I'm aware that some folks might be interested in trading IPL rather than keeping or holding IPL for very long term. In that respect, swing trading it from the short term cycles might be a good idea, and in fact, a chart showing the short term swings might be more relevant to this current period- the trader benefits from less time exposure to risk and are able to move in and out of the stock according to its swing tendencies.
Perhaps this short term swing trading chart might reveal more about its trading direction -as you can see this stock is subjected to very short swings, thus explaining the difficulties for some in interpreting its movements. Also note, we have just had a "return hook" - the 2nd time within the last 12 months, making it a "rare" occurrence...and as the return hook is at the bottom horizontal line, the next signal will be an impending buy.
Once again, this chart is for pure entertainment only for a happy Easter day. Hope it is of some entertainment value to you and others watching IPL. Cheers!
