IGL.. time for correction?IGL has been a strong stock.. and has reached 1.618 extension.
weekly close below 426 can trigger a correction..
IGL trade ideas
IGL AnalysisIGL has taken decent support at 423 level and trendline. Holding below that could dip towards 418-->415. Since the 30th of December is critical for IGL, it can prove as a turning point and push the scrip towards 438-->442-->445-->451
Regards,
Sharma Yogesh
#DOUBLETOP #UPTRENDLINE #BREAKOUT #RSI #DIVERGENCEShort Below 420 Rs By Keeping SL Above 440 Rs For Target of 400 - 380 Rs.
indraprastha gasNSE:IGL
levels for friday..
keep eye on this post as i'll gonna update stoploss, once our call executed
IGL: W PATTERN BREAKOUTW pattern breakout today on daily candle.Corresponding volume suggesting breakout.
Daily candle also crossed weekly resistance range of 425-431(SHOWED BY BLUE ZONE),
THOUGH not that convincingly.
LONG ABOVE 435, SL 430, TARGET 441/445
IGLGave tweezer top on Daily and
bearish divergence on hourly
can see 417 if 420 broke stop is 425
enter on levels only
Hero of the dayIGL, today, showed rally over 5 %. The reason being over 100% change in OI.
The stock seems to be bullish over coming few days.
