igl NSE:IGL
as long as stay above 534 it can touch 600+ so trade for long only till it above 534 , below that one can short.
IGL trade ideas
CUP AND HANDLEIGL in focus after Nomura's report of co being the top pick in city gas space and target being increased to Rs 650/Sh
IGL-Ready to make new Highs.Levels of 520 has been tested 4-5 times already which makes the resistance weak.
A consolidation near the highs give a little more confidence that this stock can go higher as price is sticking to the higher levels.
We will keep targets small for the beginning (Marked the smallest target with green line.)
Keep an eye folks .
Cheers and Happy Trading.
Wish you all a very Happy New Year and may god grant all the success.
May everyone's portfolio end in green this year.
IGL - RETEST AFTER BREAKOUT - BUYING LEVELI had already shared a the idea, look at the link given below to know why this is a high probable swing trade.
Note:
Avoid the stock if a big gap up or gap down is seen
Enter after the breakout happens and not before it
Do not chase the market, i.e., do not get involved in late entries
Only enter with strict stop-loss and target
This is not a recommendation and is for educational purposes only.
always follow risk-reward and quantity management for the 100% of the times
The above mentioned idea may not work, so beware of the risk you are taking
Follow me to Learn and Earn with me.
Happy Trading!!
IGL is near another breakoutAfter today's breakout, It is in the bullish momentum. It has faced a resistance at 514.10 . I think, it may break this resistance tomorrow and it can proceed higher.
IGL Breakout on DailyIGL has given breakout on daily chart with good volume rise. Nearing all time high. weekly highest close is 511.30. sustaining above 500 level could take this to new highs potential upside is at 655.
RSI is at 68 on weekly.
CUP&Handle can be seen on Weekly and Daily Charts.
IGL - Long Break out at 52 weeks highHi Swing Traders,
IGL is making a decent price structure with Gap-filling with pull back. Possible breakout tomorrow. Check out the above chart for more.
I hope you will benefit from this knowledge
-MetaVish
IGL - Accummulation - Get ready to enterA Symmetrical triangle is a clear cut indication of consolidation followed by a breakout. A BIG BREAKOUT...........
Note:
Avoid the stock if a big gap up or gap down is seen
Enter after the breakout happens and not before it
Do not chase the market, i.e., do not get involved in late entries
Only enter with strict stop-loss and target
This is not a recommendation and is for educational purposes only.
always follow risk-reward and quantity management for the 100% of the times
The above mentioned idea may not work, so beware of the risk you are taking
Follow me to Learn and Earn with me.
Happy Trading!!
Positional Pick*Rounding Base formation in IGL .More conviction when breakout the trend line closing basis.
*Added in your watch list and wait for for breakout.
*I will update chart when breakout done.
IGL can give another attempt to break out IGL is entering in a strong resistance / trendline again. Watch it out for break out and can test the all time high levels again. For educational purpose.
IGL may give the next breakout about 510IGL has been consolidating in the 480-500 Range for last few weeks and it has very well shown the strong support in the 480 range .
if IGL moves above 510 on CLB with good volumes then a it would be a good candidate for a long position above 510 with SL @ 480
#Please consult your RA or Investment/portfolio advisor before taking any trade and do follow correct position sizing and Risk Management
IGL triangle breakdown and Reversal from Demand ZoneIn IGL we saw a symmetrical triangle breakdown and Reversal from Demand Zone, now it can enter in triangle again.. Targets- 492,504,521, SL- Below 470
Disclaimer: author may enter in trade, take your own decision , This is an trading idea not an trading or Investment advice.
IGL - Breakdown and Gap filling possibilityIGL:
Gap Filling Possibility and Support Breaking
Sell Below 468.5 with a SL 471
igl - buy on dipsBuy from cmp 482.8 to 481.5
tg 510/520
sl yours
Disclaimer : This is my personal analysis for study purpose not intended for trading
