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tradewithamey_

IGL ascending triangle breakout

Long
INDRAPRASTHA GAS (NSE:IGL)  
tradewithamey_  
NSE:IGL   INDRAPRASTHA GAS
Supply and Demand Chart Patterns Triangle bullishbreakout weeklyresistancebreakout Ascending Triangle
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supplyanddemand chartpattern triangle bullishbreakout weeklyresistancebreakout ascendingtriangle
The stock of IGL had a strong supply zone at around 570-575 levels which it broke with heavy volumes and gave closing above the same yesterday.
Also, a weekly closing above 570 looks like a good indication that stock might soon reach 600, 650+ levels.
Support is around 545-550 levels which is a good demand zone.
This is just for educational purposes.
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