IGL trade ideas
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.
IGL IGL looks good to me.... We can see breakout first thing in the morning tomorrow it will reach around 365 tomorrow then will retest its resistance & then boom.... Safe exit around 380₹
IGL - SHORT - 5% to 20% downside potentialIGL looks to be forming a triangle pattern and has started it's new leg of downside after formation of ABCDE triangle.
Below 358, immediate target can be 342-340 levels. If gives daily candle close below 340 level then 322-320 levels and then 283-280 levels may be seen in coming days.
Bearish pennant pattern in IGL.Stock Name: IGL
Chart Pattern: Bearish Pennant
Time Frame: 1D
Entry: Reversal @365-
Breakdown below -345
Targets: Reversal Target -345
Breakdown Targets -250
INDRAPRASTHA GAS - IGL - BreakoutINDRAPRASTHA GAS - IGL - Signaling Breakout after consolidation for long time
Possible targets 400 and 435
SL - 360
IGL trading opportunities sighted , Bullish trend setup#IGL multiple trading opportunities sighted ... price expectation 460 rs . will put timely trades for IGL ...
the second wave has completed on 1H candles , and now seems to have started the third wave ...
We try to always trade the third wave , be it in a bullish direction or bearish direction...
stay tuned we will walk with IGL for a long time now ...
IGL - LONG NSE: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 is 1 :2 .
Disclaimer : You are responsible for your Profits and loss, Shared for Educational purpose.
Indraprastha Gas LimitedSYMETRICAL TRIANGLE FORMATION IN SCRIP ( IGL) Watch for a good Breakout above the triangle and targets are mentioned in green bars.
Thanks and Happy Investing 😀
Building Long position IGL at 370Tranche 1 - 60 shares at 507 on 18 Oct 2021
Tranche 2 - 39 shares at 480 on 3 Nov 2021
Tranche 3 - 80 shares at 376 on 31 Mar 2022
1. Market is in what stage - Identified by what kind of highs and lows that are being formed + movement of price w.r.t 21, 50 and 200 EMA
Price topped out on 11 Jan 2021, in range since then between 570 and 480... Topped out in Oct 21 and then moved down to get a huge bounce at 326, which is a major resistance and support
2. Is there any trend reversal in play?
1. Multiple divergence confirmations on MACD , RSI and MFI - No
2. At important support or resistance - horizontal - Yes - 2017 top and 2020 March bottom
3. At important confluence of EMAs + price + support - Yes - broken Weekly 200
3. How are the candlesticks behaving and what is the volume doing
Huge volume candle and price candle on 326 price.. signalling it might be a short term bottom atleast
4. Is there any trend continuation in play?
Looks like a bounce from a major support
5. Is there any pullback or breakout in play with volume confirmation from a strong horizontal level (support or resistance)
No pullbacks or breakouts as of now
6. Fundamental factors in play
1. Revenue growth - EPS vs PE ratio - last 5 years comparison - EPS rising Quarterly and Yearly... because of better sales... OPMs is a bit shaky... also PE ratio to EPS is very very attractive since 2017
2. Are institutional investors/promotors increasing their stake - Stake consistent mostly slight dip in institutional and slight increase in retail
INSIDE CANDLE IN IGLReady for tomorrow 3-5% move in IGL
Reason to buy: 1) after 2 days buying today its inside candle,
2) near to treadline
3) buyers created base on 325-350 level....
breakout tradeBerakoutT Level IN IGL AT 400 AND TargetT OF 426 AND SL OF 453 BREAK OUT IS Possible in coming 2-3 Days
Watchout for 9-month-old trendline breakoutThe stock looks good above 384 level (day closing basis for positional trade) for short term targets of 400 and 410
Learn & Earn,
Dr. Tanya Kumar
