Refer chart for details Igl has hit the supply zone and there is reversal confirmation with triple top 3months timeframe has bearish cycle in the coming days Stock name :IGL Timeframe:2days
Cup and Handle breakout in weekly chart SL below 481 Target 650+
IGL bounced from Demand Zone Strongly. Also breaking out after long accumlation/consolidation near demand zone. Good for Investment and swing too. Above 415, targets are 435, 470, and 510, 550, 600+ in long term. SL for swing is 315. Investors may add more near 290-300 zone if it comes to that. -Saptarish Trading
A clear break and retest is what I'm looking at. This should break the channel aswell on the upside and i'm targetting 5-6% moves
IGL Closing 489.30 BUYING REASON. 1. --> #IGL #breakout the #weekly level. 2. --> #RSI crossing 60 level. 3. --> #ADX show the #upside and +DMI #rising. 4. --> #volume is also show the #breakout #buying #volume.
igl 1d time frame buy cmp target 485,499,524.85 risk reward 3.2 sl 450
Indraprastha Gas Limited (IGL) is one of the pioneer and leading City Gas Distribution (CGD) company in India catering to more than 1.1 million CNG vehicles,1.4 million domestic PNG customers and over 5,500 commercial & industrial customers. Ascending Triangle Break out observed after longtime with considerable volume recommended for long term , for short term...
Reason for long a) Mr.14 Set up b) Consolidation breakout set up c) SL compulsory
Weekly chart Analysis, stock seems to be back on track to show new highs, might dip down to support Level before going up.
After 9 Months Accumulation Period , Finally Price Breaks the Accumulation Zone of 445--455 And closes above the breakout Zone. Volume Also Supporting the price which indicates sustainable breakout in price after long time. Keep eyes on #IGL. Add your quantity when any dip seen in price or price comes down to retest the Breakout zone. Good Return Expecting in...
swing trade take trade when nifty turns bullish swing trade perfect symmetrical triangle short term opportunity for upside take trade after breakout from the trendline according to own risk this is not call just a analysis.
Six Key rules in trading (Discipline/Patience/SL&TP/Less trade to make big money/Protect your trading capital and consistency) We should work on our process, not the outcome of our processes. The share market always has unpredictable fluctuations. I often make wrong judgments, everyone should learn to manage risk by themselves. Always remember you have to protect...
When price break any boundary after strong consolidations then high probability price continue the trend .
Reason for long a) Consolidation breakout b) vwap support c) weekly breakout d) Mr.14 set up SL compulsory
Reason for long 1. Market structure - bullish 2. Consolidation before the Breakout : consolidation happened 3. Support-Resistance levels: Entry near support 4. Supply-Demand zones: Demand zone as evident by volume 5. Location of 200MA or 200EMA: horizontal hence expect 1:1 target 6. Overlap with a Fibonacci level : 0.382 fib breakout for upside 7. Candlestick...
The scrip is preparing for a breakout, keep this scrip in radar.
swing trade perfect symmetrical triangle short term opportunity for upside take trade after breakout from the trendline according to own risk this is not call just a analysis.