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...
Inverted Head and Shoulders formation observed in IGL Target 507 Anticipating a good breakout next week.
Inverse 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...
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...
fibo level 78.6 @ 428-29 breaking this level can lead to targets 432, 439 & above keeping stop of 421 disclaimer - trade @ own risk
Buy IGL above 422 for trading purpose for target 432-445-460 With sl at 414 For long term by above 422 for target 515-600 Stop loss at 398 NSE:IGL NSE:IGL1!
IGL 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...
NSE:IGL FLAG PATTERN Breakout given with good volume, One can go long with stoploss - 405 Short term target - 440, 465 Flag pattern target - 478, 497
NSE:IGL #IGL symmetrical triangle, BO may show good momentum. Happy LEarning !!
Bullish Treditional Reversal Divergence.And waiting for positive supertrend.
Buy IGL at cmp (530) for a target of 602, horizon: 7-14 days. Trading near support level and 200 DEMA. Looks good for long. RR is very good.
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...
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 can see hidden bullish divergence as...
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 target of 558,571,590 with SL of 520. ...
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 market order. Use proper stoploss and...
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...