IGL has given beautiful Trendline Resistance Breakout
IGL - Price Action Analysis and Observations
* CMP 392.00
* Trendline resistance breakout with volumes slowly increasing
* Multiple touches on the trendline
* Gap zone 403 might be filled first
* An hourly close above 405 would be sufficient to reach 440-445
* Once 440 is reached we will see how the candles react and then decide
whether it will reach 480-500
* SL could be below 360 on hourly closing basis
Thanks.
Regards
Bull Man
* CMP 392.00
* Trendline resistance breakout with volumes slowly increasing
* Multiple touches on the trendline
* Gap zone 403 might be filled first
* An hourly close above 405 would be sufficient to reach 440-445
* Once 440 is reached we will see how the candles react and then decide
whether it will reach 480-500
* SL could be below 360 on hourly closing basis
Thanks.
Regards
Bull Man
Trade active
From 392 to 412.40 high made so far
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.