IGL trade ideas
hassle free trade with trend lines & price support / resistance trade can be executed based on only trend line /support and resistance with out indicators .
things to be noted :
1. formation of horizontal base support price
2. lower supporting trend line near to base support
3. keeping simple price support below trend line as
stop loss on closing basis
4. targets will be every major resistance formed earlier in trade
IGL
trade set up :
1. cmp 509.80
2. buy up to 502
3. keeping stop loss as 478 on closing basis
4. targets : 536/547/560/580/592+++
technical setup:
1. trend line
2. support
Long IGL - High Probability Swing TradeChart is self explanatory. Entry, Targets and Stop Loss are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
IGL Bouncing off at Multiple SupportsIGL is bouncing off again from its medium term support, same as it did a month and a half ago. The stock bounced off this support the last time, went to the resistance at 580 and came back to its support. The stock's price action today is indicative of a bounce again at this trend line and 200DMA support. The candle formation is also of 'morning star' type with gap up today and volume support. We are bullish on this stock and can see the price going back to 580 resistance zone.
Simple Trade Setup | IGL | 12-10-2021 [INTRADAY]NSE:IGL
Observations:
1) On 1 day time frame, we can see that now it is at very critical level range.
It is make it or break it, now. If it took support then we can see good reversal for uptrend. But if it fails then the down move continue.
Please refer below chart : 1 day Time Frame.
2) On 1 hour time frame, we can see hidden bullish divergence as price is made lower low but RSI made higher low.
Please refer below chart : 1 hour Time Frame.
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Trade Setup for Date 12-10-2021:
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
🔥 IGL. What You Are Getting By this view ,Tell us in comment.NSE:IGL
let's make this analysis a bit interactive.
As per this technical analysis #igl share at support if we can find reversal at this levels then igl share might fly from here.
Tell us in comment what you are getting from this view.
******whatever charts or levels sharing here are just for educational purpose only, not a recommendation. Please do your own analysis before taking any trade on them. We are not SEBI registered.
Simple Trade Setup | IGL | 04-10-2021 [INTRADAY]NSE:IGL
Observations:
1) On Daily time frame it has closed above 200DMA which is placed at 529.62 level.
Please refer below chart : Daily Time Frame.
2) On Daily time frame, it made morning star candlestick pattern.
For positional long trade for short/mid term, one can take positon on breakout of 535 level for target of 558,571,590 with SL of 520.
Please refer below chart : Daily Time Frame.
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Trade Setup for Date 04-10-2021:
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respsective level considering how price action works near that level.