IGL - long for 15 %
Updated
fundamentals - decent valuation at current price
on higher time frame
- price is at confluence of 200,50,18 week EMA
- price forming symmetrical triangle
on daily time frame,
price is at confleunce of 200 ,18,50 day EMA while 18>50>200 day EMA (bullish indication )
price taking support twice at 200 day EMA is a positive sign
inside bar formation above 200 and 50 day EMA (18 day EMA is still acting as resistance ).18 day EMA has to be crossed up with good volume fro a rapid upmove
overall bullsih ( 7.5/10)
target and sl given
on higher time frame
- price is at confluence of 200,50,18 week EMA
- price forming symmetrical triangle
on daily time frame,
price is at confleunce of 200 ,18,50 day EMA while 18>50>200 day EMA (bullish indication )
price taking support twice at 200 day EMA is a positive sign
inside bar formation above 200 and 50 day EMA (18 day EMA is still acting as resistance ).18 day EMA has to be crossed up with good volume fro a rapid upmove
overall bullsih ( 7.5/10)
target and sl given
Note
Note
hold on for 500 soonNote
stock closing 9 months high and enetring near 52 week high zone very bullish
Trade closed: target reached
target revised to 520 and 550Note
firing on all cylinders
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