IGL BUYInitiate a BUY position on IGL as per the Supertrend and weekly Supertrend indicators, signaling a potential rise to 500 in the near future, accompanied by greater than 2 weeks volume.
IGL trade ideas
[Swing trade] IGL 462Entered IGL at 462. Have seen a good BO along with nice volume building in 1hr chart. Let's see if this goes in our favor :-)
Reversal : can it generate returns?Its in bottom end of the parallel channel and stocks tend to reverse from here gives max returns.
It looks good and also waiting for a breakout above the counter trendline.
In BJP manifesto 2024 its mentioned that gas pipelines to installed in major cites by 2026 and further more in future so according to this prospect IGL can be one of the major beneficiary therefore has a major growth potential.
Just to keep track of the story and analyze the tread.
Bulliesh pennant pattern create 200 ema above very good support 200 ema and wait for stay some day and best entry is when retest the and cross retest price company is good eps and growth show
IGL broke the consolidation Range IGL has shown positive momentum and broke last few weeks Range
Let's Track the next movement, if it shows more upside rise or comeback into prev range again
* For Education Purpose
Practice and Learn price action setups
IGL - Swing Trade Analysis - 6th April #stocksIGL (1W TF) - Swing Trade Analysis given on 6th April, 2024
Pattern: SYMMETRICAL TRIANGLE
- Volume buildup at Resistance - Done ✓
- Trendline Resistance Breakout - In Progress
- Demand Zone Retest & Consolidation - In Progress
#IGL #ENERGY
IGL - Weekly AnalysisIn the Weekly Chart of IGL ,
we can see that; Bullish momentum has started from 400 levels by creating a Pinbar.
Expected momentum is shown in chart.
Long on Indraprastha Gas LimitedBuy on IGL
Entry - 434
Target - 463 to 484
Stoploss - 425
Stock has closed on higher side with three soldier pattern
Also, stock has traded with higher volume.
Thus stock recommended to buy on level mentioned above
Risk to Reward Ratio - 1:4
Indraprastha gas ready buyingIndraprastha gas assending traingle create in monthly timeframe. Buying CMP because create hammer in support area daily timeframe . SL 304/300.
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)
igl is going to 487 and much moreigl is becoming ready for big move first target is 487 , lets see what happens
Indraprastha Gas LtdFundamentals:-
Debt is less than reserves.
Dividend giving stock.
ROCE & ROE Good.
Piotroski Score is 7 (Good Score).
current Price is below Intrinsic value.
Promoters holding is Good & No promoters pledged.
Technical:-
Expecting a Triangle Breakdown. Triangle is marked in Skyblue colour.
Demand Zone is marked as Green shaded horizontal area.
Resistances are marked as red horizontal lines.
Stoploss is marked as orange horizontal line.
Price is just below 200 Weekly EMA (White Line).
200 Monthly EMA is way below (Yellow Line).
Price is expected to bounce from Demand Zones.
Buy 340 - 295 - 225
Stoploss 190
Swing Tgt 390 - 440
Positional Tgt 500 - 585
Long Term Tgt 800 - 1000
This idea is for Educational purpose and paper trading only. Please consult your financial advisor before investing or making any position. Facts or Data given above may be slightly incorrect. We are not SEBI registered.
Above TrendlineFollow the process not money
Trend is one the best friend
Plan your trade and trade your plan
INDRAPRASTHA GAS Is good for swing if break trend lineIGL if break the trend line and price crossed 200d-MA ready to buy ,TARGET-500rs,2nd target 600RS
Disclaimer:
For educational purposes only
Negative Breakdown1. Time line : Day Candlestick pattern
2. Regression Channel: Stock was following Regression Channel earlier.
3. Condition Match : Breakdown Candle formed with large volume. Now Exiting from Regression Channel.
4. Purpose: Study or Paper trade.
5. Disclaimer: Investment in Stock market is risky. Not a sebi registered. Invest only at your risk.
60% gain at 700 bullish on igl IGL has a strong financial an growing
Sales and revenue
Fall due to negative sentimental of EV theme.
But now it's time to bounce back as it's business support and making continue ATH SALES AND REVENUE.
CNP Pattern
RS positive
For long term
Possible gain 60%
Gov stock
PSU
IGL 4HLooking good for Long Positions. Can be traded on short side if it shows rejection and market seems weak.
IGL - BUYThe following trading idea shared is for informational purposes only and should not be considered as financial advice or a recommendation to buy, sell, or hold any particular stock.
BUY - 424
SELL - 489
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.
IGL Swing Long Setup IGL is currently trading at a filtered demand zone
- From a Mid-Term perspective I am very bullish on this
- Accumulation Zones - 380-395
- SL shouldn't be more than 2-4%
IGL : Super Bullish PatternExciting Bullish Pattern Alert! 🐂
📊 Pattern: Hut Pattern
📌 Symbol/Asset: IGL
🔍 Description: Stock is around the support. We can see huge bounce from hereon.
350-370 is the strong multi year support.
👉 Disclosure: We are not SEBI registered analysts, this is not a buy or sell recommendation.
