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IGPL trade ideas

Budget 2022: Trendline Breakout 📈💰DON'T HAVE TIME TO MANAGE YOUR TRADES? | Trendline Breakout in IGPL - Take BTST trades at 3:25 pm everyday - Book profits within first 30 minutes of the market opening - Try to exit taking 3-5% profit of each trade - SL can be taken when 5/15 min candle close below 44EMA Now why do I prefer BTST over swing trades? The primary reason is that I have observed that 90% of the stocks give most of the movement in just 1-2 days and the rest of the time they either consolidate or fall Buy Today, Sell Tomorrow: IGPL for more than 5%
NSE:IGPLLong
by Kapil-Mittal
1
IGPLNote: 1. Views are personal and for educational purposes only. Recheck and take the trade as per your RR. 2. Always remember SL is your lifeline, not the big target... 3.Follow us for more patterns and like, share so that we feel it is helpful to many and share more patterns... 3. Views given here is not a tip rather it is for educational purpose... Aftermarket opens, the condition might change so learn to handle different conditions... 4. To learn more about patterns, Psychology behind the trade, and price action trading... contact us... Thanks... Keep an eye ladies and gentlemen. Cheers and Happy Trading
NSE:IGPLLong
by SENSITRADE_T
IG PETROAbout Rounding Base.. The rounding bottom pattern, also known as the "saucer" or "bowl" is a longer term pattern that is usually identified using a weekly chart. Typically (62% of the time), there is an uptrend prior to the rounding bottom. Prices then begin to fall, followed by a shallow bottoming process, and then prices begin rising at a steeper grade creating the visual appearance of a bowl or the letter "U". The left side of the bowl where the pattern begins is called the "left lip" and the right side of the bowl is called the "right lip". Usually prices hit the right lip at approximately the same price level as the left lip and begin trending sideways or retracing downward to create an area of consolidation. Aa buy signal is triggered when prices close above the resistance line drawn from the left lip to the area of consolidation formed after the right lip; or if there is no right lip, then the price level of the left lip is used as the resistance line. The average gain for a rounding bottom pattern breakout to the upside before any 20% correction is approximately 43%. Price of the Right Lip of Pattern + ((Price of the Right Lip of Pattern - Lowest Price in Pattern) * 57%) Traits that Increase the Historical Effectiveness of the Rounding Top and Bottom Patterns Taller patterns perform better Rounding bottoms within a third of the yearly high perform best Rounding tops perform better with higher breakout volume Rounding tops with breakouts that are gaps have larger price moves Rounding tops within a third of the yearly low perform best About Rising 3 Valley Psychology of Rising 3 Valley The market psychology of the pattern is as follows: A significant trait of an uptrend is that the trend makes higher highs and higher lows. The second peak in pattern is a higher high. The second valley after the first peak is a higher low. The definition of a new uptrend is complete. The second peak is a higher high which confirms the uptrend. Once prices break above the second peak high, traders buy expecting that the next peak will be a higher high thus confirming the uptrend yet again. Averaged maximum gain before a 20% retracement is 41%; and that prices pullback to the breakout signal price within 30 days 60% of the time. Three Rising Valleys Upward Breakout Price Target: High Price of 2nd Peak + ((High Price of 2nd Peak - Low Price of 1st Valley) * 58%)
NSE:IGPLLong
by VibhutiSharma
39