Divergence, THREE BLACK CROWS & Wolfe Wave all are pointing a good short at this level for a target of 840 on or before 25.01.17. Good Risk reward ratio!
Kissing at the top@960. Correction has started right in the block hole. Next moving below 925- support comes between 910-912 zone.
Click the chart shown below & use "load bar feature to see future price bar"
Can attract you to bulls camp
Likely close to end minor wave 3 which travels 200% of wave-1 starting from 238 lows was registered in yesterday's session. Next we shall wait outside to get the clues for a pullback in minor wave-4.
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Click the charts & use load bar feature
Can attract you to bulls camp
SO IGL is very bullish now may be is going to be correct in coming session, go Long when there is breakout or wait till correction is over for going long, may be a nice trade for shorting...so bull wait & watch for right time cheers..:) in.tradingview.com
Running late in the bulls camp shall not make one happy as indices are posed for correction in coming days in early 2017 so keeping that in mind, IGL is no different than others & It has been close to finish its blue wave-3 in the zone 940-960 where it travels 200% of its respective wave-1 & can over shoot as well, but be careful when you see this stock getting...
IGL a stock which is powerful on monthly and weekly. is not a stock to short for big money, not until 882 is accepted. 790-880 which was a trading range for IGL in 4hours charts was successfully broken by a WRB(wide range bar) and got a good follow up. now a spining top is formed and a small bearish inside candle followed up.
Expect a test of 882 which was the...
IGL opening around 2-3% up.. stock have resistance at level 840-850... then stock will move down or if able to break resistance then you can see 10-15% in today or 1 day
IGL is trading in a channel. Blue Lines will act as a support or resistance.
How to trade,
For short term, Trade the channel.
For long term/Positional - We will trade the breakout.
Keep an eye guys :)
Consecutive flag pattern in Indraprashta gas limited......
Go long once it breaks flag... even 900 levl can be seen within short time (2-3 days) with strict stoploss of 838.
