MGL - Bearish ViewMGL - Elliott Wave Count
this view not a 100% reliable to take trade. its just a tentative view based on the current market movement.
if the market breaks the channel and comes back inside then we can take short trade for the target near bottom trendline.
SL will the whatever the high made after the Trendline breakout.
Please note that this information is for educational purposes only, and it is crucial to trade with caution.
NSE:MGL NSE:MGLZ2023 BSE:MGL
Mglanalysis
Mahanagar Gas Ltd - 08.03.2022Mahanagar 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