IPL has been in a nice uptrend making higher highs and higher lows. It has pulled back at the lower end of the parallel channel and showing signs of supportive price action. We may see a bounce off this support level of $2.20 - $2.35 zone for added confirmation that bulls may be taking over and take it higher. MACD is also about to cross which may be a sign that...
Those familiar with IPL will already know they produce explosives, fertiliser & industrial chemicals for Mining & the Ag Industries. You would also likely be aware that the price has been channelling sideways since March 2020. Finally, the price appears to be making a break to the upside, so I like how IPL looks right here; for those who a little more cautious you...
forcefully vwap breaker
we are missing only the volume so if we see an impressed volume we sell with our eyes closed.
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DISCLAIMER: As a trader you should consider your own risk:reward ratio and do proper lot sizing according to your margin and leverage level. Not every idea is a valid...
Here's my buy set-up $IPL Incitec Pivot Ltd based on a consistent bullish trend, price testing support, higher high candle although somewhat red at the moment. Price is oversold and the chart looks ok overall for a reasonable probability it heads north. As always, this could go against my call, hence stop loss in place to minimize loss. Admittedly there is a bit...
