MGL - Bearish ViewMGL - 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 educational purposes only, and it is crucial to trade with caution.
NSE:MGL NSE:MGLZ2023 BSE:MGL
Mglshort
MGL SHORT ViewMGL 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.
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Disclaimer :- This is just my view. Please analyze charts yourself and then decide to take any trades.