IGL has broken slow out of a descending wedge. The stock has had a considerable fall after recovering beautifully post COVID. Now, it seems like the stock has slowly begun it's up move again
The Stock has consistently followed pattern breakouts/breakdowns prior to this. (As shown in the chart).
See a long above 420 (safer 425) for the next Fibonacci targets...
The Stock has nicely formed the "Descending Broadening Formation" which could be used for trading. How to trade it : if it breaks the upper horizontal line and stay there for some period one can go long. If it gives false breakout and come back immediately to the the upper line one can short the stock. Good Luck