IGL SWING TRADE 📊 Price Action & Trend Analysis
Analyzing market trends using price action, key support/resistance levels, and candlestick patterns to identify high-probability trade setups.
Always follow the trend and manage risk wisely!
Price Action Analysis Interprets Market Movements Using Patterns And Trends On Price Charts.
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IGL trade ideas
IGL CMP 384.Around 330 level was a multi time and super strong support for this stock.Company is fundamentaly strong for Investment.It was bearish for short term But long term is is available at best valuation prices.If sustain above levels than we can see 430........450.......500 levels in coming days.I am not sebi regestered than take your own Risk Reward.Add this to your wachlist and see how it perform in coming days .Thanks for your support.
Indraprastha Gas Ltd view for Intraday 6th Dec #IGL Indraprastha Gas Ltd view for Intraday 6th Dec #IGL
Resistance 385. Watching above 386 for upside movement...
Support area 378-380 Below 378-380 ignoring upside momentum for intraday
Support 378-380 Watching below 378 for downside movement...
Resistance area 385
Above 385 ignoring downside move for intraday
Charts for Educational purposes only.
Please follow strict stop loss and risk reward if you follow the level.
Thanks,
V Trade Point
Indraprastha Gas Ltd view for Intraday 4th October #IGL Indraprastha Gas Ltd view for Intraday 4th October #IGL
Buying may witness above 561
Support area 553-555. Below ignoring buying momentum for intraday
Selling may witness below 546
Resistance area 555
Above ignoring selling momentum for intraday
Charts for Educational purposes only.
Please follow strict stop loss and risk reward if you follow the level.
Thanks,
V Trade Point
Indraprastha Gas Ltd view for Intraday 25th September #IGL Indraprastha Gas Ltd view for Intraday 25th September #IGL
Buying may witness above 554
Support area 545. Below ignoring buying momentum for intraday
Selling may witness below 545
Resistance area 554
Above ignoring selling momentum for intraday
Charts for Educational purposes only.
Please follow strict stop loss and risk reward if you follow the level.
Thanks,
V Trade Point
Indraprastha Gas Ltd-Bullish swing- Will this trend continue?
30.07.2024
Buy 553
Target 589.5
Stop Loss 517
Risk: Reward - 01:01
1. Inside candle breakout in day TF
2. Upward channel and previous resistance breakout
3. Retracement after breakout at good FVG and thus resistance turned to support
4. Oil & Gas sector is in good momentum
5. Good Volume breakout
6. Price rejection from 21 EMA NSE:IGL
50 SMA Rising - Positional TradeDisclaimer: I am not a Sebi registered adviser.
This Idea is publish purely for educational purpose only before investing in any stocks please take advise from your financial adviser.
It 50 SMA Rising. Suitable for Positional Trading Initial Stop loss lowest of last 2 candles and keep trailing with 50 days SMA if price close below 50 SMA then Exit or be in the trade some time trade can go for several months.
Be Discipline because discipline is the Key to Success in the STOCK Market.
Trade What you see not what you Think
Review and plan for 25th July 2024Nifty future and banknifty future analysis and intraday plan in kannada.
Stocks to watch.
This video is for information/education purpose only. you are 100% responsible for any actions you take by reading/viewing this post.
please consult your financial advisor before taking any action.
----Vinaykumar hiremath, CMT
SWING IDEA - INDRAPRASTHA GAS (IGL)Consider a compelling swing trade opportunity in Indraprastha Gas Limited (IGL) , a leading natural gas distribution company in India.
Reasons are listed below :
Attempt to Break Triangle Pattern : IGL is attempting to break out of a triangle pattern, indicating a potential shift in market sentiment and the beginning of a new trend.
Bullish Marubozu on Daily Timeframe : The presence of a bullish Marubozu candlestick pattern on the daily timeframe signals strong buying momentum and potential upward movement.
Broke Consolidation of 5 Months : IGL has broken out of a consolidation phase lasting 5 months, suggesting a breakout from range-bound trading and potential sustained upward movement.
50 and 200 EMA Support on Weekly Timeframe : The stock finds support at both the 50 and 200 Exponential Moving Averages (EMA) on the weekly timeframe, indicating bullish momentum and potential for trend continuation.
Constant Higher Highs : IGL consistently forms higher highs, reflecting a trend of increasing bullish momentum and reinforcing the potential for further gains.
Target - 515 // 585
Stoploss - weekly close below 394
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