IGL trade ideas
IGLIGL HAS GIVEN A BO, CLEAR UPMOVE TILL 560 AND IF THIS WEAK RESISTANCE GETS BROKEN CHANCES ARE OF 570.
IGL -Breakout PossibilityIGL :
Looks good for a breakout, symmetric triangle and contraction observed
Breaking out 400 might lead to 420 and 400
Support at 388
My view on IGLIGL looking good above 397 forming inverse Head & Shoulder pattern also trendline breakout there.Looking target 401-405-410++ possible in intraday or in very short term.Keeping on radar IGL 400 CE.
make ascending tringle patternHere in the chart we can see that it is working in a chanel which is in Downtrend.
bt last few days chart making Ascending tringle pattern its a sign of uptrend .
Chart is looking gud for upside move
Target is 10-15% for upside
SL- 370
This is only for educational purpose not a buying or selling advice.
IGL symmetrical triangleNSE:IGL
#IGL symmetrical triangle, BO may show good momentum.
Happy LEarning !!
IGL @ 390 Target 420 /450IGL is showing H&S pattern which can lead to targets of 420/450. Considering the demand for Gas and price hike in Gas Sector the burden of price hike is passed on to the consumers which shows the bargaining power of the company.
IGLIGL formed a typical textbook inverse head and shoulder pattern. Its neckline consists at around 400 round number levels. A high volume break above his level can give an exceptional long opportunity. Keep an eye on this script.
Happy Trading :)
Disc: Chart posted only for learning purpose.
IGL Swing/Short term tradeEntry around 350
Target 1 390
Target 2 410
Target 3 440 - 450
Note : The information provided is not a trading advise. Just for educational purposes.
Do your due diligence, before entering the trade.
IGL TAIGL is going to be down if the candle close below the blue candle, then it forms EVENING STAR. on Tuesday if the opening is red, then it will go down upto 349
IGL 382/- Get price for LockThinking about locking the price of IGL at 382.10/- i personally think its a Fantastic Opportunity
IGL - Sharp Corrective wave = wave - Long side Setup.As many of you know, I spend much of my spare time analyzing markets. Yes, analysis is my day job, but it is also my passion. So, whenever the weekend comes around, I spend most of my time in front of the computer to study price charts.
Month Line-Chart
Using Line-Chart for identifying long-term trends. The primary trend is up.
A price middle of the parallel channel and is falling downside.
Your long side trade will be referred to as the main or primary trade setup.
Month Bar-Chart
The support at or near the lower boundary line at the parallel price channel. Sometimes, the middle line would work as support also. This is essentially what I work with support at the bottom line or middle line. A price is near the middle line or a little below it.
A trend is a downside in the range of parallel channels.
Important Numbers - Month Chart
A Significant Flip range - 345 to 364 for counter-trade.
Month price chart - Elliott Wave Analysis .
As you can see in the price chart, I labeled using Elliott wave principles and recognized that a price is trading in the corrective mode. More importantly, the wave ((ii)) is exactly 61.8% multiple & wave ((iii)) is just beyond the 3.618 extended ratio but wave ((iv)) is deeper at 78.6% which is not a common or expected ratio on log scale. A wave ((v)) is extended wave.
2 Days price chart - Ending Diagonal:
Therese important support for pull-back - 366-64/351 & 284.
A sharp correction has been occur after Ending Diagonal is terminated.
The Ending Diagonal is terminating wave pattern.
In real-time trading, I'll create trade-setups utilizing above supports. For instance, I ll look for pullback entry in price range from 351 to 364 long side but during the trading hours i always focus on price action to take action.
Let's check whole Ending Diagonal and its characteristic before moving forward.
The aspect of the Ending diagonal is not many people familiar with Is it a timing component. Ending diagonal terminates the resolution of the pattern is occurs within 1/3 to 1/2 the time it takes the pattern to form. What does that really mean? In this price, you can see ending Diagonal begin to end time was 365 bar and I expected whole move complete in time 1/3 (at 121 bars) OR 1/5 (at 272 bars) period of time. This is very informative and time sensitive method you look up on ending diagonal.
I am also trading and looking 15min time-frame when i take entry.
Low risk Swing trade setup for IGLIGL facing mejor Support level at 380/364
Resistance at 460/480/500/600.
Chart and levels only for education purpose
Indraprastha Gas | Demand-Supply CycleHola ,
IGL is travelling in very consistent supply-demand cycle is a long run since last 4-5 years now it is very close to it's expected demand zone .
So You already know what needs to be done from here.
Best Regards.
Vishal Malviya
igl (07-01-2022)igl stock gas stock complete
zig zag correction
zig zag correction rule A,B,C
wave A= 1,2,3,4,5 lag
wave B =A,B,c
wave C= 1,2,3,4,5 lag
INDRAPRASTHA GAS(IGL)IGL wait to touch support level (360/350)
Buy at 350/-
Stop loss below 310/-
Target above 550/-
IGL ON WEEKLY CANDLE IT IS ON ITS 5 LEG OF CORRECTION , AS IT WAS EARLIER DURING 1 JUNE 2020 TO 12 OCT 2020
But it is important to close between 445-455 on weekly candle. IF NOT THEN THERE COULD BE MORE DOWNSIDE.
Strong support 437.65
AccumulationIGL stock is in good accumulation and descending triangle pattern formed and trying to recover from crucial support. Please consult your financial advisor before investing.
Cmp is 458.85
best discount price to buy 454.7
Target 1: 483.55
Target 2: 504
Target 3: 537.05
