koolshanin

IGL can return to test for activity near Earlier Trading range

Long
NSE:IGL   INDRAPRASTHA GAS
IGL a stock which is powerful on monthly and weekly. is not a stock to short for big money, not until 882 is accepted. 790-880 which was a trading range for IGL in 4hours charts was successfully broken by a WRB (wide range bar) and got a good follow up. now a spining top is formed and a small bearish inside candle followed up.

Expect a test of 882 which was the high of previous trading range and if buyers are found there then quick move to 950 on cards..

Long near 882
SL 845
Tgt 950

Short time hit and run traders can short for 882 but charts shows bulls so better to avoid and stay patient and long on dips.

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