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INDRAPRASTHA GAS LTD.INDRAPRASTHA GAS LTD.INDRAPRASTHA GAS LTD.

INDRAPRASTHA GAS LTD.

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IGL trade ideas

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.
NSE:IGL
by capitalsmack
[POSITIONAL] IGL LONG BET risk: Reward ratio is 1: 2 Rest as per Charts ******** Note - One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells “where” to act in “what direction. Unless it triggers, like, let’s say the candle doesn’t break the level which says “Buy/Sell if it breaks”, You should not buy/sell at all. ======= I use shorthands for my trades. “Positional” - means You can carry these positions and I do not see sharp volatility ahead. “Intraday” -means You must close this position at any cost by the end of the day. ======= Always follow a stop loss. In the case of Intraday trades, it is mostly the “Low/High of the Candle”. In the case of Positional trades, it is mostly the previous swings ********
NSE:IGLLong
by Palkesh_Agrawal