IGL trade ideas
IGL - Intraday / Swing Trade SetupIGL CMP – 376.95
Looking bearish . One can go for Intraday / Swing trade Setup with the following entry, exit & targets
Sell Range 385 - 375 / Stop Loss 395
Target 1 - 370
Target 2 - 365
Target 3 – 360
Target 4 - 355
Target 5 - 350
Options players can go 340 PE OCT CMP - 0.85 low investment and make easily make 100% retutns.
Note: This is my view and for educational purpose only
Indraprasta Gas 425 TargetObservations :
1. Expanding channel pattern
2. Current price at support of 379 to 381 level
3. More than 50% retrenchment
4. RSI Divergence
Entry 393
Stop loss 378
Exit 425
Risk Reward Ratio: 2.28
IGL 23rd SeptIGL is facing resistance at 413 Level. If Break the resistance then can see good up move.
Levels can find on chart.
Disclaimer - I am not SEBI Registered. Above view is my own pure view and It's for an educational purpose.
Please do trading after consulting you financial adviser. I will be not responsible for any Loss and Profit .
Short and positional BuyTriple top formation
Buy- @ 425
Strict SL - @ 410
Short term target @430
If it breaks red resistance line (very strong line) then target - 480 -500 -520
Note : Must exit between 510-520 (Final target)
IGL SHORT continuationIGL showing the steady downtrend.
we can ride this down trend until it close above the downtrend line.
i suggested short IGL at 408.
regards
your humble trader
kiran
IGL SHORT continuationIGL short is given few days back.
now continue this trade for further down.
Ride the trend.
MY REVIEW ON IT
SELL HOLD
