Mahanagar Gas day chart strong Resistance is 930 zone and support is trendline breakout of any level can show some momentum. keep eyes on it and wait for perfect entry.
MGL LONG
At discount levels and in formation of rounding bottom in mid term and triangle in short term.
Expecting some moves in short term. But first will move down a bit then the upmove.
No recommendations, Just view.
hey guys
mahangar gas Ltd is suitable for long trade
as we can see it has crossed its resistance area in downtrend
this stock is suitable for long swing trade
therefore, you can try to invest in this stock
and get high returns
😀😀
Mahanagar gas showing sign of bearishness
1. RSI negative divergions on weekly time frame
2. Fib level 0.236 already broken on weekly time frame and now next support is 0.382
3. Head & shoulder pattern broken
4. Rising wedge could break down
Date: 19 Nov 2020
MGL (CMP: 921.30)
Type of Chart: Weekly Chart
Diamond pattern formation.
The weekly volumes are increasing on buy side. RSI is moving above 50 levels.
Breakout above 950 levels on weekly basis will confirm the pattern. If that happens then look for stock to move up towards 1525 levels.
Time frame: 102 weeks. i.e. target can be achieved by...
MAHANAGAR GAS 10 July 2020
SHORT-SELL MGL @ 988
We have given this order based on the derivatives and our self owner equations - yes we have made huge numbers today. Cheers Guys! You did well !
Great order @ perfect price and perfect entrance
Mahanagar gas levels are clearly explained in the picture.
Our analysis is based on 1 Hr charts and we believe 1 hour...
After 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...
