This is a contra call on IGL . stock is available at the previous support level . with less risk reward is very favorable. keep strict stop loss. in such type of trades where we take decision opposite of stock trend . we should allocate less capital to such trades and stop loss is must .
--> Yesterday I've posted idea of NIFTY, it opened at exact near the minor trend-line(i) . Exactly started to fall toward exactly over-consumption as expected You can ask in comment section if you want to know anything.
We can clearly see the possible price reversal pattern in Chart. Reasons for BUY are shared in chart. The same has been confirmed by multiple indicators. One can buy CESC for swing trade and keep a tight SL below support. Good luck.