MGL trade ideas

farcortex Updated 

MGL 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...

JUDEBOY

Good break out of a range to a new price range tgt stop and entry given..along with calculated tgt

TORTOISE_MS

MGL broke out of falling trendline on an hourly charts with okayish volumes & trading well above tht level. Could be bought with mentioned stoploss & targets.

simple_trader2022

MGL 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...

TRADERS_AREA

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 😀😀

mehulsan77

Already 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

TechieindusTrader

MGL Target as indicated . Look at the levels and do your research

Naveen_9111884321

Buy mgl fut762 sl 755 sell 770 at 11 ce also minor loss big profit margi 271000

Sunstorminvest

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Stockbull_Rahul

The stock looks good for long. Buy Buy. Its target I have shown in the picture. Thank You. Disclaimer: Don't just blindly Trade or Invest, learn and then trade. Manage your risks properly. This analysis is purely for EDUCATIONAL purpose

PrashantBhiwaniwala

Mahanagar Gas Ltd - 08.03.2022 The stock is trading @ 761 levels The prices are above EMA There is a DOJI followed by BIG WHITE CANDLE in Daily Chart The trend reversal will be confirmed once the prices go above 797 One can initiate a buy position at current levels with Support @ 734 Watch out for the price action

sasmitBiceps Updated 

MGL is currently near its weekly support. One can go long if the support is not breached and reversal patterns are seen on lower timeframes.

PriceActionPower

MGL Mahanagar Gas Ltd now trade 30% discount price 820 and very good potential for long i expect 1300

Elliot1999

MGL is near the completion of 5 year b failure flat correction which started in 2017.last 2 downside pending before the start of big wave 3 rally.

GLENCOUT

MGL is looking weak on daily and weekly basis which is supported by arc chart pattern. With this down trending and negativity in the market there is a potential to go down by 8% with a target price of 780

tilak_9538

Please Note the swing trade is on weekly time graph. Buy - CMP SL - 830 or Risk Trades (Last SL - price closing below 780) TGT: 1050-1080 Risk to Reward Ratio: 1:3 Please check with your financial advisor before investing. Or one can use this for study purpose as well.

yossarian121

2 sets of 5 up and corrections done. Potentially very bullish EW setup Stock is cheap anyways. Buy and Keep. no SL

MadhanaGopal_P Updated 

MGL has broken falling channel, expected targets marked on the chart. let's see