MGL trade ideas
MGLMGL simple and clean chart, wait for price to come to support levels 770-757. buyers will step in this region and we can see a decent bounce from there towards 810/860/910
Weekly Chart Weekly time frame is very powerful ... let see if it support this ..... lets wait for Reversal Confirmation
Mgl can breakout to higher levelsMGL has made a good bullish move from the lower levels by forming an ascending triangle structure and can break the zone to higher levels. Volume is also increasing in the zone, leading to higher probability that it will move upwards.
MGL can breakout the triangle zone on higher levelsMGL has formed a bullish right angle triangle formation and can breakout on higher levels.
MGL stinks of Psychological overhangThe stock seems to having headache from the fact that it FAILED to pass the 1000 psychological level and the retracement on downtrend was just .232. Which makes a probable case for trend continuation and we target .5 fib extension.
Live Intraday Trading - Breakout trade in MGLA very good entry in MGL at breakout level which I have marked in the video . Though , I came out pretty quickly for some external reasons . Otherwise , it was a perfect breakout trade with a perfect entry point .
MGL breakout/supportMGL broke all support lines and is at last support line... i think it will break down and can fall down further
MGL
JUST CHECK THE PREVIOUS CHART SHARED, WHERE IT HIT OUR EXACT TARGET FROM THE SUPPORT
ALSO ONCE IT BROKE OUR SUPPORT, IT RETRACED 3% FROM THERE.
MGL NOW AGAIN CAN BE ENTERED WITH SUPPORT AT 960-963 WHERE IT CAN AGAIN REACH 974, 983, 990
IF BREAKS THIS SUPPORT, THEN CAN REACH 942
*********************************************************************************************************************************************
Hi all,
Its pleasure to have you all here.
I have started putting these charts as a contribution from my side to all people who are new to business, as I had to struggle a lot without any sources at disposal. So please consider this a just small contribution from my side.
Few Honest Disclosures:
1. Any idea shared is my personal view, its not a recommendation, neither any kind of paid propaganda, so please
do your bit of research.
2. Ideas shared does not mean that I trade all or have position in them, this is just a helping hand to all.
3. I expect no comments or like nor any negativity, as I said its just a small helping hand from my side, please plan your risk and trade as per your capacity.
4. To trade in Cash, options or futures is your sole choice and your own risk
5. I am no expert in Tech Indicators, I believe in support resistance and trendline theory, you may use this as a supplement theory for better results.
6. I work for my own living, this is a hobby which I do sincerely to help anyone who might come across my charts.
***********************************************************************************************************************************************
MGLNSE:MGL
It has been able to clear the marked area, from here it can be a buy above 1000 for target of 1016, 1024 and further it might go to 1038.
**********************************************************************************************************************************************
Hi all,
Its pleasure to have you all here.
I have started putting these charts as a contribution from my side to all people who are new to business, as I had to struggle a lot without any sources at disposal. So please consider this a just small contribution from my side.
Few Honest Disclosures:
1. Any idea shared is my personal view, its not a recommendation, neither any kind of paid propaganda, so please
do your bit of research.
2. Ideas shared does not mean that I trade all or have position in them, this is just a helping hand to all.
3. I expect no comments or like nor any negativity, as I said its just a small helping hand from my side, please plan your risk and trade as per your capacity.
4. To trade in Cash, options or futures is your sole choice and your own risk
5. I am no expert in Tech Indicators, I believe in support resistance and trendline theory, you may use this as a supplement theory for better results.
6. I work for my own living, this is a hobby which I do sincerely to help anyone who might come across my charts.
***********************************************************************************************************************************************
R-0047 Buy MGL @993.00-994.15 SL 973 TGT 1030Intraday Cash Buy MGL @993.00-994.15 SL 973 TGT 1030 cross over followed by a cloud breakout with huge volume
Bearish on charts MGLIf MGL breaks and sustains below 950 in coming days then more downside possible upto 880-850
MAHANAGAR GAS 10 July 2020MAHANAGAR GAS 10 July 2020
SHORT-SELL MGL @ 988
We have given this order based on the derivatives and our self owner equations - yes we have made huge numbers today. Cheers Guys! You did well !
Great order @ perfect price and perfect entrance
Mahanagar gas levels are clearly explained in the picture.
Our analysis is based on 1 Hr charts and we believe 1 hour charts are a perfect tool for the daily trends and intraday analysis. Our support and resistancelevels are unlike others , we opt for hourly charts and technical analysis . Our analysis is based on levels , algorithms which we created , beyondtechnical analysis and mathematical equations and derivatives.
In the chart you can see the red and blue rounds. Clearly it shows the Supprt and resistance levels with accurate dynamics.
Sometimes we work on daily and weekly charts too for derivatives and fundamental analysis .
It’s a good idea to short sell at the current price as it’s averaging there.
Top resistance and Support is given clearly.
However average sell can be given at current price.
The lower highs and the lower lows give are also clearly explained and detailed for our intraday Analytics.
Our ideas and levels are our own created and out of our strong fundamental basic knowledge on trading and the self created analysis. That’s the reason we are highly accurate on forecasts we give.
Contact me for more analysis and recommendations.
Clear support & physiological level #Nifty #MGLA good breakthrough after 1000 level very good support is about to break its level.
