#MGL possible to sell#MGL trading 830 formed bearish pattern,
Today trading our retracement level,
we can sell around 834 and tgt for 810
follow SL 850
Key stats
Volume
—
Current contract
MGLJ2023
Contract size
800
mahanagar gas limited05/04 educational purpose only
buy on dips
sl below 790.35
targets around 850 / 890
MGL future***educational purpose only
call on 15 min chart
can sell, cmp 754.60
SL above 758.50
target below 725
MGL BEARISH PATTERN
#MGL last trading session formed bearish patern,
today it has broken our support area,
once may touch retracement level 795-97 we can sell short term tgt 750,
# once break 805 and close(15min) it will move higher and high, higher level tgt 850-900 may see.
MGL Looks BearishMGL Looks Bearish & Ready to break swing low of 1081 if it breaks 1081 then quickly coming down another 40 pts. Indicators like MACD & RSI also support.
Potential Breakout to SidewaysIf the next two days we see a bounce from 1080 then we're probably in a sideways market. If it closes below 1080 and have a follow up downwards from there, it might lead to ~860 - 850
MGL: A Good Risk/Reward Ratio Trade Short Sell MGL Strictly below (SB) 1154 with initial SL 1170 Targets T1: 1124-30.
Options Buyers please buy 1100PE PUT options Strictly when Future price trades below 1124 not now.
Disclaimer :
Trading is never ever recommended as it is injurious to mankind. This is purely my study based on te
MGL seems may give breakout from triangle on daily tfMGL seems may give breakout from triangle on daily tf
Seems to be Very Bullish!!!!!!Analysed levels mentioned on chart!!!
For any Query Ping me into the inbox!!!
Regards @MrAkshatP
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