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IGL

IGL: On the verge of breaking outIGL - Since Nov 28, the stock has seen some consolidation at current levels - 21 day EMA and 63 day EMA are at 430 and 415 respectively - Once above the red resistance zone, the stock can potentially move towards 480 / 502 levels Depending on your risk appetite and time horizon, you can use the 21 day EMA or 63 day EMA as SL Take care & safe trading...!!! Like and share if you find the analysis helpful Disclaimer - The view expressed here is my personal view - Past performance is not a guarantee for future predictions - Use this for educational purpose - Any decision you take, you need to take responsibility for the same - It's your hard earned money. Treat it wisely - Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance - if trading in F&O, understand that F&O trading involves risk - Do take proper risk management measures - Do your own analysis and consult your financial adviser if need be
NSE:IGLLong
by indiamarketoutlook
IGL near a break out of inverted head and shoulder pattern.IGL is looking good for a break out trade as it has been forming an inverted head and shoulder pattern and consolidating near the break out levels. On the daily time frame, the stock has given a lower wick rejection after testing 20 DMA. The stock on the weekly time frame has given a bullish moving averages cross over and good targets can be booked in the stock after the break out of the pattern. 3 point confirmation. 1. Consolidation near break out level. 2. Bullish moving averages crossover on weekly time frame. 3. Retest of 20 DMA level. The markets are in a bull run and the stock can follow the trend once it starts trading above 446 levels. Targets :- 471, 510 Stop loss :- 438 Wait for the price action near the levels before entering the trade. Intraday and swing trades can be initiated in the stock once the level 446 is crossed convincingly.
NSE:IGL
by TheMamboMomentum
IGL: Inverse H&SInverse Head and Shoulders Continuation: This pattern forms in an extensive upside rally. It consists of a left shoulder, a head, and a right shoulder. At the end of the left shoulder, a minor correction takes place on the upside which happens on the low volumes comparatively the starting of the left shoulder. After this again a down move can be seen on large volumes forming a head having its bottom is below the left shoulder following an upmove correction on lower volumes & completing the head. The completion of the head must be above the top of the left shoulder. If the prices rise above the top of the left shoulder then too this pattern remains intact. In the end, the right shoulder is formed usually on smaller volumes comparatively the previous two rallies. Now if you connect the tops of the left shoulder, head & the right shoulder there will be a formation of the ‘Neckline‘. This line will act as a decision line. If the prices break this neckline & give closing above the line, this will be the confirmation of the breakout of the Inverse head and shoulders pattern. However, it has been noticed that after breaking of the neckline the prices again attracted towards this neckline. We say this phenomenon as a retest of the neckline which will add some more confidence while trading this pattern. After retesting if the prices again start rising, this will be the final confirmation of the up move as shown above. The bookish target of this pattern is taken as the vertical price range from the bottom of the head to the neckline & the bookish Stop loss should be the bottom of the right shoulder. However this stop loss can be big, so it is advised to keep a stop loss of 4-5% of the price range below the neckline. TRADING STRATEGY: Buy on cmp add on dips , keeping SL of 410 look for the measured target of 500-505 region
NSE:IGLLong
by TradingSutra
2
Flag and pole formation in IGL. IGL has formed a flag and pole pattern on the daily time frame. Nifty oil and gas index has been trading around the recent high and IGL stock can give a good moment following the index. There is bullish moving average cross over on the daily time frame. 3 point confirmation. 1. Flag and pole pattern. 2. Bullish cross over. 3. Index trading near the recent highs. A swing or intraday trades can be initiated after the break out of the flag. The view on the stock is bullish and only take a trade on the break out of the flag. Target :- 440, 460, 471 Stop loss :- 415 Stock will follow the index, keep a look at the oil and gas index too.
NSE:IGLLong
by TheMamboMomentum
1
[Positional] IGL Long IdeaIGL has created a very good 'Flagpole Pennant pattern on daily basis. There was sharp upmove observed from the levels of 350 -440 (8 aug - 16 Aug). After that the stock has been consolidating only from last 10 sessions and the range is getting smaller and smaller creating a pennant. What Is a Pennant? - A pennant is a type of continuation pattern. - When there is a huge movement in the stock, it forms a flagpole like structure- a very straight up move of more than 3 huge bullish candles. - After this strong up move there is a little break to buying and consolidation begins - consolidation creates a triangle shape attached to a pole - called as pennant. - Pennant formation normally says that there is still some buying left and this is just a break and the trend will again continue in the same direction as the initial large movement if it breaks on the same side as initial trend. We are supposed to enter the trade once the price breaks out of this consolidation triangle - Pennant. It is advised to only take trades in the direction of the initial trend. Stop loss can be the low of the penannt. Entry:- 424-430 (whenever price breaks the pennant on daily closing candle basis) SL:- 402 (low of the Pennant) Target :- 477
NSE:IGLLong
by Santosh_A_Chavan
1
YR 2022 Idea #115: Long on IGLThis is a public swing trade idea and is only for Learning and observational purpose. Please understand your risk and take full responsibility of your actions. I might trail my stoploss after I get an entry but even if my original Stoploss hits, i exit the trade with pre-planned loss (risk). At target, I book usually 75% positions and trail stoploss for rest. Our objective to help anyone who wants to learn technical analysis using charts by demonstrating my real trade entries. You can post your queries in comment section here and we will try to answer them asap.
NSE:IGLLong
by onerighttrade
IGL - Ichimoku Bullish Breakout Stock Name - Indraprastha Gas Limited Ichimoku Cloud Setup : 1). Today's close is above the Conversion Line 2). Future Kumo is Turning Bullish 3). Chikou span is slanting upwards All these parameters are showing bullishness at Current Market Price and more bullishness AFTER crossing 414 #This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market. # Cloud Trading # Ichimoku Cloud # Ichimoku Followers I hope you all like my analysis. Please do share your thoughts into comment section. Please give a like, it motivates me to do analysis.
NSE:IGLLong
by nikunjbhadja