we tried to capture the Full "U" shape pattern, in this trade. SL 5% & Target 19%. based on past rally
GETTEX:NSE : MGL Is a good fundamental stock. and latest Q. profit check out all-time-high > According to my analysis company has good future growth and also there are multiple sigh > On the chart pattern we can see there are multi-year breakouts and now testing all-time high levels of re-test * value buying stock on re-test levels *
MGL Ltd CMP 1315 Multi Year Breakout Level Retested Buy Some At 1123, Some At 1071, Some At 1042
This study is an educational post, not a trade /investment recommendation. What looks like a double bottom can reverse multi-year trend at times and provide great investment opportunities!
NSE:MGL One Can Enter Now ! Or Wait for Retest of the Trendline (BO) ! Or wait For better R:R ratio ! Note : 1.One Can Go long with a Strict SL below the Trendline or Swing Low. 2. R:R ratio should be 1 :2 minimum 3. Plan as per your RISK appetite and Money Management. Disclaimer : You are responsible for your Profits and loss, Shared for Educational purpose
*MGL* seems good for long term target of 1500/1800/1973. CMP 1260. SL below 1050 with Positive RSI.
TARGET MENTIONED IN CHART - SL 1165 FUNDAMENTALS Market Cap ₹ 12,988 Cr. Current Price ₹ 1,315 High / Low ₹ 1,345 / 830 Stock P/E 11.3 Book Value ₹ 474 Dividend Yield 1.98 % ROCE 26.8 % ROE 20.4 % Face Value ₹ 10.0 Promoter holding 32.5 % EPS last year ₹ 80.0 EPS latest quarter ₹ 34.3 Debt ₹ 115 Cr. Pledged percentage 0.00 % Net CF ₹ 35.4...
TRIANGLE CORRECTION : ELLIOTT WAVE ANALYSIS A triangle is a sideways movement that is associated with decreasing volume and volatility. Guidelines Triangles have 5 sides, Corrective structure labelled as ABCDE Location : a- Usually happens in wave B or wave 4 b- Wave D in triangle itself c- If in second then 2 will be zigzag and this will happen in B of...
F&O stock:- MGL 6 year old monthly trendline breakout with huge spurt in volumes for swing target of 1373 and 1472. Accurate trading
STAY in MGL going to touch Target... It will give nice move again.
Look at the chart for Levels May give a breakout soon
MGL is looking good above 1270, box breakout after years of consolidation is nearing, if it breaks the box a solid move can be seen. Note: Please consult your financial advisor before any investment.
MGL cup and handle pattern. Target shown in the chart. Fundamental good Note: Just for knowledge sharing purpose.
MGL - Elliott Wave Count this view not a 100% reliable to take trade. its just a tentative view based on the current market movement. if the market breaks the channel and comes back inside then we can take short trade for the target near bottom trendline. SL will the whatever the high made after the Trendline breakout. Please note that this information is for...
It’s not an investment suggestion, sharing just for knowledge sharing purposes. If it breaks this particular resistance level than it should rally up to the next resistance level.
tgt levels 1150 and above as it follows rising uptrend line.
#mgl - Approaching BO. Risk reward 1:4 SL is defined. PS : Only for learning purposes. Please consult your financial advisor before investing.