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Mahanagargas

Mahanagar Gas Ltd (MGL) 60% ProfitDate: 19 Nov 2020 MGL (CMP: 921.30) Type of Chart: Weekly Chart Diamond pattern formation. The weekly volumes are increasing on buy side. RSI is moving above 50 levels. Breakout above 950 levels on weekly basis will confirm the pattern. If that happens then look for stock to move up towards 1525 levels. Time frame: 102 weeks. i.e. target can be achieved by 14 Nov 2022. If purchased at 950 then Profit = 60% over a period of 2 years. Very good returns for long terms bet.
NSE:MGLLong
by Mayur_Undale
MAHANAGAR GAS 10 July 2020MAHANAGAR GAS 10 July 2020 SHORT-SELL MGL @ 988 We have given this order based on the derivatives and our self owner equations - yes we have made huge numbers today. Cheers Guys! You did well ! Great order @ perfect price and perfect entrance Mahanagar gas levels are clearly explained in the picture.  Our analysis is based on 1 Hr charts and we believe 1 hour charts are a perfect tool for the daily trends and intraday analysis. Our support and resistancelevels are unlike others , we opt for hourly charts and technical analysis . Our analysis is based on levels , algorithms which we created , beyondtechnical analysis and mathematical equations and derivatives.  In the chart you can see the red and blue rounds. Clearly it shows the Supprt and resistance levels with accurate dynamics.  Sometimes we work on daily and weekly charts too for derivatives and fundamental analysis .  It’s a good idea to short sell at the current price as it’s averaging there.  Top resistance and Support is given clearly.  However average sell can be given at current price.  The lower highs and the lower lows give are also clearly explained and detailed for our intraday Analytics.  Our ideas and levels are our own created and out of our strong fundamental basic knowledge on trading and the self created analysis. That’s the reason we are highly accurate on forecasts we give.  Contact me for more analysis and recommendations. 
NSE:MGLShort
by krishnakanth_kk
Mahanagar Gas toward 880After the initiative selling away from the big uptrend, value price makes a small shifting value. At this point, you need to start looking for the new control of price. I want you to go through the following thinking process when looking at this chart. Value is moving up, the control price is pointing up so we are in an uptrend for the moment. The trading activity is taking place on both sides of the control, we cannot see a clear difference in the volume of activity on the two sides of the value area. This indicates that the uptrend is not very strong. It is probably just a short move upwards, correction of price in a bigger downtrend on a higher timeframe. Short Mahanagar Gas Target toward 907-880, Stop: 944 Thanks
NSE:MGLShort
by Trading_buddy