1. DIYTechnicalAnalysis is a private community of traders and investors interested in building wealth from Indian equity market. You can become a member with a one time registration fee of ₹199. Click here to become a member

Regarding mahanagar gas limited

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

  1. rrjain319

    rrjain319 Member

    Joined:
    Sep 21, 2016
    Messages:
    33
    Likes Received:
    19
    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
    Share #1
  2. shabbir

    shabbir Administrator Staff Member

    Joined:
    Apr 30, 2012
    Messages:
    6,703
    Likes Received:
    1,940
    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
    Share #2
  3. rrjain319

    rrjain319 Member

    Joined:
    Sep 21, 2016
    Messages:
    33
    Likes Received:
    19
    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
    Share #3
  4. shabbir

    shabbir Administrator Staff Member

    Joined:
    Apr 30, 2012
    Messages:
    6,703
    Likes Received:
    1,940
    From the patterns and it has formed a solid bottom at around 740 levels.
     
    shabbir, Jan 7, 2017
    Share #4
    dev likes this.
  5. dev

    dev Member

    Joined:
    Sep 9, 2016
    Messages:
    22
    Likes Received:
    22
    Occupation:
    Business Owner
    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
    Share #5
    shabbir likes this.
  6. nirajshah

    nirajshah Champion

    Joined:
    Aug 17, 2016
    Messages:
    546
    Likes Received:
    302
    nirajshah, Jan 8, 2017
    Share #6