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...
✺----------------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 : > Trading in triangle pattern > Strong Range bound > Good Volume in last candle > RR is favorable here Like, Share, Comment for regular updates. 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 can give good upside move towards upper FIBO LEVELS (MENTIONED IN CHARTS) in coming days. View Negates below 509 levels. Must have this in watchlist for coming days.
Igl the gas sector stock is looking good on chart and it's making flag and pole pattern good opportunity
IGL LONG PLAN FOR SHORT TERM .....FOLLOW SL AND TARGETS
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.