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 trade ideas
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
MGLMGL STANDING ON IMPORTANT SUPPORT ZONE IF MGL BREAK THEN IT WILL FREE FALL TO 934-900, BE CAUTIOUS
Mahanagar Gas long for target of 1400Chart Form Double bottom and crossed the breakout with high volume.MACD shows positive sign .
OFF LOAD MGL / DIS INVESTMENT IDEA OFF LOAD THE STOCK AT 1225 LEVELS
IF SHORTING THE STOCK SELL RANGE IS 1230 TO 1240 KEEP SL 1280
TGT IN COMING DAYS
1175/1156/1100
& BELOW
MGL.. DOJI ON TOP MAY SIGNAL TREND REVERAL..!!!!!!!!!MGL
Doji on top
watch range break 1198-1175
if breaks 1175 on downside
than may slipto 1125--1100
@MDstockmagic
educational purpose
