SWING IDEA - INDRAPRASTHA GAS (IGL)Consider a compelling swing trade opportunity in Indraprastha Gas Limited (IGL) , a leading natural gas distribution company in India. Reasons are listed below : Attempt to Break Triangle Pattern : IGL is attempting to break out of a triangle pattern, indicating a potential shift in market sentiment and the beginning of a new trend. Bullish Marubozu on Daily Timeframe : The presence of a bullish Marubozu candlestick pattern on the daily timeframe signals strong buying momentum and potential upward movement. Broke Consolidation of 5 Months : IGL has broken out of a consolidation phase lasting 5 months, suggesting a breakout from range-bound trading and potential sustained upward movement. 50 and 200 EMA Support on Weekly Timeframe : The stock finds support at both the 50 and 200 Exponential Moving Averages (EMA) on the weekly timeframe, indicating bullish momentum and potential for trend continuation. Constant Higher Highs : IGL consistently forms higher highs, reflecting a trend of increasing bullish momentum and reinforcing the potential for further gains. Target - 515 // 585 Stoploss - weekly close below 394 DISCLAIMER - Decisions to buy, sell, hold or trade in securities, commodities and other investments involve risk and are best made based on the advice of qualified financial professionals. Any trading in securities or other investments involves a risk of substantial losses. The practice of "Day Trading" involves particularly high risks and can cause you to lose substantial sums of money. Before undertaking any trading program, you should consult a qualified financial professional. Please consider carefully whether such trading is suitable for you in light of your financial condition and ability to bear financial risks. Under no circumstances shall we be liable for any loss or damage you or anyone else incurs as a result of any trading or investment activity that you or anyone else engages in based on any information or material you receive through TradingView or our services. @visionary.growth.insights Longby Visionary_Growth_InsightsUpdated 18
IGL 1MONTHIT IS READY TO BREEAK OUT WAIT FOR THE RETEST I Am Not SEBI Registered Analyst. All Post and Levels Posting is only for educational and knowledge purpose. I Am not responsible for your any kind of loss or profit. No Claim, All Rights Reserved.‼️Longby saimandali1
My view on IGLInverse head & shoulder and trendline breakout possible in IGL Looking tgt 476-478-480++ in very short term👆 Keeping on radar IGL 475 CELongby M_K_PUSHKAR0
igl 1mtf buy @ 472 target @ 556, 586, 596 symentric triangle igl 1mtf buy @ 472 target @ 556, 586, 596 symentric triangle breakout risk reward 1.5 its just a view trade @ your own risk sl@ 386.75Longby gopicr70
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. ✅Like and follow to never miss a new idea!✅ 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!🥂Longby radha_234
IGL - Weekly Inv H&SI believe Inv H&S formation is underway. Initially we could see 500 and then a consolidation before hitting 575 Longby Manohar_ShanmugamUpdated 4
Choppy but VolatileI would like to see a dip deeper followed by strong Bullish Price action. 00:42by smdcosta0
Review and plan for 8th May 2024Nifty future and banknifty future analysis and intraday plan in kannada. This video is for information/education purpose only. you are 100% responsible for any actions you take by reading/viewing this post. please consult your financial advisor before taking any action. ----Vinaykumar hiremath, CMT 15:37by vinaysh0
Short OpportunityI am bullish on these Gas future long term. However I believe that we will see lower prices over the next 2 weeks. Looking for this new SL to be taken and then deeper into the imbalances between 429 and 418by smdcosta1
Trade in IGLTarget mentioned on chart Disclaimer:- Please always consult with your financial advisor or do your analysis before taking trade Longby TheShreejaTrading7
breakoutthere is trendline breakout in IGL LTD. Stock pe is 19.3 and roe and roce are above 20% both. oil and gas sector is trending. should be a good buyLongby swayamnawal31
IGL...This buy is no gas.Beautiful...trinagle breakout....tgt calculated and mentioned on the chart...on good volumes too...investors too can buy thisLongby JUDEBOY0
INDRAPRASTH GAS AT SUPPORT LEVEL FORMING HAMMER CANDLEIndraprasth gas is on support level and form strong hammer candle yesterday on 1 day time-frame. It is looking good for short- term bullish momentum. If high of hammer is break and today candle give strong closing above the high we look it for bullish swing . And target upto 455Longby suyogkhandave0
IGL will become multibagger after BreakoutIGL may give Huge Breakout !! IGL is Making Hut pattern after an uptrend Possibility of Breakout is huge because its a continuation pattern We may see huge upside after breaking the resistance If stock comes down we can see support is around 370-390 level Breakout confirmation is above 480-500 Current price is around 450 Targets are around 900-950 level Thanks !! Disclaimer : We are not SEBI registered analyst. Do your own research before taking any investment decision.Longby FiveCircles2211
EXPENDED FLAT : ELLIOTT WAVE CORRECTIONEXPANDED FLAT CORRECTION 2- EXPANDING FLAT : • A corrective 3 waves move labelled as ABC • Subdivision of wave A and B is in 3 waves • Subdivision of wave C is in 5 waves impulse / diagonal • Subdivision of wave A and B can be in any corrective 3 waves structure including zigzag, flat, double three, triple three • Wave B of the 3-3-5 pattern terminates beyond the starting level of wave A • Wave C ends substantially beyond the ending level of wave A Fibonacci Ratio Relationship • Wave B = 123.6% of wave A • Wave C = 123.6% – 161.8% of wave AB by Elliottbaba1
IGL - Swing or Intraday Levels targets Quick Movement Quick movement can be expected in IGL Below Targets can be expect in 3-5 days if IGL day closing on (18th Dec), above 406 then more bullish movement targets 435 or 467. if IGL day closing )on 18th Dec) Below 405 then more Bearish movement targets 375 or 347 . Use Proper SL as per your comfort. 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.by PrashantTaralkarUpdated 1114
IGLLONG TERM VIEW Company has reduced debt. Company is almost debt free. Stock is providing a good dividend yield of 3.05%. Company is expected to give good quarter Company has been maintaining a healthy dividend payout of 39.1%Longby POPPOPPU9
IGL Bottom Buy Hello All, I am glad you have liked my post and I am sure everyone who have traded on these post would have made profits. If you like my Idea, Don't forget to Boost and comment on my Analysis.. The recommendations are purely for educational purpose only, consult you financial advisor before trading. Gautam Khanna Technical Analyst by Passion :-)Longby GautamKhanna2210
#IGL BUYBest Risk Reward,weekly candles gave reversal set up ! So Maintain your stoploss and Bang on before it flies ! Stocks is at weekly Demand Zone.Longby VishnuDeepan8
Indraprastha Gas Daily timeframe analysis Demand zone Major Low sweep at 375 level Buy above 396 with SL 391 T1 418 T2 429 T3 440 Longby sugatmankar0
The IGL stock is at good entry point currently.A picture says a thousand words. Well, I have have tried to depict everything i need to say about this stock onto the chart. To summarize it, we are currently near 61.8% retracement of the impulsive wave we saw in the stock between Mar.2022 till May 2023.A new impulse wave from here (wave 3) is expected to begin that should take the stock towards the 600 mark in the near future. Note*- this chart is for educational purpose only.Longby neeraj_2_sharmaUpdated 8