TradZoo

After Correction of breakout IGL ready for target of 505+

Long
NSE:IGL   INDRAPRASTHA GAS
After the breakout of the neckline at 429, its completed correction move and again ready to move towards its immediate target at 485. We can get good risk-reward in this trade. Downside 429 is acting as support so we can set this as a stop loss for this position.

Possible Trade:
Buy IGL above 449.50
Stop loss 429
Target 485 505+
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Comments

absolute correct prediction. respect. ....
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shraghu2010 suchitra20
@suchitra20, Don't you think today's rally was news based?
Reply
iamtechnofreak shraghu2010
@shraghu2010, what news?
Reply
shraghu2010 iamtechnofreak
@iamtechnofreak, Price of gas was hiked and all the gas companies stocks hit upper circuit on Friday
Reply
iamtechnofreak shraghu2010
@shraghu2010, yes yes I saw that news now.. yes though the rally was news based but still the it would have gone up due to the analysis too I think.. either way it was a win win. I was holding it and sold it for a nice 15% gain
Reply
Great work done .. following you for sometime.. respect.. need to talk with you ji.. my no +91 9962046158.. if free pls msg willing to get your support.
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