Will this stock end up like its name? A total gas??Highly manipulated, yet very enticing as the risk reward seems excellent.....From a peak of 4500 to now 600 levels....It can retest 525 levels again as no proper double bottom has formed. I have started buying small amounts and averaging down, with multiple sell orders till 4500....My selling will begin in small amounts once it crosses 10%, with increments of 5....like 10%, 15%, 20%, 25% etc...all the way till 4500....Am looking forward to some buyer interest and recovery as the fundamentals are still excellent....Too bad its constantly manipulated by FIIs. This stock is a long term hold, so be careful about putting a lot of money in this....
ATGL trade ideas
ADANI TOTAL GAS A QUICK MOVE UPIt is in the Verge to Complete the Inverted Head & Shoulder. 😍😍 Gear Up For a move above 800
Adani Total Gas Ltd (ATGL) has demonstrated strong financial performance and strategic growth initiatives in recent periods. In the fiscal year 2024, the company reported a 15% increase in overall volume and a 20% year-on-year growth in the fourth quarter. This growth was supported by the addition of 91 new CNG stations, bringing the total to 547, and the expansion of piped natural gas (PNG) connections to 820,000 households. Financially, ATGL achieved a 27% year-on-year increase in revenue, reaching ₹4,813 crore, and a 23% rise in Profit After Tax (PAT) to ₹653 crore
In September 2024, ATGL secured $375 million in financing from international lenders, including BNP Paribas, DBS Bank, Mizuho Bank, MUFG Bank, and Sumitomo Mitsui Banking Corporation. This funding is intended to accelerate the expansion of its city gas distribution network across 13 Indian states, potentially serving up to 14% of India's population.
ADANI NOW or LATER For InvestmentIf you haven't checked my ADANIENSOL analysis kindly check it 1st.
If you look at ADANI stocks clearly we can see a massive view as investment.
Now question is for how long ?
From this position you can plan a hold for 2-3 years and it may give you more than something.
Don't let you influenced by short term market scenarios.
Investment for long term MAY give you GOOD return. BUT
Investment for long term from a good location MAY give you MASSIVE return.
#ATGL 1075 Tgt 3500 #ADANIENT #ADANIPORTS #ADANIENSOL #AWL #NSE#ATGL 1075 Tgt 3500
NSE:ATGL
CMP 1075
TGT 3500
SL 795
TF < 9M
Great risk return trade off!
Factors: BULLISH WEDGE BREAKOUT Trend Following Rising Volume with rising Prices. Flag pattern breakout. Pennant Pattern Breakout with Bullish Candle. Retest Successful. Higher Highs & Higher Lows. Broken above RESISTANCE levels Trading at SUPPORT levels Earnings are strong. Bullish Wedge Breakout Risk Return Ratio is healthy. And Rising from Double Bottom Pattern to Flag Pattern forming. If you like my work KINDLY LIKE SHARE & FOLLOW this page for free Stock Recommendations. With 💚 from Rachit Sethia
Adani Total Gas LtdTARGET - Technical Play - Target in chart
SL - 882
VALUATIONS ARE EXPENSIVE - PURELY TECHNICAL
Market Cap
₹ 1,19,560 Cr.
Current Price
₹ 1,087
High / Low
₹ 1,260 / 522
Stock P/E
200
Book Value
₹ 29.4
Dividend Yield
0.02 %
ROCE
20.7 %
ROE
20.4 %
Face Value
₹ 1.00
Price to book value
37.0
Intrinsic Value
₹ 143
PEG Ratio
7.13
Price to Sales
27.0
Debt
₹ 1,356 Cr.
Debt to equity
0.42
Int Coverage
8.01
Reserves
₹ 3,126 Cr.
Promoter holding
74.8 %
Pledged percentage
0.00 %
EPS last year
₹ 4.97
Net CF
₹ -19.1 Cr.
Price to Cash Flow
140
Free Cash Flow
₹ -323 Cr.
OPM last year
19.9 %
Return on assets
10.9 %
Industry PE
14.1
Sales growth
3.44 %
ATGL Very Good setup seen in chart.
Consolidation done .
Good for Short term and Long term.
Target 1500, 2900.
Do Follow , Like ,Comment for regular updates...
Disclaimer : This is not a Buy or Sell recommendation. I am not SEBI Registered. Please consult your financial advisor before making any investments . This is for Educational purpose only.
ADANI TOTAL GAS LIMITEDNSE:ATGL (1D)
CMP : 1029.40
This view is only for short term based on Technical Analysis. Long Term Investors can study company by themselves and Specially consider PE Ratio as it is very High compared to Industry Benchmark.
• Stock has formed Symmetrical Triangle on Daily Chart.
• Stock price is contracted and moving in a narrow Range.
• Stock price is above all KMA.
• Short term Moving Averages lines are rising
Sector : Gas Transmission
Industry : Gas Transmission/ Marketing
Market Cap : 1,13,208.95 Cr.
Category : Large Cap
PE : 189.49
Industry PE : 33.78
PEG : 6.88
About Company
Adani Gas is developing City Gas Distribution (CGD) Networks to supply the Piped Natural Gas (PNG) to the Industrial, Commercial, Domestic (residential) and Compressed Natural Gas (CNG) to the transport sector. Natural Gas is a convenient, reliable and environment friendly fuel that allows consumers to enjoy a high level of safety, convenience and economic efficiency. The company is engaged in City Gas Distribution (CGD) business and supplies natural gas to domestic, commercial, industrial and vehicle users in various geographical areas.
Adani Gas is developing City Gas Distribution (CGD) Networks to supply the Piped Natural Gas (PNG) to the Industrial, Commercial, Domestic (residential) and Compressed Natural Gas (CNG) to the transport sector. Natural Gas is a convenient, reliable and environment friendly fuel that allows consumers to enjoy a high level of safety, convenience and economic efficiency.
The company has already set up city gas distribution networks in Ahmedabad and Vadodara in Gujarat, Faridabad in Haryana and Khurja in Uttar Pradesh. In addition, the development of Allahabad, Chandigarh, Ernakulam, Panipat, Daman, Dharwad, and Udhamsingh Nagar gas distribution is awarded to consortium of Adani Gas Ltd and Indian Oil Corporation Ltd.
Business area of the company
The company is engaged in City Gas Distribution (CGD) business and supplies natural gas to domestic, commercial, industrial and vehicle users in various geographical areas.
#ATGL Attempting a breakout on Daily timeframe#ATGL
Attempting a breakout on Daily timeframe. If it does breakout, we can see another good rally in stock!
Also, if we use Fib tool, we can clearly see that the stock has been consolidating above 0.382% level and has been forming a nice base there since many days now.
Breakout looks imminent imo.
Adani Total Gas Ltd.A further up move is expected in ATGL and we can see the targets of 1870 in next month which around 80% return as of today's LTP. It's perfect setup having a Risk to Reward of around 1:10.
And also taking support from its 200 exponential moving average.
But please consider the risk first before buying the stock.
ADANI Total Gas Ltd looks ultra bullish!ATGL looks ultra bullish and can be a multi-bagger in the long-run.
After a pro-longed downfall, stock has shown some strength in past few days based on technicals + fundamental indicators.
In the chart as well, from technical point of view, there are too many inefficiencies left behind while stock was taking a hit and price was falling. In my opinion, all those inefficiencies should be filled in long-run.
ADANI TOTAL GAS Positional Buy IdeaAs per my analysis NSE:ATGL is now going ready to make some pullback. Best level to take positional buy entry would be 610 with stop loss of 587 (-23 points risk). I am expecting upside targets of 633 (+23), 657(+47), 691(+81). This could be low risk and high reward idea.
Note: This is my personal analysis, only to learn stock market behavior.
Thanks.
ATGLATGL mean reversion strategy
The candle on may 31 had huge volume, but price didn't break the previous low. This shows seller exhaustion. Also the delivery taken on that day was worth approx. 22 lakh or 66 % of traded value.
The price is at 20 day mean reversion standard deviation zone
Bought first tranche at 672 , bought in big quantity bcoz exception a big move to the upside as accumulation is almost down. sl is only 5% . Good RR.