MGL trade ideas
MGL, Near long term resistance, possible Breakout (Learn & Earn)MGL is looking good for long above 980. It has long term resistance at 985, if this is broken then it has possibility of good move.
This study is purely based on simple support & resistance analysis.
Price action is very simple to understand and main focus is price/patterns. Keep your chart clean and free from indicators, follow same process daily to get good results.
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MGL - Harmonic PatternsShort at Entry 1 and Entry 2 for the Targets as mentioned.
Taking Harmonic Patterns to different dimension and its a very high probability trade. It may reverse between these 2 entry level.
Play smart!
mahanagar gas looks bullishAs per the daily chart Mahanagar gas on an upward trajectory forming an ascending triangle ready to give breakout. The potential target I can see is 959 and 963..Anyone agrees ?
Disclaimer: Educational purpose only.
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 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
