IGL trade ideas
IGL Long Above 455 . 15 Min Analysis On Higher time frame its in Up Trend .
On Daily Support Levels .
15 Min Showing Strong RSI Divergence .
For Aggressive Buy Above 450 With Sl of 442 , Target :-460
For Conventional :- buy above 455 , sl :- 439 , target :- 469-474
IGL in Chaneel#IGL : In this chart, the green color channel refer day and blue color refer 1hr channel and Harmonic (Gartley Pattern)
As per the Daily channel pattern, it is the bottom of the channel. Now it is testing 6th time. so it is a weaker high probability is it will break the channel.
1hr show it the bottom of the channel and formed a Gartley pattern. chance to move upside. And when it is brokes LH then trend will move upside range.
IGL ShortDeep Crab formed and It fell. Sell was around 501.25 with SL 511.3 Target:495.9,492.15,488.4
Resistance at 498ish.
IGL about to complete head and Shoulder patternIGL is just completing head and shoulder pattern, good contender for short.target given on the chart.
IGL Indraprasta Gas LtdIGL Indraprasta Gas Ltd
Start Accumulation
Its out performing Indices and its own Oil and GaS SECTOR
MY price target is Rs.685
Do exit Then
Short IGL overbought Almost up 25 % in Jan month so its overbought ,one can check the RSI and MACD for day and hourly basis.
Short @ 498-502 target 490 -485 stop loss 510.
