MGL trade ideas
MGL KEY LEVELS POSITIONAL VIEW ONLY TRADE ON BREAKOUTsMGL BUY ABOVE 1090 SL 1065 TARGET 1105-1125
MGL SELL BELOW 1040 SL 1065 TARGET 1020-998
My views are for educational purposes please ask your financial advisory before trading
MGL STOCK OF THE WEEKPLS MAINTAIN THE ENTRY SL TGT AS MENTIONED IN THE CHART.
TGT TIME FRAME 1 WEEK.
MGL | BREAKOUT ABOVE 1100Let it break with Good Volume!!
Above 1100, Looks Bullish!
15-30 points can be made through Intraday Trade.
MGL - Triangle formed...awaiting breakAs seen in the chart, MGL under traingle...Huge Explosive move awaited...Keeo watching
SELL MGL MGL 1050
RESISTANCE : 1070 1090 1117
SUPPORT : 1036 1002 983
NOTE : 1050 is the main for support stock trade below 1050 is negative for stock . So watch 1050 as a main support . Support and Resistance on closing bases
MGL 16th June Lower zone or upper zone ?
will look for 1030 levels to go long
Buy at 1030
SL 1017
TGT 1042 and 1055
MGL , gas leak !!!!!MGL resistance zone 1060 clear can be seen !!! any action to be played only above this !!!
MGL - CLOSED ABOVE RESISTANCE!!Mahanagar Gas Ltd.
The stock closed above the resistance level.
The technical indicators are bullish.
Volume is higher than average.
Near by resistance is 1160 and support is 100DAY SMA(991) on the daily chart.
KEEP AN EYE!!
#tradingedge_academy #SMTA_institute
Buy MGL 1058-1065Technical Trade - MGL reclaimed 50dma and 200 dma recently and since then it has been well. Currently, the price is around 61.8 retracement and today close looks constructive. Nifty is down 200 points but MGL has closed strong with 233% above average volume. If the price continues to move up with good volume, i will enter between 1058-1065
MGL Daily Analysis 17 May 2020S/R Marked
FIBO Levels
Positive CRS
EMA
Still some parameters need FAR.
MGL Inside Bar BreakoutMGL has formed a large body candle the previous day followed by a small range DOJI candle on daily timeframe.
The price is moving along a rising trend line & price is currently at the trend line.
The next candle may give a fine move on any side, either respecting the trend line and breaking above or breaking it below.
Long above 1014
Short below 991
Fixed target: 1% (or the nearest S/R)
NOTE: Trade with confirmation of momentum & volume on lower timeframes in intraday.
MGL in Channel Pattern in 5 min Chart Ready for breakoutMGL in Channel Pattern in 5 min Chart Ready for breakout. Keep a eye tommorrow for breakout. and get it into trade as soon as you see breakout.
MGL Trading SetupDisclaimer: All charts are purely for educational and information purpose only. Invest or Trade at your own risk.
MGL BreakoutA Good breakout can be observed and after trying multiple times MGL has come out of resistance zone with good volume .
A Positional trade can be taken with a potential of ~20% Profit.
Entry can be taken at support(earlier resistance) @ 986 confirming it's not a false breakout.
Exit can be made @ 1234
