IGL.. correction complete???
Hello 👋
The stock is in downtrend.
Since last few weeks stock is in selling pressure.
Currently price is at 52 weeks low.
Daily TF stock is in oversold zone, weekly in berarish territory & monthly it's declined.
Currently price is at its previous lows / reversal zone. If it's not able to hold above 280 then below that 249 is the pivot support.
In monthly tf H & S pattern made & neckline also broken.
As govt. Cuts the gas allocation, it made negative impact on stock & the price falls.
Have mentioned reversal zone on chart.
It's my view. Please DYOA.
No buy or sell recommendation 🙏
Thank you 😊
Please boost my idea if you find it useful 😉
The stock is in downtrend.
Since last few weeks stock is in selling pressure.
Currently price is at 52 weeks low.
Daily TF stock is in oversold zone, weekly in berarish territory & monthly it's declined.
Currently price is at its previous lows / reversal zone. If it's not able to hold above 280 then below that 249 is the pivot support.
In monthly tf H & S pattern made & neckline also broken.
As govt. Cuts the gas allocation, it made negative impact on stock & the price falls.
Have mentioned reversal zone on chart.
It's my view. Please DYOA.
No buy or sell recommendation 🙏
Thank you 😊
Please boost my idea if you find it useful 😉
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