IGL trade ideas
IGL MAY GIVE BREAKOUT FROM RECTANGLE PATTERNIGL HAS BEEN IN RECTANGLE ZONE SINCE 07 JUL 20. LOOKING AT THE MOMENTUM, IT MAY BREAKOUT IN COMING SESSION. BUY ABOVE 423 FOR SAFE BET
Educational Breakaway trade in IGLAccording to Franklin Ochoa in his book relating to pivot points, IGL today classifies as a good "breakway plan trade", since following condition is satisfied:
confluence of opening 15 min price:
1. breaching previous day range
2. breaching previous day R2
3. breaching current day R1
4. succesfully testing todays R1
5. Narrow range CPR stocks
IGL Trade Setup & Chart Pattern !!TREND ANALYSIS & TRADE SETUP !
WAVE COUNTING !!
HEAD & SHOULDER CHART PATTERN !!
Follow Chart Instruction.
Do not be Hurry for entry.
Wait for Proper Entry Setup.
Buy/Sell with Best Risk Reward.
Educational Chart Only.
Wait for entry setup, if available then Long/short.
Reward is 8-10 Times
IGL Strong buy @ 377 to 390 Demand ZoneIGL Buy @ 377 to 390 Sure Shot Target 465
Target 2: 609, Target 3: 755, Target 4: 990
Note: Study Purpose Only
Go Long after retrace confirmation Parallel pattern is breakout and go long if retrace gives signal for long trade.
Disclaimer: All charts are purely for educational and information purpose only. Invest or Trade at your own risk.
IGLTook breakout beautifully, buy in pullback or safe players buy above 405(Intraday).
Please do your analysis.
IGL ABCD PatternIGL made an ABCD Pattern and the trade gets initiated when the stock price hits 374.8
#IGL CASH : LOOKS GOOD AROUND 387-388#IGL CASH
09.09.2020
LOOKS GOOD AROUND 387-388 SL 380
TGT 399-400/418
CMP 393
IGL looks promising.Indraprastha Gas Limited looks solid for an upmove.
CMP. 403.65
TGT. 416.00
SL. 399.55
