IGL HAS BEEN IN DOWNTREND FOR SOMETIME. NOW THERE IS BULLISH RSI DIVERGENCE ON THE CHART.
IT LOOKS LIKE LONG VOLUME CANDLE CORRESPONDING TO TODAY's LOW PRICE CANDLE HAS EXHAUSTED ALL THE SUPPLY AND AFTER THAT PRICE STARTED MOVING HIGHER.
HENCE IGL LOOKS GOOD ABOVE THE TRENDLINE WITH STOP OF BELOW 381.
IT LOOKS LIKE LONG VOLUME CANDLE CORRESPONDING TO TODAY's LOW PRICE CANDLE HAS EXHAUSTED ALL THE SUPPLY AND AFTER THAT PRICE STARTED MOVING HIGHER.
HENCE IGL LOOKS GOOD ABOVE THE TRENDLINE WITH STOP OF BELOW 381.
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