In the Weekly Chart of IGL ,
we can see that; it is at decision making point.
Enter on breaking the Candle's high with low as SL.
Possible momentums are shown in chart.
📈 Exciting Bullish Pattern Alert! 🐂
📊 Pattern: Rising Channel
📌 Symbol/Asset: IGL
🔍 Description: Stock is rising in a channel and there mare multiples small pattern.
👉 Disclosure: We are not SEBI registered analysts, this is not a buy or sell recommendation. Technical patterns are just one piece of the puzzle. Consider conducting further research, consulting...
Hello guys I am back with another Interesting Analysis.
This time we will discuss about Indraprastha Gas Ltd. in a very easy to understand and end of the section I will reveal my personal opinion on this stock.
Current Chart Pattern:
Currently, the stock is in an uptrend, following an ascending parallel channel pattern. When we examine the daily timeframe,...
- Long only if it breaks trendline and moves above inside bar high
- Entered demand zone and is currently indecisive, so Mon/Tue - if there is enough volume then it can break the trendline
- Respect Stop loss - new demand will be created if it breaks the stop loss
the daily chart analysis based of support, resistance, area of confluence and ema.
Thanks
-aJ
Disclaimer: The information and publications are not meant to be, and do not constitute, financial, investment, trading or any other types of advice or recommendations.
price is at 200 day EMA and trendline support
since oct 2022 , price has taken sharp reversal from 200 day EMA
low risk entry
target 1- 475
target 2-500
stopl loss - 445
In this analysis, we will thoroughly examine the technical aspects of IGL's chart, focusing on the support at the rising trendline and the presence of a Shark Harmonic Pattern on the daily timeframe. We will assess the potential buying opportunity for IGL based on these technical signals. Let's proceed with the analysis.
Chart Analysis:
The TradingView chart...
INDRAPRASTH GAS LTD
Key highlights: 💡⚡
✅On 1Hour Time Frame Stock Showing Breakout of Falling wedge Pattern .
✅ Strong Bullish Candlestick Form on this timeframe.
✅It can give movement up to the Breakout target of 510+.
✅Can Go Long in this stock by placing a stop loss below 487-.
Swing trade opportunity in IGL.
Entry - 483
Targets - 515 & 530
DISCLAIMER: I am not SEBI registered and the ideas posted are only for educational purpose. Always trade with proper STOPLOSS.
IGL has constructed a falling wedge on the 1-day chart in which it has made continuous lower lows and lower highs.
The trend can change from bearish to bullish after the breakout of the resistance trendline. Buyers can expect a bullish move with the following targets: 483 & 504 . IGL Is Bearish below 458 .
Buyers have to break and stay above 504 to increase...
BUY - INDRAPRASTHA GAS LTD
CMP - Rs. 486
Target - 1: Rs. 591
Target - 2: Rs. 671
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Technicals - Cup and Handle Pattern
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This is just a view by an expert analyst, please invest at your own risk.
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Buy IGL above 470 for target of 479. Reason for trade, Trendline breakout and RSI divergence. Also "W" pattern formed on daily time frame.
Please Note I am not SEBI registered advisor, this is just my view and is for educational purpose. Please consult your financial advisor before taking trade.
As seen on the chart of IGL this stock now at an important zone of support which is also a 50% retracement support, also a positive candle pattern is seen on the mentioned support area.
An outside-inside price pattern is seen on bollinger band and other stocks in the gas sector are showing strength.
Rsi Momentum indicator is also on a support area.
Cmp is 466...
![IGL: [POSITIONAL] IGL - LONG ABOVE 391](https://s3.tradingview.com/q/qmyvYwki_mid.png "[POSITIONAL] IGL - LONG ABOVE 391")
