IGL

Is on Buy Radar , May boommmmm

The chart of

shows the stock consolidating in a broad range between ₹200–₹230 after a steep correction from highs near ₹280. Recently, it bounced from support around ₹200–₹209 and is now testing the upper band near ₹217–₹220. The ADX (16.44) suggests weak trend strength, implying sideways movement dominates, but the RSI (64.17) is approaching the bullish zone, showing improving momentum. A sustained breakout above ₹220–₹230 could trigger a fresh uptrend, while support remains firm at ₹200. Overall, the stock is at a critical juncture—consolidation breakout may decide the next trend.