IGL had bounceback from it's major support level@430 and has given 2nd close@442, 12 points above this level but 1 point lower than previous day close, alo weekly closing is less than previous week close. Need to watch next week Monday moments, safest longside enty is above 455. Buy Side Entry point:445 TG1:466 TG2:477 TG3:488 TG4:499 TG5:510 TG6:521 Sell...
IGL has been contracting its movement in falling wedge pattern in 60 mins chart. waiting for the breakout.
On Higher time frame its in Up Trend . On Daily Support Levels . 15 Min Showing Strong RSI Divergence . For Aggressive Buy Above 450 With Sl of 442 , Target :-460 For Conventional :- buy above 455 , sl :- 439 , target :- 469-474
#IGL : In this chart, the green color channel refer day and blue color refer 1hr channel and Harmonic (Gartley Pattern) As per the Daily channel pattern, it is the bottom of the channel. Now it is testing 6th time. so it is a weaker high probability is it will break the channel. 1hr show it the bottom of the channel and formed a Gartley pattern. chance to move...
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