IGL is moving in a triangle for a while, currently consolidating in its tip .
IGL has been moving in an uptrend for a month in a STAIRCASE pattern.Nice bifurcation of sup/resistance levels in 3 triangles. Currently testing the black trend line again, awaiting a breakdown/reversal.
hi, explained in the charts
IGL is moving in a long going expanding wedge. Recently made the lifetime high of 1441. Breakout from channel can mark the start of the leg down in the wedge. A reversal will lead to the retest of the lifetime high values.
IGL has been moving in a two week long channel. back on the edge of it, on a breakout/reversal level.
Happy Monday Guys, As I always say - only we the traders welcome Monday with happiest smile :) Atleast I do, bcos we are getting back to what we love to do. So here we have bullish run in IGL then wedge kinda broadening formation, then breakout to upside, so longs are wise in IGL, towards the target of 1200's -1180's zone. Check what's your risk before entering,...
A close above 1071's will make it fly like anything, lets see what IGL decides to do !
IGL will give a long breakout above 1048 it can go to level Upside level- 1058 Downside safe level- 1038