MGL: At lower end of the channel

MGL

- The stock is currently trading at lower end of the blue channel
- important support levels on the downside 1081 / 1060 / 1030

- if the channel is withheld, potential target for the current set up could be 1195 / 1240 / and if sustaining above 1265 then doors would open up for 1485

- pattern gets invalidated if closes below the red line on daily charts

Take care & safe trading...!!!!

Disclaimer
- The view expressed here is my personal view
- Past performance is not a guarantee for future predictions
- Use this for educational purpose
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