NSE:IGL
Observations:
1) On Daily time frame it has closed above 200DMA which is placed at 529.62 level.
Please refer below chart : Daily Time Frame.
2) On Daily time frame, it made morning star candlestick pattern.
For positional long trade for short/mid term, one can take positon on breakout of 535 level for...
IGL 15 min time frame analysis
Traders can go for swing trade for this one .
See the movement and Go long and follow proper stop loss
*We are not SEBI registered
This is only for educational purpose.
Please consult your advisor before making any trade or investment
✺----------------Drop a follow here: @Averoy_Apoorv_Analysis ✺ I post Good and potential trading ideas on daily basis on this page of mine :)
✺✺ Target: 1000 Followers ✺✺
$$ Important logic used: Symmetrical triangle on the resistance of monthly zones = signs of accumulation of price to make the sellers go away and break it, symmetrical triangle showed that both...
IGL stock trapped in a channel pattern and now it's in a bearish trend, so give an entry with appropriate Stop loss
Since it's a FO stock shorting, You shall prefer for intraday shorting in the intraday equity cash market or going short in the Future and option market
Aggressive traders enter at the breakout and conservative traders may give entry after...
After today's breakout, It is in the bullish momentum. It has faced a resistance at 514.10 . I think, it may break this resistance tomorrow and it can proceed higher.
![IGL: Simple Trade Setup | IGL | 04-10-2021 [INTRADAY]](https://s3.tradingview.com/a/a5HiNfRK_mid.png "Simple Trade Setup | IGL | 04-10-2021 [INTRADAY]")
