IGL: Bullish Triangular wave
Updated
A formation of Bullish Triangular wave can be seen on the charts of IGL. One should buy the stock at cmp keeping a stop loss of 486 and look for the target of 430/460 & above. The final confirmation of the pattern is above 430. only aggressive traders should buy on cmp while the safe players should wait for the closing above 430.
Note
typo - Target : 530/560 instead of 430/460Trade closed: target reached
Manish Bhardwaj (CMT L-1)
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tradingsutra.com
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twitter.com/mansh_25
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@TRADINGSUTRA @WAVESUTRA
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