IGL is consolidating in a tight range since last 16 days and since last two days it is finally giving a closing above 430, which was previously highest closing in last 16 sessions. It is also forming a ascending triangle formation with in a parallel channel.
Today it faced resistance around 455, which was a 2021 breakdown level. It has since then consolidated for almost 280 trading session and looks like it is all ready to take this resistance out sooner than later.
Keep this setup in radar, this is not a buy or sell reco but just an educational post
Happy Trading.
Today it faced resistance around 455, which was a 2021 breakdown level. It has since then consolidated for almost 280 trading session and looks like it is all ready to take this resistance out sooner than later.
Keep this setup in radar, this is not a buy or sell reco but just an educational post
Happy Trading.
Comment:
What a superb move in IGL