- Stock has formed triangle formation, this indicates sharp movement expecting once stock comes out from its formation.
- Stock also moving up from 200 DMA this will favor bulls as long as holds above, weakness expecting once stock starts trading below 200 DMA.
- On upper side stock will find resistance around 214 and down side will find support around 185 as shown in chart no3. Close Watch.
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- As per weekly chart stock is finding strong trend line support around 79.50, will favor bears once it closes and holds below.
- As per stock analysis chart no2, stock is coming down from strong resistance this will favor bears and below 79.50 stock will find support around 76.50 its previous bottom.
- As per monthly chart stock is also facing 61.8% fibonacci retracement support zone around 76.50 once closes and holds below 76.50 then stock can see some further price fall. Close Watch.
- Stock moving in range bound zone, this indicates sharp movement expecting once stock comes out from its pattern, upper side will find resistance around 179.
- Technical chart also indicates stock moving up from 100 DMA this will favor short term bulls.
- On upper side stock will find trend line resistance around 179 and 184. Close Watch.
- Stock is moving in range bound zone, this indicates sharp movement expecting once stock comes out from its formation. Down side support around 1678.
- Stock also trading below 20 DMA this indicates further price fall can be seen.
- As per technical chart no3, stock is now trading below major trend line support this will favor bears.
- IGL coming down from strong trend line resistance zone in weekly chart, this indicates as long as stock trades below 466.50 bears will be favored. Once stock closes and holds above 466.50 then further price run can be seen.
- If stock falls further from current levels then IGL will find support around 20 DMA and bottom bollinger band as shown in teachnical chart no2.
- Stock also has formed bearish candle formation this will favor bears. Close Watch.
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