Since start of 2017 stock was in downtrend and continuously trading in a Falling Wedge Formation.
Now, break above the the resistance and close above its monthly 50EMA. Initial support is around 127-125
We can attempt to buy IGIHL from specified level as it gives breakout of yellow box , also there is no bearish divergence at current levels indicate that it moves upward.
SL , TP mention in chart.
IGIHL has recently broken a previous lower high, which signals that bulls are in control of the price action. It is expected to move to new highs from here. Targets are mentioned on the chart.
