Indraprastha Gas Limited is an Indian natural gas distribution company that supplies natural gas as cooking and vehicular fuel. Established in 1998, the company operates primarily in Delhi-NCR including neighbouring cities like Noida.
Looks Good.
For Educational purpose.
Look at the powerful blast in #IGL, i recommended above 365 now today touched down 426 ! RSI is looking Good above 60 and Choppiness is below 40 thats the good point for the IGl.
it has breakout level above 411 also today gave for intraday purpose and touched high of 426.
>The good triangle pattern with strong break-out can be seen in the following chart.
>The pattern took 4 supports at the bottom and % resistances at the top!
>Todays close is strong both 1 DTF & 1 WTF.
>In day chart there is a strong support from the 20&50 Day EMA's.
>In weekly chart it has just crossed the 20 Day EMA and heading towards 50 EMA.
>Stop-Loss is fine...
IGL is forming head and shoulders pattern at fifteen minutes time frame if it retest the neckline level tommorow then it can give a fall of 3-4% for this week.
IGL is forming H&S pattern at fifteen minutes time trame and it also broke the neckline of it's support and if it retest the neckline it can give a fall of 7-8% in coming days.
This is a analysis of stock named IGL. It's a swing trade. We can see a good reversal pattern been formed in 15 mins time frame.
* Pattern Name- Inverse Head and Shoulder pattern.
Inverse head and shoulders pattern is an reversal pattern formed after a down trend.
* How To Trade Inverse Head And Shoulder Pattern- Wait for the Neckline breakout of the head and...
As we can see a clear down trend , and there's formation of a head and shoulder pattern .
If the price breaks out (upper side of the neckline) the neckline ,then there can be buy opportunity.
Market has already retested .
NSE:IGL
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IGL has finished it's ending diagonal. Taken retracement from Fib ratio.
It is now ready for 3rd wave. (This stock is for LONGTERM)
-Definitely not SEBI - Registered. So this is only for educational purpose.
