MGL trade ideas
Educational Swing trade in hindsight - not a future trade.Made swing low of 875 - 1108. Draw Fibonacci levels from swing high to swing low. Made shooting star price pattern (14th July) and bullish hammer (10th august) near Fibonacci 61 percent levels. Entry could have been in buy zone and target as near term resistance (1071) and Stop loss at swing low (875). 10 percent gain in a month could have been achieved.
MGL go long with 10% targetHi guys this is Trader Kanishk
MGL Analysis
Points discussed :
Why to go long
has it taken support
trendline breakout
new support levels
new targets
new stoploss levels
entry levels for sharp entry
and many more.
Please
Watch the entire video and
GO for It
DISCLAIMER
Every thing i have discussed in this video is only for educational purpose, do not consider this as a tip, or i am not saying you to buy or sell the stocks. This is all upto you. I am only sharing my analysis and views up to you. Trading is risky, so manage your risk reward before getting enter into any position.
One more very important thing
Guys let me tell you that i am a trader and a trader have a winning probability of 50-65% no any trader is there who have a winning ratio of 100% . Who says you that i am having a 100% winning strategy then F**k these type of people and try to be correct only 50 - 60 % of time which will give you a lot of money if you properly follow the risk reward ratio .
MGL breakout from descending triangleMGL broken upside from descending triangle with good volume and momentum surely its a good buy for short term with 1080
Time to buy
After breakout looking bullish from current levels and expecting big move from here but wait for minor pull back first.
MGLDISCLAIMER : . I am not a SEBI Registered analyst.
All chart analysis I publish are educational and information purposes only
MGL :- SYMMETRY SETUPMGL held the symmetry setup, if it continue to move upside then given targets seems achievable.
It also shaped up in Beautiful Bullish Consolidation pattern.
Divergence between Price & Volume.
Plan your trade accordingly.
Levels mentioned on chart.
Views are for ‘’EDUCATIONAL PURPOSE ONLY’’.
"Trade what you see, Not what You Think"
Happy Trading(:)
#MGL CASH : POSITIONAL CALL - LOOKS GOOD AROUND 405-407#IGL CASH - POSITIONAL CALL
20.08.2020
LOOKS GOOD AROUND 405-407
STOPLOSS 395
TARGET 428/448/500
CMP 410.3
Mahanagar Gas: Fake Breakdown Reversal @ Rs. 978The stock has given a fake breakdown reversal today. One can plan a pullback trade near 980-990 and keep a stop loss of 959.
Buy MGL -Target 1016-1030 Mahanagar Gas Limited MGL
Inverse Head And Shoulder Pattern (This graph shows bullish reversal)
Target - 1016 - 1030+
NO STOPLOSS NEEDED
MGL inverted head and shoulder patternMGL forming inverted head and shoulder pattern if break out can give a upmove
MGL for 3% targetGo long above 1002 after 15 mins close for target 1033 and stoploss below trendline at 978
mglstock is trading at the lower end of the band
above 990 can expect the stock to move towards 999/1010/1023
as long as 980 is held on downside
Mahanagar Gas Daily Chart Bullish Gartley Buy Range 880-960 Target 1085 ....It may test 880 before going up
view 3 months
