IGL trade ideas
IGL will give a great move.3 bullish patterns done.Hello traders,
this is IGL chart.check details mentioned in the chart.
check my other ideas to get to know about all the successful trades based on price action.
Thanks,
Aniket.
IGL Reversal at High Volume Node [Volume Profile] + VSAShort IGL at 472.5
SL - Exit if day's close above 472.5
IGL - Strong bull - At Resistance.Price after breaking the long time resistance forms a parallel channel pattern and breaks to reach the resistance in one day.
Previously price took at least 10 days to reach the resistance from this levels but now it took only one day to nearly reach the ATH levels.
Though it moved rapid profit bookings seen at the end of trading day, one can expect the price to move towards ATH levels and hopefully breaks it.
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IGL Go longGo long in igl after breakout of 450 level targets min. 468.
breakout of ascending triangle.
After Correction of breakout IGL ready for target of 505+After the breakout of the neckline at 429, its completed correction move and again ready to move towards its immediate target at 485. We can get good risk-reward in this trade. Downside 429 is acting as support so we can set this as a stop loss for this position.
Possible Trade:
Buy IGL above 449.50
Stop loss 429
Target 485 505+
#IGL WEEKLY CHART VIEW!!#IGL WEEKLY CHART VIEW!!
Indraprastha Gas Ltd. sustained above weekly resistance zone on a closing basis and likely to stay positive in the short term if the stock stays above 430-438 zone.
Probable resistance comes at 455 and then at 480 level respectively.
Technical parameters look positive as of now.
#IGL CASH : BUY 50% ABOVE 442.10 AND MORE ABOVE 450.10#IGL CASH - POSITIONAL CALL
17.11.2020
BUY IGL CASH 50% ABOVE 442.10
AND MORE 50% ABOVE 450.10
STOPLOSS 420
TARGET 474/508
CMP 439
NSE:IGLDISCLAIMER : . I am not a SEBI Registered analyst.
All chart analysis I publish are educational and information purposes only
IGLA break below 418 one can expect 414/412 levels
Stop Loss : 422
Disclaimer:
The content of the idea and the interpretation of data are solely my personal views which being said I do not warrant its completeness or accuracy.
This idea published is purely intended for educational and informative purposes, I urge traders to make their own trading decisions based on their specific trading objectives and financial position.
Weakness in IGL....Breakdown given yesterday below 380
might see 340-300
sell on rise
supply zone is 424 to 440(which is also 78.6% fibbo level and 200SMA also in this zone)
below all important moving average
