IGLStock with always a strong momentum is in a breakout region. Once the stock breakout at the 478 level and sustains this week, there could be a positive uptrend for this stock with easy RR of 1.45.
IGL trade ideas
IGL - Weekly AnalysisIn the Weekly Chart of IGL ,
we can see that; it has multiple rejections at resistance.
It has now respected the resistance for one last lime.
Enter on breaking the Candle's High with Low as SL.
Expected momentum is shown in chart.
IGLBased on price moving and Ema
positions Up move possibility is higher
This is only for educational purposes.
All set to breakoutIGL CMP 473
the Oil and Gas sector has done exceptionally well but this stock has been a laggard. Technically this stock is now ready to breakout and make new highs. In my view it is a very good buy.
Crossover - IGL📊 Script: IGL
📊 Sector: Gas Distribution
📊 Industry: Miscellaneous
Key highlights: 💡⚡
📈 Script is trading at upper band of BB.
📈 MACD is giving crossover .
📈 Double Moving Averages giving Crossover.
📈 Right now RSI is around 63.
📈 One can go for Swing Trade.
⏱️ C.M.P 📑💰- 472
🟢 Target 🎯🏆 - 508
⚠️ Stoploss ☠️🚫 - 458
⚠️ Important: Always maintain your Risk & Reward Ratio.
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Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
Eat🍜 Sleep😴 TradingView📈 Repeat 🔁
Happy learning with trading. Cheers!🥂
IGL, Break of Structure - Uptrend ResumeTrend Positive
Strength Strong
The price is likely to head higher.
The expansion in bands is started.
The price could test the higher levels of 490.
Disclaimer: This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
IGL weekly breakout candidateIGL is in consolidation since 3 years, its making flag n pole on weekly. Can show 700+ with SL 425
Descending Triangle Pattern formation in IGL These two patterns indicate a new strong trend is about to begin.
Keep this stock in watchlist.
Disclaimer: This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
Double top visible on daily chart of IGL
A short trade is possible with a confirm double top on daily chart of NSE:IGL
if the support breaks, the uncertainty of market is sure to fuel the achievement of the target.
IGL BUYInitiate a BUY position on IGL as per the Supertrend and weekly Supertrend indicators, signaling a potential rise to 500 in the near future, accompanied by greater than 2 weeks volume.
[Swing trade] IGL 462Entered IGL at 462. Have seen a good BO along with nice volume building in 1hr chart. Let's see if this goes in our favor :-)
Reversal : can it generate returns?Its in bottom end of the parallel channel and stocks tend to reverse from here gives max returns.
It looks good and also waiting for a breakout above the counter trendline.
In BJP manifesto 2024 its mentioned that gas pipelines to installed in major cites by 2026 and further more in future so according to this prospect IGL can be one of the major beneficiary therefore has a major growth potential.
Just to keep track of the story and analyze the tread.
Bulliesh pennant pattern create 200 ema above very good support 200 ema and wait for stay some day and best entry is when retest the and cross retest price company is good eps and growth show
IGL broke the consolidation Range IGL has shown positive momentum and broke last few weeks Range
Let's Track the next movement, if it shows more upside rise or comeback into prev range again
* For Education Purpose
Practice and Learn price action setups
IGL - Swing Trade Analysis - 6th April #stocksIGL (1W TF) - Swing Trade Analysis given on 6th April, 2024
Pattern: SYMMETRICAL TRIANGLE
- Volume buildup at Resistance - Done ✓
- Trendline Resistance Breakout - In Progress
- Demand Zone Retest & Consolidation - In Progress
#IGL #ENERGY
IGL - Weekly AnalysisIn the Weekly Chart of IGL ,
we can see that; Bullish momentum has started from 400 levels by creating a Pinbar.
Expected momentum is shown in chart.
Long on Indraprastha Gas LimitedBuy on IGL
Entry - 434
Target - 463 to 484
Stoploss - 425
Stock has closed on higher side with three soldier pattern
Also, stock has traded with higher volume.
Thus stock recommended to buy on level mentioned above
Risk to Reward Ratio - 1:4
Indraprastha gas ready buyingIndraprastha gas assending traingle create in monthly timeframe. Buying CMP because create hammer in support area daily timeframe . SL 304/300.
