MGL: Rise and Shine ? 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 trade ideas
MGL Buy for intraday tradingMGL Buy for intraday trading if stock break the given resistence level...........
MGLIn 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.
MGL I have found a chart of pattern mark level on chartbe ready for breakout or breakdown happen bearish or bullish
MAHANAGAR GASMahanagar 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.
MGLMGL - Volatility is too tight here
Might come out strong above 925 weekly close.
Keep in watchlist
MGL Buy for intraday tradingMGL Buy for intraday trading if stock break the given resistence level.............
MGL - Demand emerged at 700-800 in Mar-22 and 750-900 in Aug-22After 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 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.
Double bottom in mahanagar gasDouble bottom in mahanagar gas. If it's sustain above buying opportunity is there.
MGL Weekly Double Bottom with retest also done looking good current market price high probable trade !
MGL - Trend Analysis - 8th AugNSE: 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 SetupDouble Bottom Breakout Trade Setup. Double Bottom Breakout Trade Setup
MGL LONGMGL LONG
At discount levels and in formation of rounding bottom in mid term and triangle in short term.
Expecting some moves in short term. But first will move down a bit then the upmove.
No recommendations, Just view.
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.
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Happy Trading!
MGL..Good buyGood break out of a range to a new price range tgt stop and entry given..along with calculated tgt
MGLMGL broke out of falling trendline on an hourly charts with okayish volumes & trading well above tht level.
Could be bought with mentioned stoploss & targets.
MGL SHORT ViewMGL after trying to sustain and move above fell down to the market situations.
Good to short for some short time. Can easily move to the nest support zone around 680.
Trade safe. Manage risk. Be profitable.
Please follow us for more simple trading analysis and setups. Also let me know in the comment in case you have any queries.
Disclaimer :- This is just my view. Please analyze charts yourself and then decide to take any trades.
mahangar gas Ltd is suitable for swing trade hey guys
mahangar gas Ltd is suitable for long trade
as we can see it has crossed its resistance area in downtrend
this stock is suitable for long swing trade
therefore, you can try to invest in this stock
and get high returns
😀😀
GASSSSSAlready had a small position, today added a bit more.
Price is reversing from a very long term support, and broke recent consolidation around same long term level.
Strict Stoploss at 768
