IGLNSE:IGL
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offered to any person(s) with respect to the purchase or sale of the stocks / futures and options.
You are also requested to apply your prudence and consult your advisers in case you choose to act on
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IGL trade ideas
IGL (LONG)Good volume seen
following trendline upwards
took support at 200 EMA
immediate resistance at 510
Buy near 500 or safe to buy one crosses 510 and retested 510 as support
TGT 530 - 553 - 572 - 583
SL 484
Please Correlate by yourself also on charts. This is for Educational and Paper Trading Purpose Only. Must Consult your financial advisor before Investing.
IGLNSE:IGL
Please note that we are not a SEBI Registered Investor Adviser/PMS/ Broking House.
All the contents over here are for educational purposes only and are not investment advice or recommendations
offered to any person(s) with respect to the purchase or sale of the stocks / futures and options.
You are also requested to apply your prudence and consult your advisers in case you choose to act on
any such content available as WE claims no responsibilities for any of your actions or any outcome of
such action
IGL - Bullish Reversal From 78.6% Retracement Stock has already done 61.8% retracement and RSI(2) is 3.35 , It will Pullback at the 78.6%(524.40) and same Price band shown by Harmonic PRZ.
If It will break the above level and close below the 515, Then downward trend might be continue up to 500.
NOTE: Any Long/Short trade have to follow strict SL for reversal.
IGLIGL looks like it has possibly started its next leg to up move, as per wave count, minor degree wave 3 should unfold, at 624 to 666. On the way down 558 would be a crucial support now.
Impulse Started
Key Levels are Mentioned on chart
Macd in daily positive crossover and Uptick and also above zero line
Macd in hourly positive crossover and Uptick and also above zero line
Rsi in daily above 60 uptick
Rsi in hourly above 60 and uptick
Ungali setup
Disclaimer
I am not sebi registered analyst
My studies are Educational purpose only
Consult with your Financial advisor before trading or investing