NSE:IGLDISCLAIMER : . I am not a SEBI Registered analyst.
All chart analysis I publish are educational and information purposes only
IGL trade ideas
IGLA break below 418 one can expect 414/412 levels
Stop Loss : 422
Disclaimer:
The content of the idea and the interpretation of data are solely my personal views which being said I do not warrant its completeness or accuracy.
This idea published is purely intended for educational and informative purposes, I urge traders to make their own trading decisions based on their specific trading objectives and financial position.
Weakness in IGL....Breakdown given yesterday below 380
might see 340-300
sell on rise
supply zone is 424 to 440(which is also 78.6% fibbo level and 200SMA also in this zone)
below all important moving average
Indraprastha Gas LimitedSO THERE IS THE HIGH CONVECTION TRADE FOR U GUYS. DOW THEORY LEADING THIS PATTERN. FOR SAFE TRADERS ( YOU CAN ENTER AFTER HORIZONTAL LINE BREAKS)
FOR RISKY TRADERS ( YOU GUYS AND ENTRE AFTER THE TRIANGLE BREAKS UPWARDS)
IT'S FOR EDUCATIONAL PURPOSE. TAKE TRADE ON YOUR RISK.
IGL - Intraday Trading Setup for 9 Nov 2020Disclaimer: All charts are purely for educational and information purpose. Invest or Trade with the help of your financial advisor only.
Trendline Broken having potential to move up to 429TRENDLINE BROKEN
NEXT TARGET T1-417, T2-420, T3-429
TWEEZER BOTTOM IN IGL ON DAILY CHARTIGL Tweezer Bottom (Bullish Pin Bar) on daily chart, before this we had good downtrend in IGL, so it is assumed that now bulls will active in this counter.
Buy IGL with strict sl of 363.5 Target - 390/400/410
IGL - Accummulation - Get ready to enterContinously trading in a small range is an indication of a breakout. A BIG BREAKOUT...........
Buy above 850.55
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!!
Weekly levels (19 to 23 october 2020) - IGLshort bias - long bearish candles on downside, and response from buyers poor
Long IGL RR 1:4Details in the chart
SL on daily closing basis
Disclaimer
Do consult your own financial advisor before taking up the trade.
IGL Clear Breakdown following a 3month 2nd BaseEvident Chart, super Bearish
Downside Risk Open to 345 - 330.
Sell on Every Rise, 380 was breakdown level
3 Months of range market - Buy on supportPrice trading inside a range for the last 3 months and it is expected to continue in this month also, as price reached the support last month and moved up to the trend line it is expected to reject here and once crosses the trend line it will head to the resistance level at the top.
Good positional buy in cash !!!
