IGL trade ideas
trendline breakout with volumeIGL
Time frame- DAILY
*Entry - 430
*Stop loss - 413
*Target - 470, 509
*Short term
*Reason- RSI above 60, Price action.
Disclaimer:- I am not SEBI registered analyst. Only for information and education purpose. Please consult your adviser before investing.
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Flag and pole formation in IGL. IGL has formed a flag and pole pattern on the daily time frame.
Nifty oil and gas index has been trading around the recent high and IGL stock can give a good moment following the index.
There is bullish moving average cross over on the daily time frame.
3 point confirmation.
1. Flag and pole pattern.
2. Bullish cross over.
3. Index trading near the recent highs.
A swing or intraday trades can be initiated after the break out of the flag.
The view on the stock is bullish and only take a trade on the break out of the flag.
Target :- 440, 460, 471
Stop loss :- 415
Stock will follow the index, keep a look at the oil and gas index too.
fibo / resistance breakout tradefibo level 78.6 @ 428-29
breaking this level can lead to
targets
432, 439 & above
keeping stop of 421
disclaimer - trade @ own risk
IGL | Short term trade for good RRRShort term Trade opportunity.
CMP: ~ 378.25 ( Buy @ ~ 387.95)
SL: ~ 364.25
Target: ~ 497
( Targets calculated on the basis of Fib. and previous swings )
Disclaimer:
I am not a SEBI registered analyst. My studies are for educational purposes only. Please consult your financial advisor before trading or investing. I am here just to share my views and have fun!!! Don’t take me seriously…..
Happy trading !!!
IGL : CRUCIAL BREAKOUT #IGL #NSE stock at crucial resistance to make a breakout. If it breaks and sustain above Rs.390 then , rally will take to another Rs.10 with resistance at Rs.400
Strong support at Rs.360
IGL IN DAILY DEMANDIgl at support level and in daily demand zone looking bullish. Target should be 410+
IGL Positional TradingHi guys, In this chart i Found a Demand Zone in IGL for Long Term, Observed these Levels based on price action and Demand & Supply. Don't Take any trades based on this Picture ...because this chart is for educational purpose only not for Buy or Sell Recommendation.. Thank Q
IGL Short to long term upside opportunityBuy IGL above 422 for trading purpose for target 432-445-460
With sl at 414
For long term by above 422 for target 515-600
Stop loss at 398 NSE:IGL NSE:IGL1!
IGL- Short Term :Bears Counter attackIGL- Short Term :Bears Counter attack , down trend as long as it sustains below 429 on closing basis. Potential targets - 391
[Positional] IGL Long IdeaIGL has created a very good 'Flagpole Pennant pattern on daily basis.
There was sharp upmove observed from the levels of 350 -440 (8 aug - 16 Aug). After that the stock has been consolidating only from last 10 sessions and the range is getting smaller and smaller creating a pennant.
What Is a Pennant?
- A pennant is a type of continuation pattern.
- When there is a huge movement in the stock, it forms a flagpole like structure- a very straight up move of more than 3 huge bullish candles.
- After this strong up move there is a little break to buying and consolidation begins - consolidation creates a triangle shape attached to a pole - called as pennant.
- Pennant formation normally says that there is still some buying left and this is just a break and the trend will again continue in the same direction as the initial large movement if it breaks on the same side as initial trend.
We are supposed to enter the trade once the price breaks out of this consolidation triangle - Pennant. It is advised to only take trades in the direction of the initial trend. Stop loss can be the low of the penannt.
Entry:- 424-430 (whenever price breaks the pennant on daily closing candle basis)
SL:- 402 (low of the Pennant)
Target :- 477
IGL Long (15 Sep)IGL Long (15 Sep)
RSI-69
Pennant formation
Buy at CMP- 436 or at 428
SL- 414
Target- 503
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Disclaimer- We are not SEBI registered advisor.
Charts and views are only for educational purpose.
IGL ....IGL ....
1 - forming flag pattern , cup and handle pattern
2 - good volume
3 - bullish rsi momentum 65
4 - 20 ma support
buy above day high
for target t1, t2 , t3 .
IGLSeems volatile compression seen
Flag and and pole pattern
Weekly already given Breakout and consolidating
INDRAPRASTHA GAS LTD (IGL) - STOCK FOR SWING TRADENSE:IGL
FLAG PATTERN Breakout given with good volume,
One can go long with stoploss - 405
Short term target - 440, 465
Flag pattern target - 478, 497
Igl trend reversalchange of trend after long consolidation, we can see price also reclaimed 200 dma from now on following the trend may give good risk reward ,and we can see formation of flag pole so usually rally would be lenght of pole
IGL -Medium Term, Bulls @ accumulation ZoneIGL- Medium Term, Bulls gaining momentum at accumulation zone. Potential move towards 520+ levels in the medium term.
YR 2022 Idea #115: Long on IGLThis is a public swing trade idea and is only for Learning and observational purpose. Please understand your risk and take full responsibility of your actions. I might trail my stoploss after I get an entry but even if my original Stoploss hits, i exit the trade with pre-planned loss (risk). At target, I book usually 75% positions and trail stoploss for rest. Our objective to help anyone who wants to learn technical analysis using charts by demonstrating my real trade entries. You can post your queries in comment section here and we will try to answer them asap.
