IGL trade ideas
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
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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.
IGLif this pattern is valid expecting target 540 to 530
it it breakes above 585 expecting new high above 600+
IGL Bounces off SupportIGL 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.
IGL swing trade idea#IGL Swing buy in the range of 545-548 for the targets of 560, 570+ with SL below 536. #SWING #POSITIONAL
IGL - Head & Shoulder setup Good setup for up move
Formed Head & Shoulder
Moving average of 55 also supporting for trustable move
Indraprashtha Gas Ltd - Cup and Handle ContinuationCup and Handle Continuation. Wait for a breakout with volume confirmation
IGL Breakout buying side for IGL
igl get out from regression chennel
macd +ve buying indication
price also running above 50, 200 daily moving average
recently taken support on 200 SMA
IGL longThe stock is about to break its upper resistance zone at 560-565. Once it crosses it targets will be 600 and 623 as shown in chart.
IGL -- Finally moving to ATH ???IGL looking strong on charts
Breakout done and expecting 580 as initial targets.
Target 1: 580
Target 2: 620 - 650
SL: 540
