Maha Nagar Gas Ltd-MGL

Looking at cup & handle formation on daily at a crucial resistance level 1050. Throughout the history bulls made several attempts to break it (at least 15 times) and failed miserably. Looking at falling RSI levels, quite chance price to retrace back to a buy opportunity at 970 (got quite a support). If you are comfortable, you can buy 2% at this range. Hard to break this 970 level but if bears are strong enough to broke this level, Then another 2% buy at 900 level. Finally you got a golden buy range at below 780rs.