MGLMGL Fut broke above ascending triangle pattern as well inside bar pattern on an hourly charts with good OI built up.
Risk:Reward = 1:3
Could be bought with mentioned stoploss & target.
MGLM2021 trade ideas
MORE DOWN SIDE ON MGL.MGL is as per charts very negative. 5 days future data shows short build up. 1 day future analysis shows 67200 shorts vs 2000 long. still the sector is reinventing gas prices to be higher and here the stock is making low buy the stock for long term however for now its a short.
yogesh aggarwal.
Dark cloud cover as well as bearish divergence Dark cloud cover as well as a bearish divergence .... expected to correct in the near term
