Fundamentally good India based gas distribution company. On the verge of a breakout. Moving through a strong resistannce band. 45% promoter holding with very low debt.Stake of FIIs are also very good. Maintaing good results all the years. Good movement can be expected in short and long run
EIL : Engineers India Ltd (# NSE:ENGINERSIN ): CMP: 83.25
DVM (Durability - Valuation - Momentum) score: 60-43-68.
Consensus Price target for 1 year: 100 (19% upside).
Reasons:
1. Engineers India Ltd.'s Revenue was higher than average estimate 2 times in past 3 years
2. EPS is expected to grow by 4.2% in FY23
3. The consensus recommendation from 5 analysts for...
IGL
- Since Nov 28, the stock has seen some consolidation at current levels
- 21 day EMA and 63 day EMA are at 430 and 415 respectively
- Once above the red resistance zone, the stock can potentially move towards 480 / 502 levels
Depending on your risk appetite and time horizon, you can use the 21 day EMA or 63 day EMA as SL
Take care & safe...
IGL is looking good for a break out trade as it has been forming an inverted head and shoulder pattern and consolidating near the break out levels.
On the daily time frame, the stock has given a lower wick rejection after testing 20 DMA.
The stock on the weekly time frame has given a bullish moving averages cross over and good targets can be booked in the stock...
IGL has formed a flag and pole pattern on the daily time frame.
Nifty oil and gas index has been trading around the recent high and IGL stock can give a good moment following the index.
There is bullish moving average cross over on the daily time frame.
3 point confirmation.
1. Flag and pole pattern.
2. Bullish cross over.
3. Index trading near the recent...
INDRAPRASTHA GAS - Now Its Reverse Pall and Flag Pattern
AM SHARING MY VIEW ON IGL (INDRAPRASTHA GAS).
Its Consider After GOOD BREAKDOWN WITH VOLUME IN Reverse Pall and Flag Pattern ,
SELL :- Below 350-48
SL :- 380-85 for Short term AND Long Term
*** Target ***
1st :- 328-25,
2nd :- 305-300 (Stong Support) SO Trail Your SL after 300 (March 2022 Result Positive...
IGL is forming a bullish pattern and may give a good breakout above the level of 400. The same kind of pattern was seen earlier also (marked on chart).
Chart is self explanatory. Entry, Targets and Stop Loss are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
NSE:IGL
Observations:
1) On 1 day time frame, we can see that now it is at very critical level range.
It is make it or break it, now. If it took support then we can see good reversal for uptrend. But if it fails then the down move continue.
Please refer below chart : 1 day Time Frame.
2) On 1 hour time frame, we can see hidden bullish divergence as...
NSE:IGL
Observations:
1) On Daily time frame it has closed above 200DMA which is placed at 529.62 level.
Please refer below chart : Daily Time Frame.
2) On Daily time frame, it made morning star candlestick pattern.
For positional long trade for short/mid term, one can take positon on breakout of 535 level for target of 558,571,590 with SL of 520.
...
Target:- 706
Stoploss:- 575
Duration:- 3 to 5 Weeks ✅
The stock has already breakout through the resistance line and showing a bullish candle and it is a Ascending Triangle where support line is in upslope and resistance line is in horizontal position. Which is proper indication of upside move, so we can buy this at market order. Use proper stoploss and...
Brokerage targets
2021-07-07 Prabhudas Lilladher Buy 561 662
2021-07-07 ICICI Direct Hold 550 595
IGL underperformed the broader index by 20% over last one year, as
restricted vehicular movement during pandemic hit FY21 CNG volumes by
22.5%YoY (CNG accounts for ~70% of IGL’s overall FY21 volumes). However,
we expect CNG sales to rise going ahead given 1)...
![IGL: Simple Trade Setup | IGL | 12-10-2021 [INTRADAY]](https://s3.tradingview.com/s/sP6t3EB0_mid.png "Simple Trade Setup | IGL | 12-10-2021 [INTRADAY]")
![IGL: Simple Trade Setup | IGL | 04-10-2021 [INTRADAY]](https://s3.tradingview.com/a/a5HiNfRK_mid.png "Simple Trade Setup | IGL | 04-10-2021 [INTRADAY]")
