ON WEEKLY CANDLE IT IS ON ITS 5 LEG OF CORRECTION , AS IT WAS EARLIER DURING 1 JUNE 2020 TO 12 OCT 2020
But it is important to close between 445-455 on weekly candle. IF NOT THEN THERE COULD BE MORE DOWNSIDE.
Strong support 437.65
IGL stock is in good accumulation and descending triangle pattern formed and trying to recover from crucial support. Please consult your financial advisor before investing.
Cmp is 458.85
best discount price to buy 454.7
Target 1: 483.55
Target 2: 504
Target 3: 537.05
IGL is near its very important major support trend line. Also it is on its horizontal support line. The combination of these two supports can acts as very crucial support.
Enter on break of minor trend line that is drawn. This is very goog R:R trade.
This analysis was done by me only for understanding work of trend line. Use this only for education.
Feel free to...
Trading near Lower trend Line, If sustain above the trend line then go long. This is for Educational Purpose only, apply your prudence & consult your adviser before trade.
My view on Igl chart
Igl start correction 14 sep 2021 and first lag complete 29 oct 2021 type of part 5 wave
igl start second lag 30 oct 2021 second lag complete 15 dec 2021
c wave start 16 dec 2021 c wave 5 lag hona chaiya
Note -
One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells...
Indraprastha Gas Cmp 465 dated 6.1.2022
1. Tripple Bottom made
2. Price rise with Volumes
3. RSI Reversal.
Buy for a tgt of 480-490-500 SL 455
It is just a view, pls trade at your own risk.
Wait And Watch ??
Look for Low risk, High reward, and High Probability setups-
Things to Remember while Trading with the Trend
1. Know what the trend is.
2. The best trades are made in the direction of the trend.
3. Assume that the main trendline or moving average will hold.
4. The longer the moving average is, the better it defines the trend.
5. Wait for the...
At Trend Line Support. If manages to stay above 490, we may again see 510+ levels on Monday. However, if that's breached and sustained, stock may fall to sub 460 levels.
