MGL trade ideas
MGL - Bullish Shark - 4H TFBullish Shark pattern on 4H Chart of MGL. BUY 842-843.5, SL 835.6, Target(s) - 849, 853.
I starting learning Harmonics some days ago and just observing currently, how the price action works here and thereby trying to refine on my Target(s), SL and entry levels.
MGL - Bullish Shark - 2H TFBullish Shark pattern on 2H Chart of MGL. BUY 844-846, SL 837.9, Target(s) - 850, 852.
I starting learning Harmonics some days ago and just observing currently, how the price action works here and thereby trying to refine on my Target(s), SL and entry levels
Sell in FuturesOne can look for short selling on reversal daily candle and its slow it will move down to forecast target
MGL IB trade long on PDH* Sitting on necline support
* Formed a swing low
* Formed an IB
* Long on PDH
* potential booking points marked
* SL PDL
MGL inside bar trade Long if it breaks the high of the previous day with a stop loss at the previous day's low.
Short if it breaks the low of the previous day with a stop loss at the previous day's high.
In case of gap up above the previous day's high or gap down below the previous day's low, please avoid buying it or selling it respectively. Follow the ending of the candle formed in first 5 minutes and follow ORB strategy.
MGL - Long for 1200MGL should continue its journey to the upward, as the correction in completed
Entry : 990 <=> 975 Range
Stoploss : 3% (Closing Basis)
Basic Target: 1200
if you have any queries regarding above idea or any other stock feel free to D'M
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MAHANGAR GAS - Closes above major resistance lvlIt seems MGL has effectively closed above 986 strong resistance. Keep this stop loss level.
Target seems to be 1050.
MGL On the daily chart stock price has formed "CUP & HANDLE " pattern and has given breakout on closing basis
* This breakout is accompanied with increase in volume which supports bullish sentiments ahead
* The daily and weekly strength indicator RSI and the momentum indicator Stochastic both are in positive territory which supports upside momentum to continue in near term.
* Stock price has given positive crossover from its 20,50 and 100 day SMA which indicates positive bias.
* The above analysis indicate an upside of 1039 - 1059 invalid close below 977. #Findyourtrade
[Intraday] MGL Bounce Long TradeLong above 895.65, SL PDL
PDL = 882.40
If gap up or down, follow 5m ORB.
MGL Ltd : Morning star chart pattern.NSE:MGL
MGL Ltd : Morning star chart patter on weekly chart which is a bullish and strong reversal setup.
If starts trading above Friday high then we can expect good upmove in coming week ahead.
MGL..at supportMGL is currently sitting in 100 and 200 dma supports.. it formed a double top around 980.
looks weak..break below 200 dma can take it down to mentioned levels in blue.
NOte: this is my personal view only.
MGL.loss of gasMGL took a fall from 975 to 860.
in 30 mins chart it has formed bullish divergence.
expect a pullback
NOte: this is my personal view only
(am not good with divergences, please correct me if i am wrong)
MGL Inside Bar TradeLong if it breaks the high of the previous day with a stop loss at the previous day's low.
Short if it breaks the low of the previous day with a stop loss at the previous day's high.
In case of gap up above the previous day's high or gap down below the previous day's low, please avoid buying it or selling it respectively. Follow the ending of the candle formed in first 5 minutes and follow ORB strategy.
