IGL trade ideas
IGL - Tight range consolidationIGL is consolidating in a tight range since last 16 days and since last two days it is finally giving a closing above 430, which was previously highest closing in last 16 sessions. It is also forming a ascending triangle formation with in a parallel channel.
Today it faced resistance around 455, which was a 2021 breakdown level. It has since then consolidated for almost 280 trading session and looks like it is all ready to take this resistance out sooner than later.
Keep this setup in radar, this is not a buy or sell reco but just an educational post
Happy Trading.
Positional stock to holdChart -> IGL Weekly
A wonderful ascending triangle pattern emerged and a breakout happened this week with a long, bullish candle.
CMP: 462
Good range: Around 440
Targets: 510 and 580
SL: 415 weekly close
Disclaimer: This is for educational purposes only, not any recommendations to buy or sell. As I am not SEBI registered, please consult your financial advisor before taking any action.
23rd March || BANK NIFTY & IGL- Intraday Targets AchievedAnalysis Criteria Used:
1. The analysis for Bank Nifty & the Swing Trade ideas, has been done based on Trend analysis and Chart Patterns with Volume Buildups
Focus On:
1. Always keeping your Risk Management in play
2. Using a Stop Loss; because it is your Best Friend
3. Always Plan your Trade and stick to your Plan
4. Dont overthink or overanalyse
5. Treat this as your Business and get serious about it
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DISCLAIMER:
.
* Please do your own research and/or contact your financial advisor before taking any trading opportunities
** We will not be responsible for your profit or loss
*** We are NOT SEBI REGISTERED
______________________
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23rd March || IGL - Intraday Targets Achieved #stocks #targetsAnalysis Criteria Used:
1. The analysis for the Swing Trade ideas, has been done based on Trend analysis and Chart Patterns with Volume Buildups
Focus On:
1. Always keeping your Risk Management in play
2. Using a Stop Loss; because it is your Best Friend
3. Always Plan your Trade and stick to your Plan
4. Dont overthink or overanalyse
5. Treat this as your Business and get serious about it
#sharemarket #stockmarket #nifty #sensex #investing #trading #nse #bse #stockmarketindia #stocks #indianstockmarket #investment #stockmarketnews #banknifty #finance #money #intraday #intradaytrading #investor #niftyfifty #dalalstreet #sharemarketindia #sharemarketnews #stockmarketinvesting #business #sharemarkettips #stock #india #indiansharemarket #rakeshjhunjhunwala #bhfyp #mumbai #share #wealth #investment #market #invest #trading #investing #finance #FinancialFreedom #investor #trader #stocks #profit #investors #economy #equity #shares #nifty #stockexchange
DISCLAIMER:
.
* Please do your own research and/or contact your financial advisor before taking any trading opportunities
** We will not be responsible for your profit or loss
*** We are NOT SEBI REGISTERED
______________________
best stocks to buy today
best stocks to buy now
best stocks to buy
best stocks for Intraday tomorrow
best stocks for long term investment
best stocks to buy today india
best stocks for swing trading
swing trading strategies
swing trading beginners
what is swing trading
swing trading stocks
swing trading stock selection
swing trading kya hai
nifty analysis
nifty view
bank nifty analysis
top stocks to buy now
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nifty view
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stock market view tomorrow
bank nifty Levels
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share news
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IGL stock to take long entryLong IGL above 435 levels for the target price of 455-460 . All important levels has been marked on the charts. 5 star Trading setup analysis:
1- Star- RSI taken well support at 40 levels sharp V turn.
2- Star- Resistance BO with very strong bullish candle & trading at support level.
3-Star-- After the second BO of marked resistance area well confirmation and can play trade.
4-Star-- Stock trading within channel & trading forming bullish sign from the lower channel.
5- Star-- Stock has been crossed the 50 as well as 200 EMA.
All above setup is good to go for high probability long entry with good risk to reward trade but not 100% full proof .Therefore, more important this setup can also be failed. So the stop loss need to be placed well in advance to avoid any fall in the stock market. This is for your education purpose only. Learn & trade only#.
IGL - Is Further Upside Possible?BUY - INDRAPRASTHA GAS LIMITED
CMP - Rs. 431
Target - 1: Rs. 511
Target - 2: Rs. 580
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Technicals - Harmonic Patterns
Ascending Triangles
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Targets have been set using previous resistance zones.
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This chart is for educational purposes only.
IGL on Breakout; above 447 on Wednesday 8 Mar for Intraday Please check out the INTRADAY Trading Strategy in the COMMENTS section below during the live market hours:
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1) Impulse upmove stage: The strong upmove (nearly upto 2% from breakoutprice) happens within the first five to 15 minutes. "High Risk Traders" buys in hope of another 2% upmove intraday.
"High Risk Traders" may have to patiently wait through the Pullback-Consolidation stage to realize profits. High risk/High reward set up as breakouts may fakeout (reversal)also
2) Pullback-Consolidation stage: After the above "Impulse upmove stage"; the price may then pull back and move sideways (between "Open" price and "High" of the above "Impulse upmove stage").
Safe traders with minimum risk profile may Wait for a breakout from the consolidation to enter at this stage to relize high profits in the final intraday final "Breakout continuation" stage
3) Breakout continuation: Stocks often in the third stage breaks up above the "High" of the first "Impulse upmove stage" and continue to go higher again.
Both Safe Traders/High Risk Traders may book profits at this stage
Stop Loss: You may keep the stop loss @ "Open" price of the day OR "Breakoutprice"
The above information is not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendation.
IGL - Compression breakoutWith gas prices slated to come down from 1st April when the new price calculations come in..Gas supply companies could be beneficiaries.
Long above 452 with a stoploss below 427 or if you have a longer term horizon then 415.
With the compression happening in the price the stock could make a sharp move ahead.