INDRAPRASTHA GAS LTD stock forum
IGL Delivery Buy IGL above 445 Stop Loss 400 Target 505-530
IGL Indraprastha Gas Ltd view for Intraday 4th October #IGL
Buying may witness above 561
Support area 553-555. Below ignoring buying momentum for intraday
Selling may witness below 546
Resistance area 555
Above ignoring selling momentum for intraday
Charts for Educational purposes only.
Please follow strict stop loss and risk reward if you follow the level.
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IGL For Indraprastha Gas Limited (IGL), here are the current support and resistance levels based on recent trading activity:Support Levels:
First Support (S1): ₹428.70
Second Support (S2): ₹435.00
Resistance Levels:
First Resistance (R1): ₹470.00
Second Resistance (R2): ₹475.00
Third Resistance (R3): ₹490.00
IGL Indraprastha Gas Ltd view for Intraday 1st October #IGL
Buying may witness above 562
Support area 553-555. Below ignoring buying momentum for intraday
Selling may witness below 553
Resistance area 560
Above ignoring selling momentum for intraday
Charts for Educational purposes only.
Please follow strict stop loss and risk
IGL For Indraprastha Gas Ltd (IGL), here are the key support and resistance levels based on recent trading activity12:
Support Levels:
₹428.70
₹435.00
Resistance Levels:
₹470.00
₹475.00
₹490.00
IGL Delivery : Buy IGL above 561 Stop Loss 551 Target 572-600
IGL Swing Setup
IGL The price is trading in the middle of two resistance zones. So the price could experience a high volatility in this zone. The overall chart structure indicates a strong uptrend with a strong momentum.
IGL As we are in the resistance zone, the price is facing resistance at the previous candle high. The price is about 13% high in this swing. GMMA Indicator: LTMA's are neutral and STMA's are positive.
RSI > 60 - Positive
So, the probability of time wise correction in the trend is very high. The price could retest the range of 420/430. On the positive side the level of 460 is important.
IGL Today's candle confirms the breakout of the trend line. Now the price will test its resistance zone. For intraday the price can move in a range of 2 to 3%.