Sell MGL 800 PE at 2.10 Sell MGL 880 CE at 3.00 Stop Loss at -9K.
Enter long in MGL above 836 Target - 840, 845, 851 & 870 Sl- 825
MGL is getting compressed, might give huge movement once channel breaks PDH is broken - Buy PDL is Broken - Short
double bottom formed. Uptrend expected
Long if it breaks the high of the previous day with a stop loss at the previous day's low. 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. Similar to our Hexaware Setup -
MGL CMP 853 We observe a trade pattern here where the stock traded in a channel earlier (highlighted by red colour). And now we see the stock consolidating again in a replica of previous channel. The idea is to look for buying opportunities near channel bottom, thereby reducing our risk and increasing our reward potential. If we look at the chart on a longer...
Enter Short in MGL below 843 Target - 836, 831 & 820 Sl - 854
Well, We are already long as you can see here - This chart gives another prespective for intraday. Long if it breaks the high of the previous day with a stop loss at the previous day's low.
Entry on 31st August at 866.55 with an initial stoploss of 834.65 TSL using weekend strategy with a target of 891.05