After Correction of breakout IGL ready for target of 505+

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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absolute correct prediction. respect. ....
shraghu2010 suchitra20
@suchitra20, Don't you think today's rally was news based?
iamtechnofreak shraghu2010
@shraghu2010, what news?
shraghu2010 iamtechnofreak
@iamtechnofreak, Price of gas was hiked and all the gas companies stocks hit upper circuit on Friday
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
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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