Future Short Sell Trade - IGLReversal Pattern.
Short Sell Opportunity for IGL in Futures.You can take the position below 449 and trail the profits. I have also mentioned the potential stop loss point (~456), you can adjust it as per your risk factor since volumes these days are unprecedented.
DISCLAIMER - There is a very high degree of risk involved in trading Futures. Do not trade with money that you cannot afford to lose. I assume no responsibility or liability for your trading results.
IGL
IGL Pullback TradeIGL showing a clear pullback move on daily timeframe candle.
Preceding impulsive red candles with a large range followed by a small ranged green candle, hence trade the breakout of the pullback green candle in either direction.
Long above 472.10
Short below 460.95
Target 1% in either direction.
NOTE: Trade with confirmation of momentum & volume on lower timeframes in intraday.
IGLMy Favourite pattern for Intraday Trading.. ( Check out my prev post of IGL ) With this strategy...
Most profitable pattern...
Buy and Sell ... Levels mentioned in chart..... Do your own analysis...
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Comment Your Views.... Up or Down ??
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Thank You,
Vishwajeet Sharma
Prev Post Idea...
IGL Daily Analysis 01 April 2020S/R Marked on the chart.
Smart Money
Marked Up price out of range on
15 Jan 2020
offloaded to weak hand on
07 Feb 2020
13 Feb 2020
18 Feb 2020
Fake Move on 13 Mar 2020 as following candles are down with abv average Vol.
01 April 2020
Closed below 200 DEMA with less Vol suggests Smart money not interested for now.