MGL - Target Rs. 890 (Can it happen by December 2, 2020?)

3 nov 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. 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.

11 nov 2020

Trade attivo

Looks like it is reaching our Target. Stay put, do not move. :)

11 nov 2020

Trade attivo

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.

11 nov 2020

Trade attivo

Can exit at 877 .. and re-enter after correction for final target of 890

12 nov 2020

Trade chiuso: obiettivo raggiunto

Target Achieved