BUY MGL-REVERSING FROM STRONG SUPPORT LEVEL OF 985
-TARGET 1005
- MAKING BULLISH HARAMI CANDLE AT SUPPORT LEVEL
MGL trade ideas
MGL Would love to long it above 990 for a target of 1008, 1031, 1047 and 1067 as final target. The momentum is good, if it cant break 990, it can be a short candidate for a target of 942.
Mahanagar Gas toward 880After the initiative selling away from the big uptrend, value price makes a small shifting value. At this point, you need to start looking for the new control of price. I want you to go through the following thinking process when looking at this chart. Value is moving up, the control price is pointing up so we are in an uptrend for the moment. The trading activity is taking place on both sides of the control, we cannot see a clear difference in the volume of activity on the two sides of the value area. This indicates that the uptrend is not very strong. It is probably just a short move upwards, correction of price in a bigger downtrend on a higher timeframe.
Short Mahanagar Gas Target toward 907-880,
Stop: 944
Thanks
MGL IMP LEVELSBUY ABOVE 992 TGT 996/1000/1004
SELL BELOW 937 TGT 933/928/921
Disclaimer : Trade at your own risk
Mahanagar Gas Ltd - bearish Bias - Short at current levelsMahanagar Gas Ltd - bearish Bias - Short at current levels
Mahanagar Gas - Mid Term swing IdeaGood Morning friends,
Here is my idea that how mahanagar swings will be in Mid term.
