IGL (Indraprasth Gas Ltd.) Daily Chart
I will Try buying IGL Above 523.50 Target Is 550+++++++++ Stop Loss is 510
This Idea for My Own Personal
Please You will Trade On own Research
Regained 200 EMA and Trendline on 1D chart.
Formed a Hammer Candlesticks pattern, signaling a reversal.
Great Risk:Reward ratio.
Holding period few weeks.
IGL is moving up from the long term channel support and seems to continue in the ascending triangle.
Initial target - 580 (top of the ascending triangle)
Triangle breakout target - 680
SL - 496
Indraprastha gas limited is at a very strong support level, chances of reversal are very high and institutions will definitely buying at this level.
what we can do : we can buy at this level with a minimal stop loss for big targets in month or so.
igl available at its dynamic support trendline, risk would be low to reward ratio, buy above 530 after a one hour chart close for a target of 550, thus equation becoming 1 :5 risk reward. Long term holders can use 495 as stoploss as igl have strong support at 512 and 505.
IGL respecting its support line looking good for short term buy.. wait for formition of any bulishcandlestick pattern.
buy @ 543, SL 520, T1 552, T2 567
IGL has a breakout Today and created all time high. Buy IGL at market 590-600 with SL 550 target 20-25% rally from here. (600*25% = 150).
Options buyers may buy 600CE@16-17 and for hedging short 620CE@910-11. Max risk 7*1375 = Rs.9625 and max profits 20-7=13*1375= 17,875Rs.
Disclaimer :
Trading is never ever recommended as it is injurious to mankind. This is...
IGL looks like it has possibly started its next leg to up move, as per wave count, minor degree wave 3 should unfold, at 624 to 666. On the way down 558 would be a crucial support now.
Impulse Started
Key Levels are Mentioned on chart
Macd in daily positive crossover and Uptick and...
IGL on daily chart give breakout today but taking a trade now is not a wise thinking because after breakout there maybe a good closing level or a good good consolidation require.
I posted it before because people can think how to trade after breakout, not only breakout is important how to trade breakout is also important so please wait and see what ever is update...
Indraprastha Gas Ltd. engages in the distribution of natural gas to consumers in the domestic, transport, and commercial sectors. It operates through the following segments: Compressed Natural Gas and Piped Natural Gas. The company was founded on December 23, 1998 and is headquartered in New Delhi, India.
NSE
