MGL short term viewsustain above 922 momentum will lead the price to reach 936-938 with sl of sustained candle low
sustain below 883 lead the price to reach 872/858 with sl of sustained candle high
**Educational purpose only
MGL trade ideas
MGL a decisive break above 918 might take the stock towards 930/937
as long as stock trades above 900
Double top confirmed by Fibonacci retracementMGL seems to have formed a double top and will likely fall another 60 rs.
MGL IMPORTANT LEVELSBUY ABOVE 992 TGT 996/1000/1004
SELL BELOW 937 TGT 933/928/921
Disclaimer : Trade at your own risk
MGL (Intraday idea)Buy if it sustain above 973 for the targets of (985-990) / (995-1000)
Sell if it sustain below 964 for the targets of (955-960) / (940-947) / (928-934)
Bearish Shark #HarmonicTrading Harmonics In ActionBearish Shark #HarmonicTrading Harmonics In Action
Short term trend trade One can wait for close below the info line on chart or wait for up side move and reverse , look to trade in this pattern formation forecast
MGL will be a very good candidate for long NSE:MGL has closed 50 ma in weekly suggesting that it has a very good support , it is near the 50 ma in daily timeframe , will be a good bet , as it has been increasing with good volumes
