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MAHANAGAR GAS LTD.MAHANAGAR GAS LTD.MAHANAGAR GAS LTD.

MAHANAGAR GAS LTD.

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MGL trade ideas

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
MGL - Target Rs. 890 (Can it happen by December 2, 2020?) What is this idea for? 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. NSE: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.
NSE:MGLLong
by Falcon_Trader_1
2
MGL Price Structure on Monthly Chart MGL has reached at its Very Strong S&D area from where it has taken multiple times support. If it survive and get demand then can head towards 100+ up-move. If it doesn't survive(not get enough demand, and suppliers win) then we can see 100+ down-move too. Down-move of stock is not expected (but in the market we never knows) Oct & Nov month will play an important role for this stock. Because in past, it takes 1 month for testing area and stop its fall. In another 1 month, it starts bounce back to up-move. In case it fails to get enough demands then stock will land in its worst price structure. In that case may be many investor start off-boarding. Stock may land into long consolidation too. That would be really very bad phase of this stock. But seeing its past behavior, this may not happen. :) Let's keep close eye on its! Note: - Sharing for knowledge and information purpose only and not for trade. NSE:MGL
NSE:MGL
by ProfitPattern1