MGL Target as indicated . Look at the levels and do your research
Mahanagar Gas Ltd - 08.03.2022 The stock is trading @ 761 levels The prices are above EMA There is a DOJI followed by BIG WHITE CANDLE in Daily Chart The trend reversal will be confirmed once the prices go above 797 One can initiate a buy position at current levels with Support @ 734 Watch out for the price action
MGL Mahanagar Gas Ltd now trade 30% discount price 820 and very good potential for long i expect 1300
Please Note the swing trade is on weekly time graph. Buy - CMP SL - 830 or Risk Trades (Last SL - price closing below 780) TGT: 1050-1080 Risk to Reward Ratio: 1:3 Please check with your financial advisor before investing. Or one can use this for study purpose as well.
MGL is as per charts very negative. 5 days future data shows short build up. 1 day future analysis shows 67200 shorts vs 2000 long. still the sector is reinventing gas prices to be higher and here the stock is making low buy the stock for long term however for now its a short. yogesh aggarwal.
i have mark everything on charts best place to buy is around 1090 with sl of 1000 targets 1600. this share can give 40 % return in short period thanls
This stock is out of consolidation can look for bullish trades on lower retracements for a swing refer chart for details
MGL Looking Bullish Above 1160 if cross and sustain will touch 1195,1230,1250 Respectively
MGL should give trendline breakout above 1178-1179 Target 1197-1205-1213++ We will use TSL from 1156
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
The stock has reached lower trend line and looks to take support and may undergo a reversal rally. Trade is supported by brokerage calls and Supports Nearby & 200 EMA . Risk Reward Ratio - 1:1. SL is placed below major support zone and target is place near swing and channel high. Note: As the market is under selling pressure, enter only after confirming a reversal.
MGL Trading inside channel .. The overall trend is positive Long MGL CMP-1153 Tg1- 1224 Tg2-1270 SL-1120 Below Day candle close
POSITIONAL LONG VIEW IN #MGL CMP SPOT - 1254 BO RE - TEST LEVELS 1234 - 1215 ACCUMULATION ZONE BUY MGL RANGE 1234 ADD MORE 1215 STOP LOSS 1200 ON CLBS TARGET - 1260 1280 1300 1330 +++
BUY MGL JUN FUT @CMP (1185.15) TGT 1190.45/1198.20 SL 1170.40
MGL tried to break the support level but, failed. We can expect a rapid up-move in MGL tomorrow.
MGL - CMP 1096. It is on break out. It has cleared many resistance points with huge cash volumes and rise in OI. It is on breakout with bowl formation. Can reach targets of 1190 and 1245, 1300. This is purely for educational purpose, any investment shall be done after consulting financial expert.
MGL has witnessed breakout at daily chart. Can go long with target of 1220 with the sl of 970. Entry level: 1070.