IGL bullish flag buyIGL formed bullish flag however target seems low. this stock can be watched to see whether it's reaching the target.
IGL
Indraprastha Gas Ltd-Bullish swing- Will this trend continue?
30.07.2024
Buy 553
Target 589.5
Stop Loss 517
Risk: Reward - 01:01
1. Inside candle breakout in day TF
2. Upward channel and previous resistance breakout
3. Retracement after breakout at good FVG and thus resistance turned to support
4. Oil & Gas sector is in good momentum
5. Good Volume breakout
6. Price rejection from 21 EMA NSE:IGL
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
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@visionary.growth.insights
MACD Crossover Swing Trade - IGL📊 Script: IGL
📊 Sector: Gas Distribution
📊 Industry: Miscellaneous
⏱️ C.M.P 📑💰- 504
🟢 Target 🎯🏆- 535
⚠️ Stoploss ☠️🚫 - 489
⚠️ 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!🥂
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 CE
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@ 386.75
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!🥂
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.
#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.
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.
IGL - Elliott Wave CountIGL - Elliott Wave Count Update
As we alerted in our previous post the price declined from the 485 range so we can confirm that the market has begun wave C with the target of 250 range on the downside. however, if the price breaks above the 492 level this bearish view becomes invalid.
Please exercise caution when trading as this information is for educational purposes only.
NSE:IGL NSE:IGL1! BSE:IGL
IGL - Wave CountIGL - Elliott Wave Count
IGL appears to be completing wave 2, with an impulse wave 3 up move expected.
If the red line breaks, the view is invalid, and be cautious when the price reaches at 485 range...
Please exercise caution when trading as this information is for educational purposes only.
NSE:IGL NSE:IGL1! BSE:IGL
IGLNSE:IGL
One Can Enter Now ! Or Wait for Retest of the Trendline (BO) Or wait For better R:R ratio
Note :
1.One Can Go long with a Strict SL below the Trendline or Swing Low of Daily Candle.
2. Close, should be good and Clean.
3. R:R ratio should be 1 :2 minimum
4. Plan as per your RISK appetite
Disclaimer : You are responsible for your Profits and loss, Shared for Educational purpose
My view on IGLIGL
showing trendline breakout above 488-89
looking tgt 500-509-515++
in very short term
KEEPING ON RADAR IGL 490 CE
IGL closed above 6 months rangeIGL bounced from Demand Zone Strongly.
Also breaking out after long accumlation/consolidation near demand zone.
Good for Investment and swing too.
Above 415, targets are 435, 470, and 510, 550, 600+ in long term.
SL for swing is 315.
Investors may add more near 290-300 zone if it comes to that.
-Saptarish Trading
IGL BREAKOUT DONEAfter 9 Months Accumulation Period , Finally Price Breaks the Accumulation Zone of 445--455 And closes above the breakout Zone. Volume Also Supporting the price which indicates sustainable breakout in price after long time.
Keep eyes on #IGL. Add your quantity when any dip seen in price or price comes down to retest the Breakout zone. Good Return Expecting in coming day's. My target will be 500/555/600+
Breakout in Gas Distribution Sector After a strong consolidations price out from tight range and high probability price continue the trend
IGL BREAKOUT SOON !!!Hello to everyone
#IGL 👉👉Daily + Weekly chart✅
👉 Ascending Traingle Pattern📈
👉Price Consolidating from long time📈📉
👉Breakout above 455+ Closing✅
👉Entry after Breakout
👉After Breakout possible targets 510/530/560+🎯
👉Add to your watchlist👍
IGLHey traders we can see here IGL is making Ascending triangle pattern in which Resistance zone is 450 and Support is trendline so we have to wait untill it start give breakout or breakdown. May be we can get a good trade so keep eyes on it
Breaking out from an Inverted HnSThe scrip is breaking out from an inverted HnS Pattern and completed the re-test as well, Keep this scrip in radar.
#IGL is ready for a 25% upmoveIGL has come out of its downtreand and is ready for 25% upmove from here
IGLNSE:IGL
One can wait for candle Close Above the trendline.
Note :
1.One Can Go long with a Strict SL below the Trendline or Swing Low of Daily Candle.
2. Close, should be good and Clean.
3. R:R ratio should be 1 :2 minimum
4. Plan as per your RISK appetite
Disclaimer : You are responsible for your Profits and loss, Shared for Educational purpose!
