All the gas stocks IGL has not broken out. Forming a good triangle patter, must watch in coming days
Here we can see long wicks at support but the selling volume is increasing on the weekly basis. Nor the bulls nor bears are incharge properly. Let's see where it moves. This post is for education purpose only.
A formation of Bullish Triangular wave can be seen on the charts of IGL. One should buy the stock at cmp keeping a stop loss of 486 and look for the target of 430/460 & above. The final confirmation of the pattern is above 430. only aggressive traders should buy on cmp while the safe players should wait for the closing above 430.
Wait & Watch.. if levels boken then good unup possible.. As oil & Gas sector up and gas prices might be increasing globally.
Tomorrow possible above 525+ can turn to super rally till 540-550 zone.. Fresh high is waiting in this counter after a long time consolidation phase
understanding trends through support and resistance.
Igl the gas sector stock is looking good on chart and it's making flag and pole pattern good opportunity
IGL the gas sector stock Good stock to buy for positional as well as swing trade It's just a ABC correction Now its making flag and pole pattern which is high probability break ought trade
IGL LONG PLAN FOR SHORT TERM .....FOLLOW SL AND TARGETS
Short @ CMP TGT SL marked// Will write in comment next
All levels are on chart. DISC: For educational purpose only.
Note: 1. Views are personal and for educational purposes only. Recheck and take the trade as per your RR. 2. Always remember SL is your lifeline, not the big target... 3.Follow us for more patterns and like, share so that we feel it is helpful to many and share more patterns... 3. Views given here is not a tip rather it is for educational purpose... Aftermarket...