Indraprasta Gas 425 Target

INDRAPRASTHA GASNSE

Description

⋅ Oct 10, 2020 7:49 AM

Observations :
1. Expanding channel pattern
2. Current price at support of 379 to 381 level
3. More than 50% retrenchment
4. RSI Divergence

Entry 393
Stop loss 378
Exit 425

Risk Reward Ratio: 2.28

Comments

T_Harth

⋅ Oct 11, 2020 4:57 AM

there's a Bearish divergence too at the top. its going to breakdown soon, better play for short side

OK_Rane

⋅ Oct 19, 2020 9:33 AM

@T_Harth, Yes You were right, it broke down.