IGL trade ideas
IGL Nov Expiry retrace shortIGL bounced at 220
Cleanly broke resistance at 340
Moving along the upper Bollinger currently without touching the middle Bollinger
Have had the biggest green candle daily in the last 2 years - Clear clean uptrend
Can follow up a little more till 440/450 types before retracing to 390
Will retrace to the top of the trend line (around 390), before starting the up move again
Get the retrace move from 440 to 390
1054. 363.8 to 367 for intraday. in.hsp breakoutSL compulsory
buym if price sustain previous day high
IGL .. Going UP!!The stock can be seen making a rounding cup and also has a upward channel slope. Price target of 430 in the next 12 months
IGL CMP.337.20 ROUNDED BOTTOM REVERSAL AND VCP 2IGL LOOKS GOOD ON CHARTS ROUNDED BOTTOM REVERSAL COMING ON CHARTS MAINTAIN STOP LOSS 295
IGL - Go short with a SL of 348 and a target of 298IGL - Go short with a SL of 348 and a target of 298
IGL - Potential Bearish Head and ShouldersIGL seems to be forming a Bearish Inverse Head and Shoulders Pattern in the Daily charts with Neckline support at 295 and Shoulder resistance at 330 above which pattern is negated. Pattern Target at 240 in the short to medium term.
IGL vs MARUTI similaritiesMaruti declined sharply after it failed to sustain a bull flag breakout. Similar pattern observed on IGL.
BUY IGLBULLISH BAT POSITIONAL CALL
BUY IGL 297 SL 290 TARGET 310/320
CMP 297.45
ACTIVE CALL
DATE : 06-07-2019
IGL Short TradeIGL is channel bound in downward trend.
If channel is tested, buy at high of green candle breaking upper channel
Sell at low of red candle breaking the lower channel
IGL Berish revesalIGL bearish reversal level are 204 and 216, chances are more go bearish at these levels
IGL - LongThe stock personality is 20D EMA. The short term EMA's tend to bunch and flare forming a new higher high.
Buy - 326 - 328
CBSL - 301
Target - 375
RR - 1:2
