MGL trade ideas
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
SBIN Largecap 12/13/2019, 9:45:00 AM
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
MGL is at resistence around 1060.MGL is at resistence around 1060 on daily chart. Should get some red ticks.
MGL, Pennant Pattern breakout extpectedMGL has formed Pennant pattern on 15 min timeframe. Expect breakout in either direction for trade.
MGL: Step on the Gas .!MGL has been a star performer and has been fueling some strong upside for the past few weeks. The charts have been steadily forming higher lows indicating possibility of heading higher. The last few days the pullbacks in this counter have been witnessing some buying interest. Yesterday the robust Q2 numbers brought in some cheer and the strong run up clearly highlighted that the positive news produced a strong surge. The prices right now are curbed by the confluence around the 78.6% Fibonacci resistance and the median line. This zone was surpassed during the day but has closed below it.
The trends continue to blow positively for this counter as can be seen from the momentum readings. With the RSI continuing to revive from the Neutral Zone we could be looking at this counter from a positive frame of mind. Overall setup indicates potential to move higher hence one can look to buy above 1010 with a stop below 980 for a rise towards 1090.
Idea Sourced From NeoTrader
trade.chartadvise.com
