IGL DOUBLE CU PATTERNAFTER MONTHS OF CONSOLIDATION ,,BRKOUT
ALL INDICATOR looks bullish
target mention the the chart
IGL trade ideas
Looks good for Swing!!Looks good For swing Tade...
A strong support from lower zones.
trading in range.
within a week or two should get the desired targerts.
igl buy on dipsBuy from cmp to 514
easy target - 535
Disclaimer : This is my personal analysis for study purpose not intended for trading
IGL 1D TFShort term equity target for this stock. This stoch has been moving in a channel and currently bounced back from the low level of channel.
CMP :- 533
SL :- 510
Target :- 600+
R:R :- 1:2.9
IGL rounding bottom on 30 min chart On 30 min chart found very good rounding bottom pattern which maybe sign of trend reversal for IGL.
Also look very good on risk and reward point of view.
IGL Swing trade opportunity harmonic analysisWe can see reversal from this harmonic PRZ zone and can be good for swing
IGL bouncing from supportIGL bounced from major long-term support, ideal entry was today, now can accumulate at every dip, possible exit targets given using Anchored VWAP(in red).
Can keep the support from where the bounce occurred as SL.
#IGL cash : Positional call good above 523.10 for buy#IGL Cash -Positional call (Best for investment)
29.09.2021
Looks good above 523.10
stoploss 510
Target 542-545/570/600
Cmp 518.65
Indraprastha Gas LimitedIndraprastha Gas Limited trading inside a channel. good time to take long position
#IGL reverse candle shunting upto 580#IGL has seen a stop to downward candle shunting on 29-sep-21 with appearance of first indecision candle.
Reversal of candle shunting can take it back to 580.
Entry 520
Stoploss 500 ( weekly close)
Risk Reward - 1:3
IGL - Trendline brokenI see a trendline breakdown on a daily chart.. can watch closely for next trading session....
may reverse as well...
IGL Bought Three Times, 1 Trade Exit with cost to cost, IGL was bought three times, 2 times it gave 10-10% returned.
Once we need to exit cost to cost
IGL RESPECTING ITS MAJOR SUPPORT LINE !IGL is clearly seen respecting its support line in the past.
This can be a good risk reward ratio entry, wait for formation of any bullish candlestick pattern on support line like morning star, bullish harami, bullish engulfing , hammer etc.
After completion of pattern long trade can be taken here.
Note : If support trend line breaks downside, avoid taking trade in this stock.
Also note that this analysis was done by me only for educational purpose , feel free to share your views.
IGL on 200 MA support IGL is currently on 200 MA and trendline support.
Can easily touch 600 in October 2021
Go long
Can buy 550 Oct ce at 19 cmp
IGL - SUPPORT 1:10 RISK REWARD RATIOIGL is standing at it's super where a good risk reward ratio possible. But at cmp at SL below trendline on weekly closing basis.
IGL under ascending triangle patternIGL moving under ascending triangle pattern, once its break will see good move. Keep under radar
IGL short term buyCurrent - Uptrend
Trend reversal - Head and shoulder expected but if the candle closes above 575 then we can see the trend to resume its direction (up).
Found support at 1hr timeframe with Bullish RSI divergence. I expect the stock to move up to at least 572 before moving down
Traget - 572
Long with 75Rs out of 100 Rs Riskgo long with 0.75 with risk and rr of atleast 1:2
go long with 0.75 with risk and rr of atleast 1:2
go long with 0.75 with risk and rr of atleast 1:2
go long with 0.75 with risk and rr of atleast 1:2
