Long IGL above 435 levels for the target price of 455-460 . All important levels has been marked on the charts. 5 star Trading setup analysis:
1- Star- RSI taken well support at 40 levels sharp V turn.
2- Star- Resistance BO with very strong bullish candle & trading at support level.
3-Star-- After the second BO of marked resistance area well confirmation and can play trade.
4-Star-- Stock trading within channel & trading forming bullish sign from the lower channel.
5- Star-- Stock has been crossed the 50 as well as 200 EMA.
All above setup is good to go for high probability long entry with good risk to reward trade but not 100% full proof .Therefore, more important this setup can also be failed. So the stop loss need to be placed well in advance to avoid any fall in the stock market. This is for your education purpose only. Learn & trade only#.
1- Star- RSI taken well support at 40 levels sharp V turn.
2- Star- Resistance BO with very strong bullish candle & trading at support level.
3-Star-- After the second BO of marked resistance area well confirmation and can play trade.
4-Star-- Stock trading within channel & trading forming bullish sign from the lower channel.
5- Star-- Stock has been crossed the 50 as well as 200 EMA.
All above setup is good to go for high probability long entry with good risk to reward trade but not 100% full proof .Therefore, more important this setup can also be failed. So the stop loss need to be placed well in advance to avoid any fall in the stock market. This is for your education purpose only. Learn & trade only#.
Comment:
Stock strength continue. Wait for the right entry point.