IGL
IGL@bullishIGL 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 Side Entry point:434.5
TG1:424 TG2:413 TG3:404 TG4:394 TG5:384 TG6:374
Disclaimer: This is for educational purpose only, consult your financial advisor before taking trade.
IGL Long Above 455 . 15 Min Analysis On Higher time frame its in Up Trend .
On Daily Support Levels .
15 Min Showing Strong RSI Divergence .
For Aggressive Buy Above 450 With Sl of 442 , Target :-460
For Conventional :- buy above 455 , sl :- 439 , target :- 469-474
IGL in Chaneel#IGL : In this chart, the green color channel refer day and blue color refer 1hr channel and Harmonic (Gartley Pattern)
As per the Daily channel pattern, it is the bottom of the channel. Now it is testing 6th time. so it is a weaker high probability is it will break the channel.
1hr show it the bottom of the channel and formed a Gartley pattern. chance to move upside. And when it is brokes LH then trend will move upside range.
Short IGL overbought Almost up 25 % in Jan month so its overbought ,one can check the RSI and MACD for day and hourly basis.
Short @ 498-502 target 490 -485 stop loss 510.
IGL Nov Expiry retrace shortIGL bounced at 220
Cleanly broke resistance at 340
Moving along the upper Bollinger currently without touching the middle Bollinger
Have had the biggest green candle daily in the last 2 years - Clear clean uptrend
Can follow up a little more till 440/450 types before retracing to 390
Will retrace to the top of the trend line (around 390), before starting the up move again
Get the retrace move from 440 to 390
IGL - Go short with a SL of 348 and a target of 298IGL - Go short with a SL of 348 and a target of 298
