Here comes another Stock for Day Trading for 17 Feb 2023. The Chart is breaking out Ascending Channel @ 920.85. In hourly Time frame, it is already showing price action at this level. Thus, signaling that we may have a new support @ 920.10. Thus, we may see a breakout with new targets as 975 and 1065. Entry Level is 933 not before that , with a small SL of...
MGL:- Rounding bottom pattern is formed, stock is about to give breakout after 1 and half year, if breakout occurs then we can see upside movement, till then keep your eye on stock
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas...
Hi guys, In this chart i Drew My Best Levels in MGL for Short, Observed these Levels based on price action and Demand & Supply. Don't Take any trades based on this chart/Post...because this chart is for educational purpose only not for Buy or Sell Recommendation.. Thank Q
In Weekly chart of IGL, we can see multiple rejection at 900-910 level.
upward momentum is expected in coming weeks once it crosses the above level.
Enter with SL for a target of 1020-1040.
Mgl At Daily Time Frame Stuck on Resistance which is previously acted as Major Support
If 15Min Candle can Break This Resistance and Hold To Support Will See The Big Trend In Next Session,
MGL
Key highlights: 💡⚡
📊On 1h Time Frame Stock Showing Breakdown of channel Pattern .
📊 Strong bearish Candlestick Form on this timeframe.
📊It can give movement up to the Breakdown target of below 805-.
📊Can Go Long in this stock by placing a stop loss above 872+.
📊 breakdown this can give risk:reward upto 1:7+
Mahanagar gas is good for going long above 926 with a stop of 900 for the targets of 950/990
915-925 is a resistance zone on charts breakout of this zone will move the price higher .
MGL LONG VIEW
Beautiful chart pattern forming rounding bottom. Formed triangle and retraced back successfully . Now expecting a good move after 900.
tgt - 964 - 1024 - 1260 with short to medium term view.
No recommendation. Just view.
MGL likely to trade in between this wedge pattern before breakout or breakdown.
Trend mostly indicate breakout but downward retracement is expected as per RSI
Mgl is making inverted head and shoulder on weekly chart. Price is closing on weekly Ema 52 with RSI positive divergence which indicates some short term strong bullish up moves. Fundamentally also good as PE and EPS.
MGL
Day before yesterday when markets looked difficult, charts indicated that MGL is at Support and that odds are in favor of going Long...
In 2 days the stock has rocketed and even in an overall down market this stock is holding up firmly...
Note this is not any recommendation now. Just to showcase how technical analysis can improve our trading....!!!
The...
