INDRAPRASTHA GAS LTDShort
IGL Fresh Break Down may lead Fresh Downside Rally
Major Support Level Break Down
RSI was not above to cross above 60 Level
Closing RSI Below 40 can increase the downside momentum
Rising ADX Crossing above 20 and -DMI took support at 20 indicates that trend may take strength now
Price Action = Formed Lower Swing High and Lower Swing Low
Most Recent Swing high is very near to the Major Support Level
RSI was not above to cross above 60 Level
Closing RSI Below 40 can increase the downside momentum
Rising ADX Crossing above 20 and -DMI took support at 20 indicates that trend may take strength now
Price Action = Formed Lower Swing High and Lower Swing Low
Most Recent Swing high is very near to the Major Support Level
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