IGL - NR4 FORMATION!!

10 ביוני 2020

IGL

The stock has taken resistance from the trendline and has closed in an NR4 formation.

RSI is neutral.
***TRADINGEDGE TIME-TREND INDICATOR IS BULLISH***
***TE BANDS ARE IN GREEN ZONE***

As per NR4 strategy, if the prices gives a breakout above today's high 472, the price will swifty move up. Next strong resistance is at 495.

And if the prices breakdown below today's low of 461 and breaks the trendline support with volume, the next strong support is 405.

KEEP AN EYE!!
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