IGL trade ideas
IGL Inside Bar TradeLong if it breaks the high of the previous day with a stop loss at the previous day's low.
Short if it breaks the low of the previous day with a stop loss at the previous day's high.
In case of gap up above the previous day's high or gap down below the previous day's low, please avoid buying it or selling it respectively. Follow the ending of the candle formed in first 5 minutes and follow ORB strategy.
IGL Double Inside Bar TradeLong if it breaks the high of the previous day with a stop loss at the previous day's low.
Short if it breaks the low of the previous day with a stop loss at the previous day's high.
In case of gap up above the previous day's high or gap down below the previous day's low, please avoid buying it or selling it respectively. Follow the ending of the candle formed in first 5 minutes and follow ORB strategy.
SHORT TERM || SELL || IGLOne might sell IGL on rise with SL of 325 and targets of 303/297. Adjust your volumes as per entry price and respect the Stop loss.
IGL Long ViewIGL Looks good to buy if it moves above 330 level in 5 min or 15 min candle
with good volume that signifies that stock is in momentum to move in upside
range as given in chart.
Since IGL in daily chart forming indecisive candlestick pattern and also there
is a strong support level at 318-319 level.
I'm sharing my view only for Educational Purposes.
IGL - NEW JOURNEY UPCLOSED ABOVE SUCCESSFULLY ABOVE THE RESISTANCE AT 321.
336 IS THE TARGET FOR IGL.
STOP LOSS 320.
ALL THE BEST!!
IGL - Resistance zone!Price action is at the resistance zone 318 - 322. Unless resistance is taken, price will fall towards 306 and 298.
Go Long on Indraprasth Gas Ltd#positional #Investment
Buy IGL
Cmp ₹314
SL ₹270
Tgt ₹358/367
On Weekly Chart
Above 316/317 It will give a Breakout Which can lead to it's 52Wk High, And Above 245 it Will Give Multi Year Breakout.
Buying Would be recommended If it Falls to 305/295 Levels.
On Daily Chart There is a Resistance on ₹318/320 Levels
