. Long bias - stock has hit RSI and price support at same time. Uptrend to be looked forward to.
