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IGL near a break out of inverted head and shoulder pattern.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 after the break out of the pattern. 3 point confirmation. 1. Consolidation near break out level. 2. Bullish moving averages crossover on weekly time frame. 3. Retest of 20 DMA level. The markets are in a bull run and the stock can follow the trend once it starts trading above 446 levels. Targets :- 471, 510 Stop loss :- 438 Wait for the price action near the levels before entering the trade. Intraday and swing trades can be initiated in the stock once the level 446 is crossed convincingly.
NSE:IGL
by Mambotrade
Flag and pole formation in IGL. 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 highs. A swing or intraday trades can be initiated after the break out of the flag. The view on the stock is bullish and only take a trade on the break out of the flag. Target :- 440, 460, 471 Stop loss :- 415 Stock will follow the index, keep a look at the oil and gas index too.
NSE:IGLLong
by Mambotrade
1
Simple Trade Setup | IGL | 12-10-2021 [INTRADAY]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 price is made lower low but RSI made higher low. Please refer below chart : 1 hour Time Frame. ------------------------------------- Trade Setup for Date 12-10-2021: 1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action. 2) Everything is mentioned on the chart. I hope it is easy to understand. 3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level. 4) Avoid gap up or gap down chase. Wait and trade between levels. Please refer below chart for levels. Hope I made it easy to understand it. Do comment your doubt or suggestion. Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
NSE:IGL
by Trading_hawk
4
🔥 IGL. What You Are Getting By this view ,Tell us in comment.NSE:IGL let's make this analysis a bit interactive. As per this technical analysis #igl share at support if we can find reversal at this levels then igl share might fly from here. Tell us in comment what you are getting from this view. ******whatever charts or levels sharing here are just for educational purpose only, not a recommendation. Please do your own analysis before taking any trade on them. We are not SEBI registered.
NSE:IGLEducation
by linesandlevels
2
Simple Trade Setup | IGL | 04-10-2021 [INTRADAY]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. Please refer below chart : Daily Time Frame. ------------------------------------- Trade Setup for Date 04-10-2021: 1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action. 2) Everything is mentioned on the chart. I hope it is easy to understand. 3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level. 4) Avoid gap up or gap down chase. Wait and trade between levels. Please refer below chart for levels. Hope I made it easy to understand it. Do comment your doubt or suggestion. Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respsective level considering how price action works near that level.
NSE:IGL
by Trading_hawk