IGL, Possible up move?
CMP=410.30
50DEMA- 413.8
200DEMA-417.04
Today it crosses its 20days EMA and touched its 50days EMA with good volumes. it couldn't sustain above its 50dema. which is the first resistance in its upwards journey. good consolidation in the range of 385-390. now if up move sustains then we can see a good up move till 438 which is multiple time support and resistance line, also the Fibonacci retracement level (61.8). Both RSI and MACD are indicating bullishness. I publish carts of only scripts in which I am invested, this is only for study and knowledge sharing. this is not any kind of recommendation to buy.
S&R line is at price of 436 with small circles.
50DEMA- 413.8
200DEMA-417.04
Today it crosses its 20days EMA and touched its 50days EMA with good volumes. it couldn't sustain above its 50dema. which is the first resistance in its upwards journey. good consolidation in the range of 385-390. now if up move sustains then we can see a good up move till 438 which is multiple time support and resistance line, also the Fibonacci retracement level (61.8). Both RSI and MACD are indicating bullishness. I publish carts of only scripts in which I am invested, this is only for study and knowledge sharing. this is not any kind of recommendation to buy.
S&R line is at price of 436 with small circles.
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