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INDRAPRASTHA GAS LTDINDRAPRASTHA GAS LTDINDRAPRASTHA GAS LTD

INDRAPRASTHA GAS LTD

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IGL trade ideas

Swing Opportunity in Indraprastha Gas LtdGo Long above 476.05 for Targets of 498.1, 520.15, and 542.2 with SL 454 Reasons to go Long : 1. On a daily timeframe if we draw the Fibonacci retracement tool from recent swing low (point A) to recent swing high (point B) then we see stock took support from 0.618 Fibonacci level. 2. Also a bullish candlestick pattern Bullish Engulfing (marked with orange color) is formed around 0.618 Fibonacci level. 3. Also there is a strong demand zone (marked with purple color), from which the stock initially faced resistance but now is taking support and moving up. 4. There is a resistance zone (marked with red color), which is providing resistance to the stock so we have placed our final target just below it.
NSE:IGLLong
by Nimish_Ghagare
[Positional] IGL Buy Idea Results BetBiren's trade. Also noticed that IGL has same type of distribution like Maruti. Amazing pinbar. 450 is hard support. It tested last time too 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 at "where" to act in "what direction. Unless it triggers, like, let's say the candle doesn't break the level which says "Buy if it breaks", You should not buy at all. ======= I use shorthands for my trades. "Positional" - means You can carry these positions and I do not see sharp volatility ahead. (I tally upcoming events and many small kinds of stuff to my own tiny capacity.) "Intraday" -means You must close this position at any cost by the end of the day. "Theta" , "Bounce" , "3BB" or "Entropy" - My own systems. ======= I won't personally follow any rules. If I "think" (It is never gut feel. It is always some reason.) the trade is wrong, I may take reverse trade. I may carry forward an intraday position. What is meant here - You shouldn't follow me because I may miss updating. You should follow the system I share. ======= Like - Always follow a stop loss. In the case of Intraday trades, it is mostly the "Day's High". In the case of Positional trades, it is mostly the previous swings. I do not use Stop Loss most of the time. But I manage my risk with options as I do most of the trades using derivatives. =======
NSE:IGLLong
by Amit_Ghosh
[ INTRADAY ] IGL LONG BETrisk: Reward ratio is 1: 2 Rest as per Charts ******** 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 “where” to act in “what direction. Unless it triggers, like, let’s say the candle doesn’t break the level which says “Buy/Sell if it breaks”, You should not buy/sell at all. ======= I use shorthands for my trades. “Positional” - means You can carry these positions and I do not see sharp volatility ahead. “Intraday” -means You must close this position at any cost by the end of the day. ======= Always follow a stop loss. In the case of Intraday trades, it is mostly the “Low/High of the Candle”. In the case of Positional trades, it is mostly the previous swings ********
NSE:IGLLong
by Palkesh_Agrawal