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Regarding mahanagar gas limited

Discussion in 'Technical Analysis' started by rrjain319, Jan 7, 2017.

  1. rrjain319

    rrjain319 Member

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    Hello All,

    Whats your recommendation for mahanagar gas limited, the stock is consistently in uptrend and the company although government owned is very well managed aswell expanding very aggressively in Maharashtra, recently launched CNG Kit for 2 wheelers.

    What should be the entry price to enter stock..

    Regards,
    RJ
     
    rrjain319, Jan 7, 2017
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  2. shabbir

    shabbir Administrator Staff Member

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    Stop loss would be 740 and if you are ready to execute that stop loss, current price can be a good entry.
     
    shabbir, Jan 7, 2017
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  3. rrjain319

    rrjain319 Member

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    Hey shabbir,

    Thanks for quick reply, how do u arrive/define stop loss, i mean how to find out stop loss at present stock price.

    Regards,
    RJ

    Sent from my ASUS_Z00AD using DIY Technical Analysis mobile app
     
    rrjain319, Jan 7, 2017
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  4. shabbir

    shabbir Administrator Staff Member

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    From the patterns and it has formed a solid bottom at around 740 levels.
     
    shabbir, Jan 7, 2017
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    dev likes this.
  5. dev

    dev Member

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    One of my favourite stocks. I have exited this stock since a correction in this stock is due. Will enter again at below 700 levels.
     
    dev, Jan 7, 2017
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  6. nirajshah

    nirajshah Champion

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    nirajshah, Jan 8, 2017
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