IGL

in a Wait-and-Watch Zone

is currently trading with a neutral bias as the stock moves sideways after a sharp correction from higher levels. Prices are hovering near the ₹170–175 support zone, where buyers have shown some interest, but the absence of strong follow-through buying keeps momentum muted. With ADX remaining low, the trend lacks conviction. A sustained move above ₹190 could tilt the bias bullish, while a breakdown below ₹165 may invite further weakness. Until a clear breakout or breakdown emerges, the stock is likely to remain range-bound.