IGL Support taken at trendline and at 50 SMA level. View Bullish, Buy above 407
IGL 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 is given few days back. now continue this trade for further down. Ride the trend. MY REVIEW ON IT SELL HOLD
Disclaimer: This is just for educational purpose only
DATE: 05 AUG 2020 INSTRUMENT: IGL TIME FRAME: DAY TIME FRAME FOR CONFIRMATION: 3 Hrs. PRICE ACTION END OF DAY: CMP: 393.70 BUY ABOVE: 394.58 SL: 393.84 TARGETS: 396.36 / 397.18 FOR POSITIONAL TRADERS: BUY ABOVE: 395 SL: 380 TARGET(S): 432, 440, 463, 500 MY ANALYSIS: IGL HAS BEEN FALLING SINCE 04 JUNE 2020. IGL HAS FORMED A PRESSURE CANDLE ON DAY TIME FRAME....
Hello!! IGL ltd. is in downtrend now we can short sell it or can go for PE, until it breaks the trendline and sustains above over it...... #my_view #learner
#IGL Jefferies said that City gas distribution space in fast recovery phase. Resistance: 410 & 413 & 415 Breakout: 407 LTP : 317.70 Breakdown : 398 Support : 394.55 & 390 & 385 (Disclaimer: This is only for educational purpose and paper treading. Learn and take advice from you financial advisor)
If sustain above 420 can see upside movement can target 425,430,435,440 with SL of 415
IGL Good above 409.5 SL 404 Tgt 413,417
Details have been provided in chart.
IGL had bounceback from it's major support level@430 and has given 2nd close@442, 12 points above this level but 1 point lower than previous day close, alo weekly closing is less than previous week close. Need to watch next week Monday moments, safest longside enty is above 455. Buy Side Entry point:445 TG1:466 TG2:477 TG3:488 TG4:499 TG5:510 TG6:521 Sell...