IGL trendline breakout and bounce back from previous supportPrice bouncing back from previous support zone as well as trendline breakout with good volume. Can be bought with a short-term target of 580 and above.
#IGL #LONG
IGL trade ideas
IGL | IndraPrastha Gas | ChaiwithanoopIndraprastha Gas Limited is one of India's leading natural gas distribution companies. IGL supplies natural gas as cooking and vehicular fuel. Established in 1998, the company operates primarily in the Indian state of Delhi.
IGL was incorporated in 1998, to take over and operate the Delhi City Gas Distribution Project from GAIL for laying a network of gas distribution pipelines in Delhi. The company started as a joint venture between GAIL, Bharat Petroleum and the Govt of Delhi.
The company went public in 2003, listing on the Bombay Stock Exchange and the National Stock Exchange.
Key people: Shri. P.K.Gupta (chairman), Shri A K Jana (Managing Director), Shri Amit Garg, (Director, Commercial)
Operations
As of 31 December 2017, IGL supplied piped natural gas to over 9,00,000 homes, over 2,000 commercial and more than 1,150 industrial establishments in the NCR. It also operates 425 CNG filling stations for natural gas vehicles.
IGL sources its gas via the HVJ Gas Pipeline owned by GAIL.
Long IGL IGL following channel beautifully.
Already invested in this stock.
This is not reco call.
NSE:IGL
Indraprasth Gas LtdIGL has made a bottom reversal day pattern today after near term downtrend. Took entry with small quantity.
igl long end of abc correction possibleIGL has made a higher low and end acb correction and showing good PA
Bullish Gartley in IGLBullish Gartley in IGL (SL on 15 min. candle close)
PRZ for Buy 524.40
SL 508
Target : 540, 556
CMP 525.70 @ Aug 09, 2021
Chart by CA Savita Rehlan
Bullish Cypher in IGLBullish Cypher in IGL (SL on 15 min. candle close)
PRZ for Buy 539--540
SL 534
Target : 545, 551
CMP 543.20 @ Aug 04, 2021
Chart by Sandeep Rehlan
IGL bullishConsidering Squeeze setup reversal, in IGL, it started upmove. Above 560 will be a good entry point. Volume increase and positive momentum, are supporting it.
Momentum buy.
IGL seems forming a perfect BAT patternIGL correcting BC leg to CD, risky traders can go for short entry till point D. A long entry with very less SL is possible from point D.
IGL - Flag & pole pattern breakout with good volumeChart is self explanatory.
Don't invest and trade blindly.
IGL ascending triangle breakoutThe stock of IGL had a strong supply zone at around 570-575 levels which it broke with heavy volumes and gave closing above the same yesterday.
Also, a weekly closing above 570 looks like a good indication that stock might soon reach 600, 650+ levels.
Support is around 545-550 levels which is a good demand zone.
This is just for educational purposes.
IGL Break outIGL has given a break out on the daily chart
We can notice a spike in the volumes as well.
We can wait for the close above the resistance line to enter.
Just broken out of WedgeIGL is trading with good volumes...could reach 570 today ( intraday)...it has just popped out of the wedge/triangle...and if the broader market is steady it will go up.
IGL - Symmetrical TriangleThe stock has given breakout of symmetrical triangle. Above 534 it can show a good momentum upto 570.
IGL - DARVAS BOX and RSI Positive DivergencePrice is trading in a range and it is getting ready to breakout from the dARVAS box.
AS you see in the chart, RSI is keep on rising and the price isn't supporting the same, that forms a positive divergence.
Note: Not a SEBI registered, education purpose only.
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