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IGL

504 is an important levels, as long as the stock trades above itThe stock has an splendid move in last few months. Lately there has been some momentum divergence in the stock, RSI & MACD on the daily charts are diverging with price. Though divergence is does not indicate any trend change, but it has to hold on to important supports to maintain its trend up. Furthermore the bearish engulfing candle reassures a probable detour in the coming week. 504 is an important levels, as long as the stock trades above it the levels of 535 – 560 may be probable however giving up the support may attract correction in the stock till 495 – 480 levels.
NSE:IGL
by BharatJhunjhunwala
3
Indraprastha Gas Ltd - IGL - Potential upside from 413 to 440Here, i think that there is a potential upside in IGL (Short position) - 12 Days. The price currently is Rs.413 and i expect that by 24th January 2020, the price should touch Rs.440 The trendline has been strong for IGL. If you open the daily chart of IGL, you'll notice that there has been a good support to upward movement. Disclaimer- These are my personal views and not a trading advice. Do your research before trading or investing. I/we are not liable for any loss that may occur. Trading involves high risk and should be done cautiously. (Also, enjoy the process, with every Gain/ (Loss), you get some insights which should be analyzed in detail and taken a note of. Let's grow together as a community and spread knowledge.
NSE:IGLShort
by AkshayIyerr
MGL: Step on the Gas .!MGL has been a star performer and has been fueling some strong upside for the past few weeks. The charts have been steadily forming higher lows indicating possibility of heading higher. The last few days the pullbacks in this counter have been witnessing some buying interest. Yesterday the robust Q2 numbers brought in some cheer and the strong run up clearly highlighted that the positive news produced a strong surge. The prices right now are curbed by the confluence around the 78.6% Fibonacci resistance and the median line. This zone was surpassed during the day but has closed below it. The trends continue to blow positively for this counter as can be seen from the momentum readings. With the RSI continuing to revive from the Neutral Zone we could be looking at this counter from a positive frame of mind. Overall setup indicates potential to move higher hence one can look to buy above 1010 with a stop below 980 for a rise towards 1090. Idea Sourced From NeoTrader trade.chartadvise.com
NSE:MGLLong
by Raja_Chart_Advise
1
IGL Short Setup [Intraday]NSE:IGL had gone up 4% after market open due to good Q1 earnings which was released late on Wednesday after market hours. There is a zone at 332.85 from where we can witness profit booking which should help in achieving our first TP which is 2:1 Entry at 332.85 with SL 334.65 and first TP at 329.20 Note: Please Consult Your Financial Advisor Before Taking Any Decision Always risk 1% of account size per trade, adjust the position size accordingly
NSE:IGLShort
by BlackPearlA