FOLLOW TRADE AT YOUR OWN RISK
The 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...
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
Daily Breakout done . Important levels marked. twitter - thesachinjain telegram - tradingbud for live updates.
Here, 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...
IGL 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
Short Below 420 Rs By Keeping SL Above 440 Rs For Target of 400 - 380 Rs.
NSE:IGL levels for friday.. keep eye on this post as i'll gonna update stoploss, once our call executed
W 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
igl - indraprastha gas ltd, IGL Long term trend analysis
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...
Gave tweezer top on Daily and bearish divergence on hourly can see 417 if 420 broke stop is 425 enter on levels only
IGL, today, showed rally over 5 %. The reason being over 100% change in OI. The stock seems to be bullish over coming few days.