TradingView
Tradersasi23
Oct 2, 2020 1:29 AM

3 Months of range market - Buy on support Long

INDRAPRASTHA GASNSE

Description

Price trading inside a range for the last 3 months and it is expected to continue in this month also, as price reached the support last month and moved up to the trend line it is expected to reject here and once crosses the trend line it will head to the resistance level at the top.

Good positional buy in cash !!!

Comment

Price not showing any sign of reversal from the support, breaks and going down strong !!!
Comments
GaneshaTrader
Break Support
AMGO_Markets
On Daily TF, IGL is continuously trading below resistance, structurally it appears chart is still weak... As far as I understand the structure as of now...
shraghu2010
@AMGO_Markets, yes it may break 388 again...
Tradersasi23
@AMGO_Markets, Thats why I insisted to wait till the support. When price reaches 380 it is bouncing back to 420, focus on this trade.
More