weekly support Weekly support area and Harmonics PRZ both are there.. let s see how pirce react here
can we go long here .........observe Price action there in smaller time frame
IGL trade ideas
IGL ::: LONGDATE: 05 AUG 2020
INSTRUMENT: IGL
TIME FRAME: DAY
TIME FRAME FOR CONFIRMATION: 3 Hrs.
PRICE ACTION END OF DAY:
CMP: 393.70
BUY ABOVE: 394.58
SL: 393.84
TARGETS: 396.36 / 397.18
FOR POSITIONAL TRADERS:
BUY ABOVE: 395
SL: 380
TARGET(S): 432, 440, 463, 500
MY ANALYSIS:
IGL HAS BEEN FALLING SINCE 04 JUNE 2020. IGL HAS FORMED A PRESSURE CANDLE ON DAY TIME FRAME. SO INITIATING A POSITIONAL RISK TRADE WITH A VERY SMALL SL.
RISK DISCLOSURE:
Technical analysis of FOREX and INDIAN MARKETS. We are not SEBI REGISTERED ANALYSTS The views expressed here are for our record purposes only. Please consult your personal financial advisor before investing. We are in no way responsible for your profits/losses what so ever.
IGLNSE:IGL
IT HAS FINALLY BROKEN ITS SUPPORT AND THE DOWNWARD JOURNEY CONTINUES.......
SL - 397
TARGET - 385 AND 370
TRAIL YOUR STOP LOSSES AND TRADE ACCORDING TO YOUR LEVELS
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Hi all,
Its pleasure to have you all here.
I have started putting these charts as a contribution from my side to all people who are new to business, as I had to struggle a lot without any sources at disposal. So please consider this a just small contribution from my side.
Few Honest Disclosures:
1. Any idea shared is my personal view, its not a recommendation, neither any kind of paid propaganda, so please
do your bit of research.
2. Ideas shared does not mean that I trade all or have position in them, this is just a helping hand to all.
3. I expect no comments or like nor any negativity, as I said its just a small helping hand from my side, please plan your risk and trade as per your capacity.
4. To trade in Cash, options or futures is your sole choice and your own risk
5. I am no expert in Tech Indicators, I believe in support resistance and trendline theory, you may use this as a supplement theory for better results.
6. I work for my own living, this is a hobby which I do sincerely to help anyone who might come across my charts.
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igl ltd.Hello!! IGL ltd. is in downtrend now we can short sell it or can go for PE, until it breaks the trendline and sustains above over it...... #my_view #learner
INDRAPRASTHA GAS near to channel breakout#IGL Jefferies said that City gas distribution space in fast recovery phase.
Resistance: 410 & 413 & 415
Breakout: 407
LTP : 317.70
Breakdown : 398
Support : 394.55 & 390 & 385
(Disclaimer: This is only for educational purpose and paper treading. Learn and take advice from you financial advisor)
IGLNSE:IGL
It has reversed for its support and heading ahead, if someone looking for entry only go above 420 for 425 and 430.
430 is Big resistance, if crosses play for more upside by trailing stop loss at 430
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Hi all,
Its pleasure to have you all here.
I have started putting these charts as a contribution from my side to all people who are new to business, as I had to struggle a lot without any sources at disposal. So please consider this a just small contribution from my side.
Few Honest Disclosures:
1. Any idea shared is my personal view, its not a recommendation, neither any kind of paid propaganda, so please
do your bit of research.
2. Ideas shared does not mean that I trade all or have position in them, this is just a helping hand to all.
3. I expect no comments or like nor any negativity, as I said its just a small helping hand from my side, please plan your risk and trade as per your capacity.
4. To trade in Cash, options or futures is your sole choice and your own risk
5. I am no expert in Tech Indicators, I believe in support resistance and trendline theory, you may use this as a supplement theory for better results.
6. I work for my own living, this is a hobby which I do sincerely to help anyone who might come across my charts.
***********************************************************************************************************************************************
IGL ANALYSISACCUMULATE IGL IN A RANGE OF (405-382)
GREEN ACT AS A ACCUMULATE AREA (WAIT IF U GOT AT A SAID LVL)
REDLINE ACT AS A STOPLOSS (ONLY ON CLOSING BASIS)
BLACK DOTED LINE ACT AS A S&R
TILL THAN HIT THE LIKE BUTTON & THANKS FOR THE COMMENTS IN ADV.
IGLIt has broken a major support and downfall is on, it can be entered at 409 with short for 400 and 396 levels with sl of 412
IGL@bullishIGL had bounceback from it's major support level@430 and has given 2nd close@442, 12 points above this level but 1 point lower than previous day close, alo weekly closing is less than previous week close. Need to watch next week Monday moments, safest longside enty is above 455.
Buy Side Entry point:445
TG1:466 TG2:477 TG3:488 TG4:499 TG5:510 TG6:521
Sell Side Entry point:434.5
TG1:424 TG2:413 TG3:404 TG4:394 TG5:384 TG6:374
Disclaimer: This is for educational purpose only, consult your financial advisor before taking trade.
