NSE:IGL
Observations:
1) On 1 day time frame, we can see that now it is at very critical level range.
It is make it or break it, now. If it took support then we can see good reversal for uptrend. But if it fails then the down move continue.
Please refer below chart : 1 day Time Frame.
2) On 1 hour time frame, we...
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 is bouncing off again from its medium term support, same as it did a month and a half ago. The stock bounced off this support the last time, went to the resistance at 580 and came back to its support. The stock's price action today is indicative of a bounce again at this trend line and 200DMA support. The candle formation is also of 'morning star' type with...
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
Target:- 706
Stoploss:- 575
Duration:- 3 to 5 Weeks ✅
The stock has already breakout through the resistance line and showing a bullish candle and it is a Ascending Triangle where support line is in upslope and resistance line is in horizontal position. Which is proper indication of upside move, so we can buy this at...
IGL has bounced from its Trend line support from where it has bounced multiple times in the past as well. This bounce also coincides with 200DMA support. We are bullish on this stock with 560/580 as short-term swing targets.
Hi guys ... As shown in the chart IGL has formed both Flag and pole + Rounding Bottom Pattern and it looks good only above 578- 580
Targets can be the 100% of the depth of the rounding bottom pattern and Target 2 will be 100% of the length of the pole ..
-- Things to remember
--- Breakout should be done with Good volumes
--- Once breakout done .. it can...
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$$ 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 :
> Trading in triangle pattern
> Strong Range bound
> Good Volume in last candle
> RR is favorable here
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Disclaimer
I am not sebi registered analyst
My studies are Educational purpose only
Please consult with your Financial advisor before trading or investing
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.
IGL stock to take long entry above 515 for the target price of 570 with the SL of 475. Today at closing day bullish engulfing candles have been seen & expected to touch as per defined target. This is for your educational ideas only.
![IGL: Simple Trade Setup | IGL | 12-10-2021 [INTRADAY]](https://s3.tradingview.com/s/sP6t3EB0_mid.png "Simple Trade Setup | IGL | 12-10-2021 [INTRADAY]")
![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]")
