IGL trade ideas
IGLIndraprastha Gas Limited (IGL) is one of the pioneer and leading City Gas Distribution (CGD) company in India catering to more than 1.1 million CNG vehicles,1.4 million domestic PNG customers and over 5,500 commercial & industrial customers.
Ascending Triangle Break out observed after longtime with considerable volume
recommended for long term , for short term swing trading target given in the chart
Market Cap
₹ 32,372 Cr.
Current Price
₹ 462
High / Low
₹ 464 / 335
Stock P/E
21.9
Book Value
₹ 106
Dividend Yield
2.81 %
ROCE
26.5 %
ROE
19.8 %
Face Value
₹ 2.00
Promoter holding
45.0 %
EPS last year
₹ 18.8
EPS latest quarter
₹ 3.98
Debt
₹ 98.6 Cr.
Pledged percentage
0.00 %
Net CF
₹ -15.3 Cr.
Price to Cash Flow
17.1
Free Cash Flow
₹ 561 Cr.
Debt to equity
0.01
OPM last year
24.6 %
OPM 5Year
24.8 %
Reserves
₹ 7,249 Cr.
Price to book value
4.38
Int Coverage
155
PEG Ratio
1.27
Seems its back on trackWeekly chart Analysis, stock seems to be back on track to show new highs, might dip down to support Level before going up.
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+
STOCK NAME { IGL } SWING TRADEswing trade take trade when nifty turns bullish swing trade perfect symmetrical triangle short term opportunity for upside take trade after breakout from the trendline according to own risk this is not call just a analysis.
Breakout AlertWhen price break any boundary after strong consolidations then high probability price continue the trend .
STOCK NAME { IGL } SWING TRADEswing trade perfect symmetrical triangle short term opportunity for upside take trade after breakout from the trendline according to own risk this is not call just a analysis.
IGL Buy for intraday tradingIGL Buy for intraday trading if stock break the given resistence level............
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👍
igl longperfect vcp pattern looking good for short term with good pocket pivots
note please consult your financial advisor before investing
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
Trendline BreakoutIGL has broken the trendline and retest done looks good buy around marked demand area with below level as stop loss for the given target.
lets see..
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 breakout... For buy.IGL to buy at current level and previous day low will be stop loss. 1:3 Risk reward will be possible.
igl inverse head and shoulderigl forming Inverse H&S pattern on daily chart after long consolidation, which in short to medium term can outperform from here on.
RSI above 70 which is perfect sign with rising volumes. as studied rsi above 60 always lead to a big movement in stock which we can see here, and i really thing the people saying rsi oversold short above it , yes the market cool from here but in bull market stock doesnt fall. they dip and rise.
so watchout for it.
it may move 20-30% from here as per IHnS pattern.
Dis- its for an educational purpose not a recommendation.
#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!
Indraprasatha gasBroke the strong resistance level in the 4H time frame and strong close today. the target levels are 473 and 505.
IGL 1dtfLook like a downside opportunity of targets 380 and then 362 and set the stop loss of 402 if closes above on it.
