IGL trade ideas
retestprice at breakout levels of ascending triangle of 104 points, could be added in dips.
strong base near 538.
IGLigl: One year consolidation breakout re-test and its ready for new time high keep it on radar above 540 closing....
IGL Cmp 550 dated 29.6.2021IGL Cmp 550 dated 29.6.2021
1. Box Consolidation break out above 546.
Buy for a tgt of 557-570-585-605 SL 535
It is just a view, pls trade at your own risk.
Long IGLIGL has came out of consolidation and started moving. Long in 570-550 zone for 711 target with SL 479 on closing basis.
IGL intraday trade idea for 6th July#IGL entry and exit levels on the chart (refer black/blue lines). Place SL@0.5% of the entry price. Zones (in pink/orange) are the places where it's unsafe to enter.
Triangle formation in IGLA perfect triangle setup has been formed in 15min time frame chart.Also the 44MA is rising.Traders can enter with risk to reward ratio upto 1:3.
IGl has Created Both Flag & pole + Rounding bottom patternHi guys ... As shown in the chart IGL has formed both Flag and pole + Rounding Bottom Pattern and it looks good only above 578- 580
Targets can be the 100% of the depth of the rounding bottom pattern and Target 2 will be 100% of the length of the pole ..
-- Things to remember
--- Breakout should be done with Good volumes
--- Once breakout done .. it can come back to retest the support which was once resistance ...
-- Please wait for the confirmation ... so for being Safe side buy 1-2 points above the mentioned levels
- Note : I am still a learner ... Do let me know if i miss something
- Disclaimer : - This is Just for Education purpose only
BUY IGL FOR 10% TARGET IN SHORT TERMRefer the chart - post consolidation of almost 5 months, now the stock has given a break out. It is trading at strong support level as well.
Buy only above 525 on todays closure for the target of 560 with SL of 500.
Note: It is just my opinion and not a recommendation or promise. I have the right to be wrong.
IGL LONGAS You Can See IGL IS MAKING ROUNDING BOTTOM IN THE PRICE THAT MEANS IT IS POSSIBLE TO UPWARD TREND IN SHORT TERM WITH 2 TARGET IN CHARTS BASE FAB RETRACEMENT AND STOP LOSS IS BELLOW THE TRENDLINE IS CURRENTLY FOLLOWING BY THE PRICE.. ANOTHER THING THAT I AM SEEING IS THAT THE PRICE WILL RETRACE A LITTLE INSIDE THE BUY ZONE THEN IT WILL SHOW YOU A BREAKOUT IN THIS TRADE SO WAIT AND TRADE GOOD TRADE :)
IGL RANGE BOUND BREAKOUTEXPECTING MOVE UPSIDE COZ IT HAS BEEN CONSOLIDATED FOR LONG TIME and retested the trendline
Disclaimer: Please consult your financial advisor,
Investment/Trading in the securities market is subject to market risk, We are not responsible for your profit or loss
Indraprastha gas BullishIm trying to keep Analysis as simple as possible so that people should learn easily. Targets and SLs i don't provide as it varies with individuals.
IGLDaily Time frame
Channel breaking up
Bolinger band break
RSI > 60
MACD Buy
ADX is up
Volume supported break
Higher Time Fram Weekly
MACD Buy
Bolinger band breaking
Entry wait to close above channel with volume
