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Mahanagar Gas toward 880After the initiative selling away from the big uptrend, value price makes a small shifting value. At this point, you need to start looking for the new control of price. I want you to go through the following thinking process when looking at this chart. Value is moving up, the control price is pointing up so we are in an uptrend for the moment. The trading activity is taking place on both sides of the control, we cannot see a clear difference in the volume of activity on the two sides of the value area. This indicates that the uptrend is not very strong. It is probably just a short move upwards, correction of price in a bigger downtrend on a higher timeframe. Short Mahanagar Gas Target toward 907-880, Stop: 944 Thanks
NSE:MGLShort
by Trading_buddy
Indian Oil Corp Price at monthly trend linepink line is monthly support around 70 rupees. it is important to see this level when price hit this trend line support if price able to maintain this level than it can move upward to short term target 80 , 90 , 100 as relief rally ( corona crisis so it can repeat usoil rally too.) no oil consumption can lead this to 50 , 60 rupees zone. same as usoil contract about to expire and negative price hit. but yes until pandemic is not over oil will go dip
NSE:IOC
by iamcryptoman