igl bullish breakoutits a bullish fla gbreakout...upcoming days will be rocking for igl..if you are option trader yu may easil get good amount of money by taking option of 450 ce next month..probably till this week we may get the target but for a safe side we should go for a next month..
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IGL trade ideas
Triangle Pattern Breakout in 1 DTF//IGL>The good triangle pattern with strong break-out can be seen in the following chart.
>The pattern took 4 supports at the bottom and % resistances at the top!
>Todays close is strong both 1 DTF & 1 WTF.
>In day chart there is a strong support from the 20&50 Day EMA's.
>In weekly chart it has just crossed the 20 Day EMA and heading towards 50 EMA.
>Stop-Loss is fine under the green bullish candle and wait for the Volume's built-up and take the positions accordingly.
IGl-A Swing Trade.This is a analysis of stock named IGL. It's a swing trade. We can see a good reversal pattern been formed in 15 mins time frame.
* Pattern Name- Inverse Head and Shoulder pattern.
Inverse head and shoulders pattern is an reversal pattern formed after a down trend.
* How To Trade Inverse Head And Shoulder Pattern- Wait for the Neckline breakout of the head and shoulders pattern for the confirmation. Then one can enter into a trade.
* Stoploss- Generally a logical stoploss for this classical reversal pattern is below the right shoulder.
* Target- The target is decided by the length of the head of this pattern.
DISCLAIMER: This is my personal analysis and this is been shown with the motive of knowledge spreading or for educational purposes, kindly take a ln advice from your FINANCIAL ADVISOR before jumping into trade. I won't be liable for the losses or profits u made.
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