IGL trade ideas
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
BUY IGLit has given ascending triangle breakout. Also it has given ichimoku breakout. we may see 590/600 in coming days. view negated below 525
How to Do Swing trading in IGL ✺----------------Drop a follow here: @Averoy_Apoorv_Analysis ✺ I post Good and potential trading ideas on daily basis on this page of mine :)
✺✺ Target: 1000 Followers ✺✺
$$ Important logic used: Symmetrical triangle on the resistance of monthly zones = signs of accumulation of price to make the sellers go away and break it, symmetrical triangle showed that both sellers and buyers had same strength near the resistance zones, bulls won the tug of war and thus the stock seems bullish for a while at least, swing trade can be activated here with a Risk of 4% and targets of 4% and 8% , enter the trade as per your setups and risk management only and analyze more than once and think wisely before taking the trade :) Happy trading fella
✺--------------------------- Motivational and psychological area ✺
✣Trade only if you are in the right mindset, if you have been emotionally weak for some time, take your time and don't trade, trade with a happy and + mindset only.
✣If you want to make money, firstly be prepared to lose it, only that much which you can afford and that much by which you can make a mistake again, learn from them and grow
✣Don't lose hope and keep grinding
✣I have seen my friends on youtube streaming games with watching 10, constantly they streamed for a year or two and now they are buzzing with 1k to 2k watching daily.
✣Focus on the process, you are here to make money not stupid decisions, and lose it all
✣No one will help you climb the mountain, few will tell the path, so follow good people, make good mentors and make good decisions and choices in the stock market.
✣Believe in yourself :)
✺------------------------------------ Some info-------------------------- ✺
➼My name is Apoorv and I am a 2nd year Engineering student, I want to pursue trading as my career, and thus whatsoever setups or trades I potentially see on my charting platform, I post it here and share them with you all.
➼I hope you will love my simple analysis style.
➼Feel free to suggest your view on this as learning is earning here :)
➼I take my trades on my Zerodha account :)
➼I don't take all the trades I post
➼These charts are my and only my work, my thought process, just from an educational point of view and no calls.
<<<<<< Thank You Have a Nice Trading Day >>>>>>
IS ANY MORE GAS LEFT TO LIFT IT UP FURTHER?Doubtful. Probably formed ending diagonal in B wave of ABC correction after making 5th wave. C wave will ensue sooner than later. Aggressive traders can start shorting now/safe practitioners may wait for break of lower trend line.Disclaimer:this is my personal view not trading recommendation. use your own judgement/analysis & invariably SEAT BELT.
IGL LONGIGL HAS BEEN SHOWING GOOD MOMENTUM RSI IS ABOVE 60,MACD IS JUST ABOUT TO CUT, AND BIG GREEN CANDLE ARE SHOWING GOOD NSE:IGL
IGL #StockMarket #StockToWatch IGL LOOKS GOOD ON THE CHART
AFTER BO RETRACE AND AGAIN READY TO MOVE
GOOD VOLUME ALSO COMING
SECTOR ALSO GOOD FOR LONG TERM INVESTMENT
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BUY AT CMP WITH TARGETS FOR A MINIMUM OF 570/595/600
REFER CHART FOR ENTRY DETAILS
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USE STRICT SL FOR EVERY TRADE
IGL rectangle Breakout#IGL Breakout
4 months of consolidation might end today.
A fresh close above 580 in next month may happen.
Also, Co expects to spend Rs 2,000 Cr this year for new geographical areas & add 1 20 stations in FY22. Positive outlook. (Source: CNBC TV18)
IGL LOOKING POSITIVEIGL(W): CMP LOOKS GOOD FOR MORE UPSIDE, ENTRY CAN BE MADE AFTER BREAKOUT. ALL OSCIALLATORS ARE POSITIVE, CHART IS SELF-EXPLANATORY.
