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Buy IGL for 10% upside - Channel reversal trade

Oleh JMvalueinvest
Diupdate
IGL has been moving in a channel and has taken support at the lower end of the channel. Buy at 477 levels for 10% upside, target 525. SL at 455, which is its 50 DMA.
Trade aktif
IGL although went down from the recommended level, it did not break the 50DMA and also our SL at 455, as it made low of 456.35. Positions should ideally be added in the trades that respect levels.
Trading ditutup: stop tercapai
Exit the trade as Stock hits SL of 455
Chart PatternsTrend Analysis
JMvalueinvest

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