Sagar_Rajput
Long

Breakout with good volume

NSE:IGL   INDRAPRASTHA GAS
On 16th August, the stock has gained by 3.5% in a day. That is the “Triangle” and “Trend Line” breakout, volumes are too good. The stock was trading in lower low & lower high and this trend has broken on last trading day. It is looking good long for next 5 to 10 trading days. There are chances to open gap up, we can buy 50% quantity at the opening price and the remaining 50% on the correction. Looking good buying zone between a range of 315-320. Keeping stop-loss of 305 and targets are 340-350. The lifetime high is 350, if it is broken and close above then targets are looking big i.e. 370-400.
Comment: 1st target done
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