MGL trade ideas
MGL 775-767 will act as Support If Broken with Volume and Sustained below support then Can Slide till 730
MGL Channel Play with Inside BarMGL is playing within a channel has formed an Inside bar at Resistance.
If PDH is broken, go long.
If PDL is broken, channel sustains, go Short
MGLStraight Flagpole and now a Bullish Flag is in the making. Price reached 200 DMA which is decisive. A breakout is in the office and price above 200 DMA at 282 will boost the bullish sentiment. SL please.
MGL Channel breakoutMGL just broke out of its channel , One can go long with R:R 1:1 with TARGET 1 till 1230 and target 2 tilL 1265 for R:R 1:2 .
With stoploss at 1160 ie is the low of previous candle .
