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Indraprastha Gas Limited

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IGL trade ideas

RSI in trading The relative strength index (RSI) is a momentum indicator used in technical analysis. RSI measures the speed and magnitude of a security's recent price changes to detect overbought or oversold conditions in the price of that security. The relative strength index (RSI) is an indicator used in technical analysis to determine overbought and oversold conditions, which provides traders with buy and sell signals (when to enter and exit positions). Values above 70 indicate overbought conditions and those below 30 indicate oversold conditions.
NSE:IGLEducation
by SkyTradingZone
IGL has given beautiful Trendline Resistance BreakoutIGL - Price Action Analysis and Observations * CMP 392.00 * Trendline resistance breakout with volumes slowly increasing * Multiple touches on the trendline * Gap zone 403 might be filled first * An hourly close above 405 would be sufficient to reach 440-445 * Once 440 is reached we will see how the candles react and then decide whether it will reach 480-500 * SL could be below 360 on hourly closing basis Thanks. Regards Bull Man
NSE:IGLLong
by bullmanacademy
5
Option and Database trading Traders use an options chain to choose the specific option contracts that best align with their trading strategy. They can select options with the desired strike prices and expiration dates based on their market outlook. Options chains are crucial for assessing and managing risk. Rupeezy, Upstox, and Zerodha offer the best option trading apps in the market because their innovative trading platform allows traders to seamlessly analyze and trade in the market.
NSE:IGLEducation
by SkyTradingZone
1
MACD In Trading The Moving Average Convergence/Divergence indicator is a momentum oscillator primarily used to trade trends. Although it is an oscillator, it is not typically used to identify over bought or oversold conditions. It appears on the chart as two lines which oscillate without boundaries. Traders often use MACD with longer-term moving averages like the 50-day or 200-day moving average. If the price is above these averages and MACD signals a buy, it reinforces the bullish trend. On the flip side, if the price is below the moving averages and MACD signals a sell, it indicates a strong bearish trend.
NSE:IGLEducation
by SkyTradingZone
1
How to draw support and resistance The most reliable source for identifying support and resistance levels is historical prices, making them invaluable to traders. The key is to familiarise yourself with past patterns – sometimes from very recent activity – so you can recognise them if they appear again. Simply mark visible highs and lows on your chart; the higher highs and lower highs will serve as resistance levels, whereas the lower lows and higher lows will serve as support levels. It is always recommended that these lines are marked on longer timeframes to have reliable support and resistance levels.
NSE:IGLEducation
by SkyTradingZone
Technical trading for traderTechnical trading is the practice of using price-based trading strategies to make short-term trades. It relies heavily on technical analysis, which uses past and current data to identify trends in the market. ​Technical trading is a broader style that is not necessarily limited to trading. Generally, a technician uses historical patterns of trading data to predict what might happen to stocks in the future. This is the same method practiced by economists and meteorologists: looking to the past for insight into the future.
NSE:IGLEducation
by SkyTradingZone
2
Few Important Information about tranding Few Important Information about tranding Trading refers to the process of buying and selling financial assets, including stocks, bonds, currencies, and commodities. Trading is done with the explicit goal of making profits from price changes in the short term. Trading involves the buying and selling of financial assets, such as stocks, to earn profits based on the price fluctuations of these assets. There are different types of trading, and traders use various strategies, techniques, and tools to decide when to buy or sell different assets
NSE:IGLEducation
by SkyTradingZone
FUNDAMENTAL ANALYSIS SCRIPT 1Indraprastha Gas Ltd TARGET - 550 Opportunity to make 50% Return Stock Crash more then 45% in last 2 months. Currently Stock is trading at corona level. Current PE Ratio - 14.2 Last 10 Year Average PE Ratio - 24 PE Ratio at corona crash - 22 Currently Stock is trading at Lowest valuation. Leading player in City Gas Distribution Company is almost debt free. Company has delivered good profit growth of 18.4% CAGR over last 5 years Company is also venturing into the electric vehicle charging segment and is planning to commission 50 stations during FY 2023-24 for battery swapping mode. HTF monthly as well as weekly TF seems bearish or breakdown. so kindly wait for atleast D TF bullish shift then accumulate.....
NSE:IGLLong
by RISINGSTONE
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.. 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