IGL has opened lower today by 30% and we are seeing more downside in this stock in short term, however IGL on weekly chart has support near 230 level. So on approaching this support we see IGL temporarily bouncing towards 245 and 270 level. On chart 230 level is 38.2% Fibonacci retracement level, but we are not confident that this level held for long time, our short term strategy on IGL will be ... [Continue Reading]