IGL Rising Wedge Formed....IGL Rising Wedge Formed.
Both Side Levels Mentioned.
Long Above 499.5, SL 495.5
Target 509.50
Short Below 495, SL 499.2
Target 492/490/487
IGL
IGL . OOOPS !!!!!! Check the important levels.Daily Breakout done .
Important levels marked.
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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.
IGL AnalysisIGL has taken decent support at 423 level and trendline. Holding below that could dip towards 418-->415. Since the 30th of December is critical for IGL, it can prove as a turning point and push the scrip towards 438-->442-->445-->451
Regards,
Sharma Yogesh
#DOUBLETOP #UPTRENDLINE #BREAKOUT #RSI #DIVERGENCEShort Below 420 Rs By Keeping SL Above 440 Rs For Target of 400 - 380 Rs.
indraprastha gasNSE:IGL
levels for friday..
keep eye on this post as i'll gonna update stoploss, once our call executed
IGL: W PATTERN BREAKOUTW pattern breakout today on daily candle.Corresponding volume suggesting breakout.
Daily candle also crossed weekly resistance range of 425-431(SHOWED BY BLUE ZONE),
THOUGH not that convincingly.
LONG ABOVE 435, SL 430, TARGET 441/445
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
IGLGave tweezer top on Daily and
bearish divergence on hourly
can see 417 if 420 broke stop is 425
enter on levels only
Hero of the dayIGL, today, showed rally over 5 %. The reason being over 100% change in OI.
The stock seems to be bullish over coming few days.
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
IGL || SHORT || INTRADAYSell 307.5 SL 309
Targets 305, 303, 300
OR
IGL AUG 305/300 PE (8.10/6.40)
Targets 10/11/12
IGL weekely charting!!! Last 2 weeks, we have seen a major fall in the Index. But this counter IGL succeeded in making a higher low and will make a new weekly high tomorrow. Once a close above 312.10 will boost this stock for short term targets of 337. The 2 green lines are very strong supports, all red ones are targets/ resistance and the last blue line is the break level!!! A pure gem stock for investment aswell.
