Low risk setup ✌✌✌
IGL has reduced in price by almost 23% from it's previous swing high and now is a great opportunity to buy as the stock is on weekly as well as daily trend line support enter around the price of 466 for Target 1 - 517 and Target 2 - 573.
I would recommend reducing position at half at T1 as it is a good resistance and price can fall again from there, if price again falls then again buying opportunity around 460-480 otherwise ride till T2.
I would recommend reducing position at half at T1 as it is a good resistance and price can fall again from there, if price again falls then again buying opportunity around 460-480 otherwise ride till T2.
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