IGL trade ideas
IGLAll the key levels are mentioned in chart with Stop-loss and Targets
Disclaimer
I am not sebi registered analyst
My studies are Educational purpose only
Please consult with your Financial advisor before trading or investing
IGL LONG INTRADAY 23 Mar,2021Dear trader,
If u look at the chart of IGL (analysis based intraday only) the IGL support at 518 and Target at 528 and Stop loss
at 511.
The chart clearly indicates Bullish Trend you can also see the candle stick patters for more indepth analysis.
In Intraday most important thing is to enter and exit points.
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IGL-Morning Star on Daily Candle?Looks like a morning star on daily chart and RSI also bullish. Making a long entry here. Just for own learning :)
Double TopStock Analysis: IGL has formed double top on higher time frames, broken the neck line as long as price not closing the immediate supply zone expected to reach the target given on the chart. let's see...
Happy Trading!
flag breakout stock has broken flag pattern, and seen buying better then selling throughtout flag. stock seems gonna make all time high. with sl last swing low.
Go long on IGLBroke an all-time high and currently retesting. The best price to buy is between 500 - 520 for longterm.
INDRAPRASTHA GAS AT ITS ATH LOOKING GOOD FOR AT LEAST 100 POINTSLooking at Charts its at ATH with Gradually Increasing Volume NSE:IGL from last 3 weeks
NSE:IGL
IGL Reaction from Harmonics FIB 1.414Equation is Long above 580 or short below 560
Above 580 it can go to 1.618 FIB around 600-605.
Below 560, it may go donw till 515-520
IGL { 30 M Short } This is a channel bet. You can see it's following a pattern under the drawn trend lines , Rest is as per charts
Note :-
Entry - At the break of mentioned candle's low/high
Stop Loss -
In a Short Trade, I always use Previous Candle High ( PCH ) as a stop loss while entering the trade. Sometime I might use 15 M tf SL & trade in 30M tf which I'll mention. Vice Versa for long trades
Trailing Stop Loss ( TSL ) - Mostly I trail stop loss by PCH as price falls . I exit as PCH breaks & vice versa
Use of PSAR as TSL :- TSL get's hit in trend following due to noise, In such cases I use PSAR to be in trend & exit if PSAR direction change
You can use any one of above mentioned or your own way to manage risk
Time Frame :- I take ~ 90% of my intraday trades in 15m tf. Where my analysis might come from higher frames like W , D or 1hr chart pattern which will be mentioned.
Target :- I do set target line based on support / resistance slightly above/ below it . Please pay attention to it
IGL - Intraday Trade SetupIGL CMP - 506.70
Looking bearish in higher time frame. One can go for Intraday Trade setup with the following entry, exit & targets
Sell at or Below 505 / Stop Loss 512
Target 1 - 501
Target 2 - 496
Target 3 - 490
Disclaimer: This is my view and for educational purpose only.
IGL ViewIGL given Breakout in long term chart. Volume is also supporting. Buy on dip. Key level is 488.75, that's already breaked.
IGL - LONG TERM PERSPECTIVE ALL THE LEVELS AND PATTERNS ARE MARKED ON CHART, RED ZONES DENOTES SUPPLY ZONES AND GREEN IS FOR DEMAND ZONE .
The indicator used:
1) Daily Lines plots Daily 20 (BLACK) & 50 EMA (GREY) on lower time frame charts
2) TE-REKAB
- PB : PULLBACK
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The analysis is my POV, hope you got bucks in your pocket to consult a financial advisor before investing :P :)
HAPPY TRADING!!!
IGL - Bearish FlagIGL has bearish flag on hourly chart, But near demand zone, If demand breks then next demand would be target.
