sankarghatak
Long

IGL Attempting Crucial UP level

NSE:IGL   INDRAPRASTHA GAS
46 views
1
46 3
IGL: @ 993
in ICHIMUKU Cloud & attempting Parallel Regressing Channel.

DELV. + INTRA VIEW
LONG

IGL: RCP @ 21.9+
More Accumulate: @ 979.5-

TGT (Intra+Swing) : @999.25, @ 1004 (Strong), @ 1012+

TGT (Positional): @1016, @ 1022, @ 1038, @ 1053, @ 1065+

SL: @968- (By closing)

May 17
Comment: Made A HIGH @ 1024.75
Achieved Positional TGT #2 @ 1022.
today Possibility to HIT @ 1038 also
Hi @sankarghatak, I analysed IGL a few days back

I believe it's in a harmonic pattern and has already netted decent returns. In my view, it will continue down to around 960-975 levels before starting uptrend. Please share your views.
Reply
sankarghatak smghasan7
@smghasan7, So far my knowledge, Both Cypher & Shark has Point "C" is Higher than Point "A"
But for Cypher Pattern, Point C = 1.272 to 1.414 of XA, here it MISSES
For "Shark" POINT C = 1.13 to 1.618 Here C = 1.414.
So can Called Harmonic SHARK.

Next Chosen of Point "X" is not Correct. I think point "X" must be End Of a Major WAVE.
Reply
sankarghatak smghasan7
@smghasan7, Also Watch TATAMTRDVR Weekly Chart, Harmonic pattern. Also Change Time frame to DAILY.

Reply
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