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Indraprastha Gas LimitedIndraprastha Gas LimitedIndraprastha Gas Limited

Indraprastha Gas Limited

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IGL trade ideas

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..! :)
NSE:IGLLong
by IIMA_Brat
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. # Cloud Trading # Ichimoku Cloud # Ichimoku Followers I hope you all like my analysis. Please do share your thoughts into comment section. Please give a like, it motivates me to do analysis.
NSE:IGLLong
by nikunjbhadja
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
NSE:IGLLong
by Golden_Ratio_Capital