As seen on the chart of IGL this stock now at an important zone of support which is also a 50% retracement support, also a positive candle pattern is seen on the mentioned support area.
An outside-inside price pattern is seen on bollinger band and other stocks in the gas sector are showing strength.
Rsi Momentum indicator is also on a support area.
Cmp is 466 and support at 455 The target at 495 and 510 give a good risk reward setup.
Analyst: Abhay Bhatia
An outside-inside price pattern is seen on bollinger band and other stocks in the gas sector are showing strength.
Rsi Momentum indicator is also on a support area.
Cmp is 466 and support at 455 The target at 495 and 510 give a good risk reward setup.
Analyst: Abhay Bhatia