AbhishekHSinghCMT
Long

IGL- Wow! --Kissed 910-912 Zone- What Next?

NSE:IGL   INDRAPRASTHA GAS
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Prices kissed 910-912 zone as per update- IGL-Kissing at the top@960- Amazing!.

IGL from 940-942 highs is very choppy -looks to form a wedge pattern to lowest price 910-912 zone.

Trading Strategy
Scenario-1: 910-912 is the support zone- any move below 910-912 on sustained basis shall put IGL into more downside pressure

Scenario-2: Going above 925 on a sustained basis with strict stops below 910 for target 940-942 zone & later above 942 for the 950-960 zone.

Previous Update-- Kissing at the top@960

Can attract you to bulls camp
Jan 17
Trade active: 10:05 Hrs 18th Jan2017

Last price@828

IGL Train left the station at 825.
Jan 17
Trade active: 11:15 Hrs 18th Jan2017

Last Price@934

Sorry for the typo mistake in above update-- it is 925 instead of 825.
Jan 20
Trade closed: target reached: 14:20 Hrs 20th Jan2017

Last High@948

Close to our 2nd target zone of 950-960!
Jan 30
Trade closed: target reached: 11:43 Hrs 30th Jan2017

Target 950-960 reached -first it reached 940 then a fall holding above 910 & push to 950-960 zone
May 11
Trade closed: target reached: 21:45 Hrs 11th May2017

Last Price@1011

Wow - Never came down!!! Touched highs of 1030 from 920 low's
Best Regards,
Abhishek H. Singh, CMT
​Growth Director - India
http://in.tradingview.com
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