POSITIONAL LONG VIEW IN #MGL CMP SPOT - 1254 BO RE - TEST LEVELSPOSITIONAL 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 +++Longby tradingandeducation0
MGL : LONG-INTRADAY {Support and Resistance} 17-05-2021MGL tried to break the support level but, failed. We can expect a rapid up-move in MGL tomorrow. Longby ShaswatNaman0
MGL in consolidation phaseMgl is in consolidation phase. Expecting this phase to continue for short term. MGL will see a spike in price once work starts on natural gas availability in small cities. Longby msonalkar0
Inverse H & S and if price close above 1209 then longInverse H & S and if price close above 1209 then longLongby stockplan223
MGL { 15 M short }Stock following a resistance trend line for reversal + IB in formation following a Doji Short as it breaks, rest is as per charts Note :- Entry - At the break of mentioned candle's low/high Stop Loss - In a Short Trade, I always use Previous Candle High ( PCH ) as a stop loss while entering the trade. Sometime I might use 15 M tf SL & trade in 30M tf which I'll mention. Vice Versa for long trades Trailing Stop Loss ( TSL ) - Mostly I trail stop loss by PCH as price falls . I exit as PCH breaks & vice versa Use of PSAR as TSL :- TSL get's hit in trend following due to noise, In such cases I use PSAR to be in trend & exit if PSAR direction change You can use any one of above mentioned or your own way to manage risk Time Frame :- I take ~ 90% of my intraday trades in 15m tf. Where my analysis might come from higher frames like W , D or 1hr chart pattern which will be mentioned. Target :- I do set target line based on support / resistance slightly above/ below it . Please pay attention to itShortby ShivamMendhare2
MGL { 15 M short }IB in formation at resistance in W frame . rest is as per charts Note :- Entry - At the break of mentioned candle's low/high Stop Loss - In a Short Trade, I always use Previous Candle High ( PCH ) as a stop loss while entering the trade. Sometime I might use 15 M tf SL & trade in 30M tf which I'll mention. Vice Versa for long trades Trailing Stop Loss ( TSL ) - Mostly I trail stop loss by PCH as price falls . I exit as PCH breaks & vice versa Use of PSAR as TSL :- TSL get's hit in trend following due to noise, In such cases I use PSAR to be in trend & exit if PSAR direction change You can use any one of above mentioned or your own way to manage risk Time Frame :- I take ~ 90% of my intraday trades in 15m tf. Where my analysis might come from higher frames like W , D or 1hr chart pattern which will be mentioned. Target :- I do set target line based on support / resistance slightly above/ below it . Please pay attention to itShortby ShivamMendhare0
MGL - ShortMGL CMP - 1041.05 Looking bearish in higher time frame. One can go for Intraday / Swing Trade setup with the following entry, exit & targets Sell at or Below 1040 ONLY / Stop Loss 1049 Target 1 - 1035 Target 2 - 1030 Target 3 - 1025 Disclaimer: This is my view and for educational purpose only. Shortby rafeahmedUpdated 0
MGL- CMP 1096MGL - 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.Longby avlnrao635
Make a flag pattern MGL a flag pattern keep on that and Rsi above 60 at daily chartLongby gptkrishnagupta111
Breakout on daily chart.MGL has witnessed breakout at daily chart. Can go long with target of 1220 with the sl of 970. Entry level: 1070.Longby simplyhimanshur1
Mahanagar Gas Ltd (MGL) 60% ProfitDate: 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 14 Nov 2022. If purchased at 950 then Profit = 60% over a period of 2 years. Very good returns for long terms bet.Longby Mayur_UndaleUpdated 2
MGL - The Cup is almost done...MGL - The Cup is almost done. wait for handle. from where ever it forms it can have a 160-200 pts upmove. What if the handle doesnot form at all and it moves up, then an aggressive trade bet may be taken for a SL of 880 DISC: Not a SEBI Registered. I post charts for my own study. by prameshp2