IGL trade ideas
expecting an upmovementstock just took a support and travelling towards the resistance, kindly keep the stoploss
Inverted cup and handleIGL has tested the support 4 times and looks weak below it. Keep on radar below 388.
IGL Gartley Harmonic Chart Pattern !!TREND ANALYSIS & TRADE SETUP !
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 10-12 times
IGL SWING SELL [VT LEVELS, DIVERGENCE]IGL REVERSED FROM ITS RESISTANCE - 423.05
BEARISH DIVERGENCE
SHORT IGL ON TRENDLINE BREAK DOWN (BLUE COLORED)
TARGET - 395.5
IGL is Running in SR Trendline (Strong Breakout Trade)Indraprastha Gas Limited : Natural Gas Distribution Company ( NSE:IGL ) is Making SR Trendline Pattern (PATTERN BREAKOUT TRADE).
This can become a very good trade for INTRADAY traders.
Target + StopLoss: There is no target here. You keep the first target as much as the StopLoss you put. And the StopLoss will be the Low/High of the candle that broke this pattern. Or Low/High swing backward inside the pattern.
And as soon as you get a profit of 0.50% of your target, you will trail your StopLoss and bring it to the entry point. And as soon as your first target is hit, you will release half of your total quantity and continue to trail your StopLoss above the last swing Low/High.
Target and StopLoss are never already fixed in the chart pattern.
Thank you.
You always have to trade only by money management, position sizing, StopLoss trailing. This is the way to stay in profit.
Chart Published By Ravinder Sharma
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
