IGL Short to long term upside opportunityBuy IGL above 422 for trading purpose for target 432-445-460
With sl at 414
For long term by above 422 for target 515-600
Stop loss at 398 NSE:IGL NSE:IGL1!
IGL trade ideas
IGL- Short Term :Bears Counter attackIGL- Short Term :Bears Counter attack , down trend as long as it sustains below 429 on closing basis. Potential targets - 391
[Positional] IGL Long IdeaIGL has created a very good 'Flagpole Pennant pattern on daily basis.
There was sharp upmove observed from the levels of 350 -440 (8 aug - 16 Aug). After that the stock has been consolidating only from last 10 sessions and the range is getting smaller and smaller creating a pennant.
What Is a Pennant?
- A pennant is a type of continuation pattern.
- When there is a huge movement in the stock, it forms a flagpole like structure- a very straight up move of more than 3 huge bullish candles.
- After this strong up move there is a little break to buying and consolidation begins - consolidation creates a triangle shape attached to a pole - called as pennant.
- Pennant formation normally says that there is still some buying left and this is just a break and the trend will again continue in the same direction as the initial large movement if it breaks on the same side as initial trend.
We are supposed to enter the trade once the price breaks out of this consolidation triangle - Pennant. It is advised to only take trades in the direction of the initial trend. Stop loss can be the low of the penannt.
Entry:- 424-430 (whenever price breaks the pennant on daily closing candle basis)
SL:- 402 (low of the Pennant)
Target :- 477
IGL Long (15 Sep)IGL Long (15 Sep)
RSI-69
Pennant formation
Buy at CMP- 436 or at 428
SL- 414
Target- 503
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Charts and views are only for educational purpose.
IGL ....IGL ....
1 - forming flag pattern , cup and handle pattern
2 - good volume
3 - bullish rsi momentum 65
4 - 20 ma support
buy above day high
for target t1, t2 , t3 .
IGLSeems volatile compression seen
Flag and and pole pattern
Weekly already given Breakout and consolidating
INDRAPRASTHA GAS LTD (IGL) - STOCK FOR SWING TRADENSE:IGL
FLAG PATTERN Breakout given with good volume,
One can go long with stoploss - 405
Short term target - 440, 465
Flag pattern target - 478, 497
Igl trend reversalchange of trend after long consolidation, we can see price also reclaimed 200 dma from now on following the trend may give good risk reward ,and we can see formation of flag pole so usually rally would be lenght of pole
IGL -Medium Term, Bulls @ accumulation ZoneIGL- Medium Term, Bulls gaining momentum at accumulation zone. Potential move towards 520+ levels in the medium term.
YR 2022 Idea #115: Long on IGLThis is a public swing trade idea and is only for Learning and observational purpose. Please understand your risk and take full responsibility of your actions. I might trail my stoploss after I get an entry but even if my original Stoploss hits, i exit the trade with pre-planned loss (risk). At target, I book usually 75% positions and trail stoploss for rest. Our objective to help anyone who wants to learn technical analysis using charts by demonstrating my real trade entries. You can post your queries in comment section here and we will try to answer them asap.
IGL - Breakout with good volume on All Time FramesAfter trading within a 6- month Balance, IGL has made a good Breakout to the upside on high volumes. It has also crossed the DMA 200. It is already above the DMA 50 and DMA 100. Further, DMA 50 is nearing DMA 100 from below and it will most likely cross it shortly.
This calls for a Buy at the current price of Rs 438 and additions on minor corrections.
After the Trade is done, Monitor for continuation.
The Next High is 465 and the one Next to it is 514.
IGL 1:3 Trade. Time Frame: 1 yearThis has run up in last 1 week very quickly.
Yet this is just a starting.
Keep tracking, any retrace around 400 can give a better entry point.
Fundamental Trigger:
- Gas price has increase substantially, Govt is diverting Industrial Gas to IGL & MGL to cool off the price of LPG.
- Hence, Their input cost will collapse dramatically & Margin can revert back sharply.
- Next 2 quarter will be epic for both IGL & MGL
Technical :
- Risk rewards is great for MGL then IGL, Gujarat gas is a laggard.
- Price may correct for 1-2 week maybe. But the long term trend is positive.
Disc. : Invested in both IGL & MGL.
P.S. : like & let me know if these inputs help you. Little appreciation would be great..! :)
Indraprastha Gas ltd. Breakout analysisBreakout was observed in the trendline where multiple Rejections have been seen.
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IGL Daily Looking BullishIGL Daily looking bullish, It has TLBO with 200 ema support.
The selling zone is near 600, so good to buy at 418 for target of 500 and 600 with SL below BO candle i.e. 386
Weekly Breakout MGLMGL has given a Good Weekly Breakout with Heavy volume , This is good Buy on Dips till Rs . 380 and Stop Loss can be set below the breakout level. Target of 463 can be achieved.
Disclaimer: I am not a SEBI Registered Analyst, the views declared are of my own and for educational Purposes only. Kindly consult your Financial advisor before investing, I am not responsible for any losses incurred.
IGL - Ichimoku Bullish Breakout Stock Name - Indraprastha Gas Limited
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 414
#This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market.
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IGLNSE:IGL
One Can Go long with a Strict SL below the Trendline or Swing Low of Daily Candle.
Close should be good, and Clean.
R:R ratio should be 1 :2 .
Disclaimer : You are responsible for your Profits and loss, Shared for Educational purpose
IGL | Simple trendline breakout - Looks potential for 25%IGL | Simple trendline breakout - Looks potential for 25%
CMP : 380
SL : 355
Target : 460
1:4 risk reward setup
Indraprastha gas is at consolidationTechnical and Options Analysis.
We must be more cautious about taking the trade because of sudden breakouts.
