IGL trade ideas
IGL - Bearish FlagIGL has bearish flag on hourly chart, But near demand zone, If demand breks then next demand would be target.
IGL - Intraday Trade SetupIGL CMP - 483.15
Looking bearish in higher time frame. One can go for Intraday Trade setup with the following entry, exit & targets
Sell At at Below 478 / Stop Loss 484
Target 1 - 475
Target 2 - 473
Target 3 - 470 / 460
Disclaimer: This is my view and for educational purpose only.
BUY IGL ABOVE 489.40 SL 484 TGT 503today both igl and mgl looks very good . in case of igl buy above 489.40 tgt 503 sl 484.
Cup and Handle formation IGL on weekly chartWait for retracement at 456 and then go long for the target of 650 in 6 months.
IGLI'm not an expert I'm just sharing my views on IGL for next trading day
I'm not responsible for any profit or loss this is not a recommendation.
A GOOD BREAKOUT CHARTIGL LOOKS VERY PROMISING HAS GIVEN A RESISTANCE BREAKOUT ON THE CHART..POSITIVE DIVERGENCE CAN BE SEEN ON RSI..GOOD BET FOR A SWING TRADE..
IGL TRIGGERED AND GAVE 2 % INTRA DAYTRADE BASED ON
1. PRICE ACTION
2. TREND LINE
3. RSI.4.
4. FIBO STRATEGY
Triangle pattern breakout in Day time frame- watchoutTriangle pattern in Day timeframe- IGL — still holds.
Wait for breakout.
IGL - Ready to Break Free...IGL - Ready to Break Free... Let us see ...!
DISC: Not a SEBI Registered. I post charts for my own study.
INDRAPRASTHA GAS 4HRConfluence of Two Strong patterns zones Daily Bat(Red colour)& 4HR Bat ZONE ..
Ultra high volume up bars - trap of Smart Money , Higher volume- Professionals are selling into the public buying
SET UP BECOMES VALID ONLY when RSI is below 70 and IF Price breaks ULTRA HIGH VOLUME Candle LOW with LOW VOLUMES & with NO DEMAND l.e place for short
POTENTIAL SELL
INDRAPRASTHA GAS Daily Bearish BAT
Withiin 3-5 price bars PATTERN need to be get confirmed from a BEARISH CANDLE with Low volumes & RSI Below 70
POTENTIAL SELL
Performance of GAS DistributorsWe can see the Performance of GAS Distributors ADANIGAS & IGL Out Performing.
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
