MGL is breaking out with possibility of achieving its all time high price ( 1200+). Stop loss of 920. Disclaimer: The stock/index/currency discussed do not constitute Investment/trading advise and is merely an effort towards enhancing learning, knowledge and book keeping. Kindly do your own due diligence and/or consult investment advisor before making any...
Even in the falling market the stock is sustaining and now at taking support of EMA and forming small candles showing weakness of sellers. Buying with little risk can be good. Only for educational purpose.
This is based on triangle breakout..so buy...traders with a stop below the breakout line...Investors buy some here and IF MGL goes down ...average more there
MGL Buy for intraday trading if stock break the given resistence level..........
Good 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...
If price pullback 50% of the breakout candle then good opportunity for go long . #MGL Daily chart
MGL Buy for intraday trading if stock break the given resistence level..........
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 Buy for intraday trading if stock break the given resistence level...........
In 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.
be ready for breakout or breakdown happen bearish or bullish
Mahanagar 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.
MGL - Volatility is too tight here Might come out strong above 925 weekly close. Keep in watchlist
MGL Buy for intraday trading if stock break the given resistence level.............
After 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 broke important resistance today, expecting 895/925 levels
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...
Double bottom in mahanagar gas. If it's sustain above buying opportunity is there.