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theapextrader7

Educational Breakaway trade in IGL

Education
INDRAPRASTHA GAS (NSE:IGL)  
theapextrader7  
NSE:IGL   INDRAPRASTHA GAS
Trend Analysis CPR cprstrategy ncpr
6
2
trendanalysis cpr cprstrategy ncpr
According to Franklin Ochoa in his book relating to pivot points, IGL today classifies as a good "breakway plan trade", since following condition is satisfied:
confluence of opening 15 min price:
1. breaching previous day range
2. breaching previous day R2
3. breaching current day R1
4. succesfully testing todays R1
5. Narrow range CPR stocks
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