IGL - Testing ATH levels - Not very strong yet!Price Analysis & Overview:
1. Outlook is bullish but conviction is not string due to the price strength lack
2. Volumes are not great!
3. Price is not showing strength as expected.
4. Possibly it will retrace before bouncing back to breath the ATh levels
- Stay tuned for further insights, updates and trade safely!
- If you liked the analysis, don't forget to leave a comment and boost the post. Happy trading!
Disclaimer: This is NOT a buy/sell recommendation. This post is meant for learning purposes only. Views are personal. I share whatever I do. Please, do your due diligence before investing.
Thanks & Regards,
Anubrata Ray
IGL
MACD Crossover Swing Trade - IGL📊 Script: IGL
📊 Sector: Gas Distribution
📊 Industry: Miscellaneous
⏱️ C.M.P 📑💰- 504
🟢 Target 🎯🏆- 535
⚠️ Stoploss ☠️🚫 - 489
⚠️ Important: Always maintain your Risk & Reward Ratio.
✅Like and follow to never miss a new idea!✅
Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
Eat🍜 Sleep😴 TradingView📈 Repeat 🔁
Happy learning with trading. Cheers!🥂
Crossover - IGL📊 Script: IGL
📊 Sector: Gas Distribution
📊 Industry: Miscellaneous
Key highlights: 💡⚡
📈 Script is trading at upper band of BB.
📈 MACD is giving crossover .
📈 Double Moving Averages giving Crossover.
📈 Right now RSI is around 63.
📈 One can go for Swing Trade.
⏱️ C.M.P 📑💰- 472
🟢 Target 🎯🏆 - 508
⚠️ Stoploss ☠️🚫 - 458
⚠️ Important: Always maintain your Risk & Reward Ratio.
✅Like and follow to never miss a new idea!✅
Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
Eat🍜 Sleep😴 TradingView📈 Repeat 🔁
Happy learning with trading. Cheers!🥂
IGL, Important levels to ConsiderHello traders,
Thanks for your support and love. Recently I got some questions on IGL, some of them are interested in bottom fishing and others want to accumulate at these levels. Before we start our analysis I like to declare that "I am holding this stock (IGL) in my personal portfolio.".
Let's start our technical analysis.
Time frame: Daily
Chart type : Heikin Ashi
Indicator: GMMA, RSI
Important Levels: Marked on the chart
As we are already 33% down from its high which was in September 2021. But this correction of 33% is very systematic and also I consider this as a good "Time wise correction". This stock respects the technical structure very well, I mean to say that the price follows the right charting behavior which is easy to analyse. Recently we have a strong breakdown in the structure of Heikin Ashi and a negative crossover in the Guppy's indicator which indicates a strong downtrend. But this break of structure happened just near the support zone and we see the price is consolidating at these levels but no sign of reversal. Also the relative strength index breaks down the level of 40, which is a negative signal. From some other technical aspects I think the price could experience high volatility in the range of 400 to 390 and 390 to 380.
So, my dear traders wait for the price to settle down. But keep this stock on your radar and keep tracking the price, soon we get the right opportunity to enter. I will keep posting the daily update on this stock so stay tuned. Happy trading.
Disclaimer: This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
Thanks
Er. Simranjit Singh Virdi
(Independent Trader)
Indraprastha Gas/ IGL Positional Long Setup - IGL is a stock which has a decent or sluggish movement
- Less volatility which also can reduce some volatile moves in your Portfolio
- From a positional perspective keep a stop loss of 390 if you entered around 403 with me
- I think this time the retracement can be a little small and demand-driven
- Enter partially at 406-408 keep your 50% fiat to enter around 394-401
- This way you will have a top-class average and a very good entry as well
- If you find this helpful kindly support.
Long Correction is expected to take place in INDRAPRASATH GAS!Elliott Wave Analysis:-
In Correction wave a) wave took place and for retracement b) wave and still a little more correction was pending it seems to be. and the fall is expected from there.
i am not a SEBI registered advisor.
Before taking a trade do your own analysis or consult a financial advisor.
I share chart for education purpose only. I share my trade setup.
IGL: Bullish Falling Wedge Pattern IGL has constructed a falling wedge on the 1-day chart in which it has made continuous lower lows and lower highs.
The trend can change from bearish to bullish after the breakout of the resistance trendline. Buyers can expect a bullish move with the following targets: 483 & 504 . IGL Is Bearish below 458 .
Buyers have to break and stay above 504 to increase demand pressure.
Note: Do your own research / discuss it with your advisor
IGLIGL:- Ascending triangle pattern has formed, wait for a proper breakout, till then keep an eye on the stock
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
check my other ideas to get to know about all the successful trades based on price action.
Thanks,
Ajay.
keep learning and keep earning.
Indraprastha Gas Limited Consolidating in a narrow range after giving a strong impulsive move.
It would be interesting to see if it directly continues higher OR comes back to the demand zone before moving back up.
In any case, it should move higher in the coming weeks.
Disclaimer: This is NOT investment advice. This post is meant for learning purposes only. Invest your capital at your own risk.
Positional stock to holdChart -> IGL Weekly
A wonderful ascending triangle pattern emerged and a breakout happened this week with a long, bullish candle.
CMP: 462
Good range: Around 440
Targets: 510 and 580
SL: 415 weekly close
Disclaimer: This is for educational purposes only, not any recommendations to buy or sell. As I am not SEBI registered, please consult your financial advisor before taking any action.
IGL - Is Further Upside Possible?BUY - INDRAPRASTHA GAS LIMITED
CMP - Rs. 431
Target - 1: Rs. 511
Target - 2: Rs. 580
.
.
.
Technicals - Harmonic Patterns
Ascending Triangles
.
.
.
Targets have been set using previous resistance zones.
.
Follow me for more!
.
.
.
This chart is for educational purposes only.