MGL trade ideas
MGL - Uptrend from 995/1000Here, i think that there is a potential upside in MGL (Short position) - 20 Days.
The price currently is Rs .1014 and i expect that by 5th February 2020, the price should touch Rs .1092
The trendline has been strong for MGL .
If you open the daily chart of IGL , you'll notice that there has been a good support to upward movement.
Disclaimer- These are my personal views and not a trading advice. Do your research before trading or investing. I/we are not liable for any loss that may occur. Trading involves high risk and should be done cautiously. (Also, enjoy the process, with every Gain/ (Loss), you get some insights which should be analyzed in detail and taken a note of. Let's grow together as a community and spread knowledge.
[Intraday] MGL Aggressive ShortAggressively shorting with small SL at day high + few random points. It may hit SL with high POP.
[Positional] MGL Double Top BetAs per the charts. Do not short unless that line breaks.
PS: I will not short even if it breaks. I just posted to keep it in diary. I always lose time (first it goes to huge loss when I short it and then it goto tiny profit.) if i touch it
MGL trapped in support & resistanceMGL is in clear uptrend
but facing support at 1000
and resistance at 1070
so I will wait for stock to come near these levels
Keep tight SL of 15-20 points, which if broken then
will lead to breakdown or breakup
Mahanagar Gas - Study - Long above 1075Long Mahanagar Gas above 1075 for the Target.
Target 1: 1149
Target 2: 1239
Stoploss: 1055
Short MGL Target 1050 / 1030 / 1000/ 960, SL 1090MGL is not looking good, We can short for the target of 1050 / 1030 / 1000/ 960, SL 1090.
[Entropy] Case of MGLBB Bands %B has to be -1 instead of -2
+
High is broken!
BEL Largecap 12/13/2019, 9:45:00 AM
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SAIL Midcap 12/13/2019, 9:45:00 AM
JSWSTEEL Largecap 12/13/2019, 9:45:00 AM
VEDL Largecap 12/13/2019, 9:45:00 AM
GRASIM Largecap 12/13/2019, 9:45:00 AM
HINDALCO Largecap 12/13/2019, 9:45:00 AM
TATASTEEL Largecap 12/13/2019, 9:45:00 AM
BHARATFORG Largecap 12/13/2019, 9:45:00 AM
ESCORTS Midcap 12/13/2019, 9:45:00 AM
M&M Largecap 12/13/2019, 9:45:00 AM
BALKRISIND Midcap 12/13/2019, 9:45:00 AM
SRF Midcap 12/13/2019, 9:45:00 AM
SRTRANSFIN Largecap 12/13/2019, 9:45:00 AM
MOTHERSUMI Largecap 12/13/2019, 9:45:00 AM
NIFTY Largecap 12/13/2019, 9:45:00 AM
BANKNIFTY Largecap 12/13/2019, 9:45:00 AM
TVSMOTOR Largecap 12/13/2019, 9:45:00 AM
PNB Largecap 12/13/2019, 9:45:00 AM
these all will trigger at once if you remove that condition
Positive breakout and Trendline support#MGL on weekly chart taking support of trendline as well as RSI.
#If broke and sustained 1065 the 1st target is 1100. but first need to above 1050.
MGL HAVE DOUBLE TOP , BUT NO REJECTION CANDLE YET , MGL HAVE DOUBLE TOP , BUT NO REJECTION CANDLE YET , WAIT FOR SELLERS TO COME THEN START SHORTING FOR UPCOMING DAYS
