Buy IGL for 10% upside - Channel reversal trade

Jun 11, 2020

IGL has been moving in a channel and has taken support at the lower end of the channel. Buy at 477 levels for 10% upside, target 525. SL at 455, which is its 50 DMA.

Jun 13, 2020

Trade active

IGL although went down from the recommended level, it did not break the 50DMA and also our SL at 455, as it made low of 456.35. Positions should ideally be added in the trades that respect levels.

Jun 18, 2020

Trade closed: stop reached

Exit the trade as Stock hits SL of 455