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INDRAPRASTHA GAS LTD.INDRAPRASTHA GAS LTD.INDRAPRASTHA GAS LTD.

INDRAPRASTHA GAS LTD.

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IGL trade ideas

IGL.. correction complete???Hello 👋 The stock is in downtrend. Since last few weeks stock is in selling pressure. Currently price is at 52 weeks low. Daily TF stock is in oversold zone, weekly in berarish territory & monthly it's declined. Currently price is at its previous lows / reversal zone. If it's not able to hold above 280 then below that 249 is the pivot support. In monthly tf H & S pattern made & neckline also broken. As govt. Cuts the gas allocation, it made negative impact on stock & the price falls. Have mentioned reversal zone on chart. It's my view. Please DYOA. No buy or sell recommendation 🙏 Thank you 😊 Please boost my idea if you find it useful 😉
NSE:IGLShort
by ajnil87
Gas Sector Gathers Steam: IGL & MGL's Future Open Interest JumpsIGL ● The stock has undergone a consolidation phase, formed an Ascending Triangle pattern. ● Following a breakout, it surged to an all-time high near ₹570 before experiencing a decline. ● Currently, a Rounding Top pattern has emerged, and after a gap down, the price is testing its trendline support. ● Importantly, there has been a notable increase in future open interest of about 25%, indicating that investors are eager to purchase at more favorable price levels. MGL ● After encountering resistance around the ₹1550 level, the stock price dropped to ₹1200. ● From this support level, it made a strong recovery, breaking through resistance to achieve an all-time high close to ₹1990. ● However, selling pressure has led to a pullback to the previous breakout level. ● Like IGL, MGL has also experienced a significant rise in future open interest of approximately 16%. ● This trend suggests that investors are interested in accumulating shares at a lower price.
NSE:IGLLong
by GoodluckCapital
Indraprastha Gas Limited (IGL)- AnalysisAs per my analysis good entry price will be around 465 to 470 if comes with SL of 380 we can extpet target aroung 580 and then around 630 above this target can be around or above 1800 if it does not comes around 470 and if it sustain above 630 for one week or so then also will be good for investment. Please do your due diligence before trading or investment. **Disclaimer -  I am not a SEBI registered analyst or advisor. I does not represent or endorse the accuracy or reliability of any information, conversation, or content. Stock trading is inherently risky and the users agree to assume complete and full responsibility for the outcomes of all trading decisions that they make, including but not limited to loss of capital. None of these communications should be construed as an offer to buy or sell securities, nor advice to do so. The users understands and acknowledges that there is a very high risk involved in trading securities. By using this information, the user agrees that use of this information is entirely at their own risk. Thank you.
NSE:IGLLong
by PrashantTaralkar
1
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
NSE:IGLLong
by SuperNova396
IGL breaks 2.6-year resistance—bullish momentum building ✅ The stock has recently broken above a 2.6-year-old resistance level, which had been a major hurdle since early 2021. This breakout indicates the potential for a significant upward move if the stock sustains above this level. ✅ The 8-year-old strong support trendline has been a critical foundation for the stock, consistently providing a base for upward movements. The recent bounce from this trendline further reinforces the long-term bullish trend. ✅ The stock also shows a potential double bottom pattern which is a bullish reversal signal. This pattern adds further confidence in the breakout and the potential for more upside. ✅ The RSI is currently at 68, approaching overbought territory. A continued move higher in the RSI would confirm strong bullish momentum, supporting further gains in the stock.
NSE:IGLLong
by Marketik