What is this idea for?
New Elliott Wave for MGL started around 13th October and now we are in Wave 3 with a modest target of Rs. 890 - aiming for this price around 1st week of December. I am happy with price movements and trend lines.
MGL
Mahanagar Gas Ltd is in the business of City Gas Distribution (CGD), presently supplying Natural Gas in the city of Mumbai including its adjoining areas and the Raigad district, in the State of Maharashtra, India.
- Target price for MGL Rs. 890 by December 2020
New Elliott Wave for MGL started around 13th October and now we are in Wave 3 with a modest target of Rs. 890 - aiming for this price around 1st week of December. I am happy with price movements and trend lines.
MGLMahanagar Gas Ltd is in the business of City Gas Distribution (CGD), presently supplying Natural Gas in the city of Mumbai including its adjoining areas and the Raigad district, in the State of Maharashtra, India.
Trade active
Looks like it is reaching our Target. Stay put, do not move. :)Trade active
Some people have asked me if it will come down from 870 range, and answer is YES. There will be some correction around 872 but after that it will again move towards our target. If you have invested early and want to book profit then you can exit at 872.Trade active
Can exit at 877 .. and re-enter after correction for final target of 890Trade closed: target reached
Target Achieved
Falcon Trader
Trading Courses charts-stocks.com
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Ask for any script Falcon Wave count by DM
Twitter: @Falcon_Trader_1
Trading Courses charts-stocks.com
_________________________________
Ask for any script Falcon Wave count by DM
Twitter: @Falcon_Trader_1
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Falcon Trader
Trading Courses charts-stocks.com
_________________________________
Ask for any script Falcon Wave count by DM
Twitter: @Falcon_Trader_1
Trading Courses charts-stocks.com
_________________________________
Ask for any script Falcon Wave count by DM
Twitter: @Falcon_Trader_1
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.