Indraprastha Gas LimitedIndraprastha Gas Limited trading inside a channel. good time to take long position
IGL trade ideas
#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
IGL - Breakout PossibilityIGL :
Looks Strong for breakout
Long above 595.5 with Support at 580 and 575
IGL - Intraday and Swing Trade Idea for 16 SeptIGL 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
INDRAPRASTHA GAS (IGL) IS MAKING FLAG AND POLE PATTERNINDRAPRASTHA GAS (IGL) IS MAKING FLAG AND POLE PATTERN
The flag and pole pattern is a bullish pattern . Pole represents the trendy market and Flag represents the consolidation in a tight range.
Flag patterns have five main characteristics:
1. The preceding trend
2. The consolidation channel
3. The volume pattern
4. A breakout
5. A confirmation where price moves in the same direction as the breakout
Bullish and bearish patterns have similar structures but differ in trend direction and subtle differences in volume pattern. The bullish volume pattern increases in the preceding trend and declines in the consolidation. By contrast, a bearish volume pattern increases first and then tends to hold level since bearish trends tend to increase in volume as time progresses.
The flag and pole pattern is a bullish pattern . Pole represents the trendy market and Flag represents the consolidation in a tight range.
Flag patterns have five main characteristics:
1. The preceding trend
2. The consolidation channel
3. The volume pattern
4. A breakout
5. A confirmation where price moves in the same direction as the breakout
Bullish and bearish patterns have similar structures but differ in trend direction and subtle differences in volume pattern. The bullish volume pattern increases in the preceding trend and declines in the consolidation. By contrast, a bearish volume pattern increases first and then tends to hold level since bearish trends tend to increase in volume as time progresses.
IGL is now 580+ from 545, lets see how far it can goOn July 25, 2021 Shared IGL to buy between 538 to 545 with the stop loss of 515
with breakout confirmation on 580 and today it closed above 580.
Last time also I shared the same stock on June 29, 2021 however it did not closed above 580 and returned back
Hopefully this time it may give good move
Resistance Breakout with Strong Bullish Candle and VolumeThe chart analyse candles pattern , resistance breakout with volume , ascending triangle and moving average support.
Advice : Entry will be retest level (if any) with restrict stop loss
IGLdown ward channel break
trend reversal
down ward channel break
trend reversal
down ward channel break
trend reversal
IGL
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 maintain discipline throughout the trading period and use trailing stop below all the wave.
