Buy Mahanagar Gas Ltd For Target Rs.900 - Religare Broking
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Derivative Ideas
MGL gained 0.14% and closed flat at 878.9 on 6th Jan. The Scrip is looking to have completed its downward journey where it took trendline support at 840 levels. The Scrip has started moving higher and is now expected to test its Resistance at 920 level. We recommend to go Long in MGL.
Strategy:- BUY MGL @ 870-874, SLOSS AT 857, TRGT 900.
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