Tradersasi23

IGL - Strong bull - At Resistance.

NSE:IGL   INDRAPRASTHA GAS
Price after breaking the long time resistance forms a parallel channel pattern and breaks to reach the resistance in one day.

Previously price took at least 10 days to reach the resistance from this levels but now it took only one day to nearly reach the ATH levels.

Though it moved rapid profit bookings seen at the end of trading day, one can expect the price to move towards ATH levels and hopefully breaks it.


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Comments

Don't you think Fridays rally was news based and difficult to sustain above 500.00 levels as we witnessed on Friday.
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