Good fundamental ratios, results , good dividend pay outs , debt free. need to close above previous month high and breaking the high of august month again will be a momentum run trade. Remember : You don't have to participate every party just wait and take invitation those from that you will be extremely happy by trading. Implement a techno fundamental system...
If price pullback 50% of the breakout candle then good opportunity for go long . #MGL Daily chart
MGL Buy for intraday trading if stock break the given resistence level..........
Long Consolidation is getting over for MGL. I see an upswing as the fundamentals are changing for short term!! Lookout the chart for levels with a SL of 868. Cheers!!
MGL Buy for intraday trading if stock break the given resistence level...........
In the Daily Chart of MGL , we can see that, it will be bullish once it crosses 925. Enter with SL and book profits at 1025 -1030 levels.
be ready for breakout or breakdown happen bearish or bullish
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 - Volatility is too tight here Might come out strong above 925 weekly close. Keep in watchlist
MGL Buy for intraday trading if stock break the given resistence level.............
After being in range (700-1200) for 5 Years Plan - Consider to Buy above 925 - and/ or Rejections near 700 PB 2x PE 13x ROCE 23% DivYld 3%
MGL broke important resistance today, expecting 895/925 levels
Fundamentally, this scrip is very strong and very good long term investment. Macro scenarios are in favour as energy will be in high demand in future. The October gas price review came as positive for city distribution companies, market was expecting 100% hike in LNG , but got 40%, which is good for IGL , MGL , GUJGAS . Technically, made a doji at downturn of...
Double bottom in mahanagar gas. If it's sustain above buying opportunity is there.
Double Bottom with retest also done looking good current market price high probable trade !
NSE: MGL has broken a critical resistance level on daily time frame. Long position can be initiated with target of 1:1 or 1:2 risk reward ratio Disclaimer: This is for educational purpose. We are not SEBI registered analysts. #TrendAnalysis #NSEindia #Trading #StockMarketindia #Tradingview
Double Bottom Breakout Trade Setup. Double Bottom Breakout Trade Setup