1. MGL has been respecting the channel for a while. 2. It is close to two important resistances; one the upper trend line of the channel and the second is the 52 week high. 3. if it crosses both, a rally may be seen in MGL. 4. The volume suggests MGL is gearing up for the same.
Good chart structure Braekout on the stock Targets 1054/1074 Stop loss 1017 I am just representing my views. For educational purpose only.
#MGL trading 830 formed bearish pattern, Today trading our retracement level, we can sell around 834 and tgt for 810 follow SL 850
05/04 educational purpose only buy on dips sl below 790.35 targets around 850 / 890
***educational purpose only call on 15 min chart can sell, cmp 754.60 SL above 758.50 target below 725
#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 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.
If 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
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 technical charts and for educational purpose only. Please do your...
MGL seems may give breakout from triangle on daily tf
Analysed levels mentioned on chart!!! For any Query Ping me into the inbox!!! Regards @MrAkshatP
H & S formation on hourly frame and bullish above 1100 level. All levels are marked.
Cash & Future Buy near 860-870 for the tgt of 900/940/960/990/1020/1060 Sl 820 Disclaimer : Ideas for learning only.