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MAHANAGAR GAS LIMITED

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MGL trade ideas

Upcoming retest MGLGood 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 where you can see amazingly the price action works according to the company's performance and tech chart. Price move without significant volume is not trust worthy. when i realized this i had totally changed my entire trading system. Happpy Trading guys
NSE:MGLLong
by stocktrading1988
MGL Long. Target 1040-1050.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 three weeks. Expect fast movement next week. Expect a very big move next week on the upside. It wouldn't be a surprise if scrip achieves 25% up move in a week. For reasoning look at our IGL chart posted earlier. Disclaimer: This is for knowledge sharing. Consult your financial advisor before investing. Note: RBI governor commentary is highly positive for Indian market, and in global turmoil, ENERGY and UTILITIES going to shine. This is one of the favourite pick for high returns.
NSE:MGLLong
by UnknownUnicorn25812798
1
MGL Long TradeMGL appears in downtrend currently. However, the valuation is attractive. The results are already factored in price. If it breaks the trendline, it is good for long position, with targets as shown. These are volatile market times. Please protect your capital and trade carefully. This idea is for educational purpose only. Please use strict stoploss and money management rules. Please consult your financial advisor before investing. If you support the idea, please hit 'Like' button. You can donate coins too. Happy Trading!
NSE:MGLLong
by farcortex