IGL Buy above 536 Targets 544/566/595 SL 508 Looking good for a swing
On 30 min chart found very good rounding bottom pattern which maybe sign of trend reversal for IGL. Also look very good on risk and reward point of view.
We can see reversal from this harmonic PRZ zone and can be good for swing
IGL bounced from major long-term support, ideal entry was today, now can accumulate at every dip, possible exit targets given using Anchored VWAP(in red). Can keep the support from where the bounce occurred as SL.
#IGL Cash -Positional call (Best for investment) 29.09.2021 Looks good above 523.10 stoploss 510 Target 542-545/570/600 Cmp 518.65
Indraprastha Gas Limited trading inside a channel. good time to take long position
#IGL has seen a stop to downward candle shunting on 29-sep-21 with appearance of first indecision candle. Reversal of candle shunting can take it back to 580. Entry 520 Stoploss 500 ( weekly close) Risk Reward - 1:3
I see a trendline breakdown on a daily chart.. can watch closely for next trading session.... may reverse as well...
IGL was bought three times, 2 times it gave 10-10% returned. Once we need to exit cost to cost
IGL is clearly seen respecting its support line in the past. This can be a good risk reward ratio entry, wait for formation of any bullish candlestick pattern on support line like morning star, bullish harami, bullish engulfing , hammer etc. After completion of pattern long trade can be taken here. Note : If support trend line breaks downside, avoid taking trade...
IGL is currently on 200 MA and trendline support. Can easily touch 600 in October 2021 Go long Can buy 550 Oct ce at 19 cmp
IGL is standing at it's super where a good risk reward ratio possible. But at cmp at SL below trendline on weekly closing basis.
IGL moving under ascending triangle pattern, once its break will see good move. Keep under radar
Current - Uptrend Trend reversal - Head and shoulder expected but if the candle closes above 575 then we can see the trend to resume its direction (up). Found support at 1hr timeframe with Bullish RSI divergence. I expect the stock to move up to at least 572 before moving down Traget - 572
go long with 0.75 with risk and rr of atleast 1:2 go long with 0.75 with risk and rr of atleast 1:2 go long with 0.75 with risk and rr of atleast 1:2 go long with 0.75 with risk and rr of atleast 1:2