vanathi

Trader's Queries : IGL

NSE:IGL   INDRAPRASTHA GAS
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7
Query : I want to know about IGL ...I cant find chart pattern in IGL and also cant find elliott waves ...so plz help me.
Answer : When other methods are not giving clear indication, fib level helps. When price is trending between 0.5 and 0.618 with no significant volume , it wont make bigger movements but sideways. For uptrend price have to close above 0.618 level. For downtrend price have to close below 0.5.
Trade active: Target is 0.786
Trade closed: target reached
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Comments

Now that it has closed above 61.8 %. upward trend is here. See my post on this
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vanathi yashmatta
@yashmatta, Thanks :)
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