IGL stock trapped in a channel pattern and now it's in a bearish trend, so give an entry with appropriate Stop loss
Since it's a FO stock shorting, You shall prefer for intraday shorting in the intraday equity cash market or going short in the Future and option market
Aggressive traders enter at the breakout and conservative traders may give entry after retracement
After reaching our targets, trail your stop loss to get maximum profit from the stock in a single trade
🔴DISCLAIMER
***** It's just for an educational purpose and so you must also follow your own technical analysis before taking up the trade ******
Yes... We can short but only after the quarterly results is announced...
shraghu2010
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@shraghu2010, The quarterly results is not that good.... Looks IGL will slide down to 490-500 levels OR the shorters will be trapped... Let's see how it opens up in the morning.
PrakWorld_Traders
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@shraghu2010, Yes maybe, but it's just from a technical perspective and not on news-based or fundamental based strategies bro
Maybe for the confirmation side, we may wait for the quarterly result as you say !!