IGL has broken slow out of a descending wedge. The stock has had a considerable fall after recovering beautifully post COVID. Now, it seems like the stock has slowly begun it's up move again
The Stock has consistently followed pattern breakouts/breakdowns prior to this. (As shown in the chart).
See a long above 420 (safer 425) for the next Fibonacci targets (all mentioned on the chart for you all)
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The trade did not activate for safers. For any aggressive buyers, this hit the stop. The mistake in this call was that I did not consider the overall trend of Natural Gas which is important to note before we trade in IGL/MGL. Good to learn from our own mistakes