IGL: At all time highSl - 480
Clear and simple chart.
Have been in consolidation pattern for almost 3 months at all time high and now making a perfect price action pattern at the top makes it a high probable trade.
Volumes have also increased at this level, which itself is a very positive sign.
Shoot up your queries in comment section.
IGL trade ideas
IGL LONG INTRADAY 6 MAY, 2021Dear trader,
If u look at the chart of IGL (analysis based intraday only) the IGL Buy at 506 and Target at 515
Best Buy at 503.
Our Best Buy is based on high quality research and when the instrument reaches this level , it’s a jackpot trade.
Best Buy level might be executed or might not be executed.
The chart clearly indicates Bullish Trend you can also see the candle stick patters for more indepth analysis.
In Intraday most important thing is to enter and exit points.
Our signals are based on analytics, algorithms, mathematical derivatives.
Always be a responsible trader, kindly trade only when you have maximum opportunity in the market with minimum risk and with keynotes like data, analysis and proper strategies.
Kindly message us for strategies and analysis.
IGL LONG INTRADAY 23 Mar,2021Dear trader,
If u look at the chart of IGL (analysis based intraday only) the IGL support at 518 and Target at 528 and Stop loss
at 511.
The chart clearly indicates Bullish Trend you can also see the candle stick patters for more indepth analysis.
In Intraday most important thing is to enter and exit points.
Our signals are based on analytics, algorithms, mathematical derivatives.
Always be a responsible trader, kindly trade only when you have maximum opportunity in the market with minimum risk and with keynotes like data, analysis and proper strategies.
Kindly message us for strategies and analysis.
IGL { 30 M Short } This is a channel bet. You can see it's following a pattern under the drawn trend lines , Rest is as per charts
Note :-
Entry - At the break of mentioned candle's low/high
Stop Loss -
In a Short Trade, I always use Previous Candle High ( PCH ) as a stop loss while entering the trade. Sometime I might use 15 M tf SL & trade in 30M tf which I'll mention. Vice Versa for long trades
Trailing Stop Loss ( TSL ) - Mostly I trail stop loss by PCH as price falls . I exit as PCH breaks & vice versa
Use of PSAR as TSL :- TSL get's hit in trend following due to noise, In such cases I use PSAR to be in trend & exit if PSAR direction change
You can use any one of above mentioned or your own way to manage risk
Time Frame :- I take ~ 90% of my intraday trades in 15m tf. Where my analysis might come from higher frames like W , D or 1hr chart pattern which will be mentioned.
Target :- I do set target line based on support / resistance slightly above/ below it . Please pay attention to it
IGL - Intraday Trade SetupIGL CMP - 506.70
Looking bearish in higher time frame. One can go for Intraday Trade setup with the following entry, exit & targets
Sell at or Below 505 / Stop Loss 512
Target 1 - 501
Target 2 - 496
Target 3 - 490
Disclaimer: This is my view and for educational purpose only.