igl long end of abc correction possibleIGL has made a higher low and end acb correction and showing good PA
IGL trade ideas
Bullish Gartley in IGLBullish Gartley in IGL (SL on 15 min. candle close)
PRZ for Buy 524.40
SL 508
Target : 540, 556
CMP 525.70 @ Aug 09, 2021
Chart by CA Savita Rehlan
Bullish Cypher in IGLBullish Cypher in IGL (SL on 15 min. candle close)
PRZ for Buy 539--540
SL 534
Target : 545, 551
CMP 543.20 @ Aug 04, 2021
Chart by Sandeep Rehlan
IGL bullishConsidering Squeeze setup reversal, in IGL, it started upmove. Above 560 will be a good entry point. Volume increase and positive momentum, are supporting it.
Momentum buy.
IGL seems forming a perfect BAT patternIGL correcting BC leg to CD, risky traders can go for short entry till point D. A long entry with very less SL is possible from point D.
IGL - Flag & pole pattern breakout with good volumeChart is self explanatory.
Don't invest and trade blindly.
IGL ascending triangle breakoutThe stock of IGL had a strong supply zone at around 570-575 levels which it broke with heavy volumes and gave closing above the same yesterday.
Also, a weekly closing above 570 looks like a good indication that stock might soon reach 600, 650+ levels.
Support is around 545-550 levels which is a good demand zone.
This is just for educational purposes.
IGL Break outIGL has given a break out on the daily chart
We can notice a spike in the volumes as well.
We can wait for the close above the resistance line to enter.
Just broken out of WedgeIGL is trading with good volumes...could reach 570 today ( intraday)...it has just popped out of the wedge/triangle...and if the broader market is steady it will go up.
IGL - Symmetrical TriangleThe stock has given breakout of symmetrical triangle. Above 534 it can show a good momentum upto 570.
IGL - DARVAS BOX and RSI Positive DivergencePrice is trading in a range and it is getting ready to breakout from the dARVAS box.
AS you see in the chart, RSI is keep on rising and the price isn't supporting the same, that forms a positive divergence.
Note: Not a SEBI registered, education purpose only.
THANK YOU
IGL: At all time highSl - 480
Clear and simple chart.
Have been in consolidation pattern for almost 3 months at all time high and now making a perfect price action pattern at the top makes it a high probable trade.
Volumes have also increased at this level, which itself is a very positive sign.
Shoot up your queries in comment section.
IGL - Indrapastha Gas Limited.Simple trend chart indicates
more downside upto 490-488 with 483 -484 major support
