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2022 Indraprastha Gas (IGL) technical analysis [forecast] stock price targets

Indraprastha Gas technical analysis & forecast stock price targets, Daily, Weekly, Monthly technical analysis

Indraprastha Gas deals in Utilities:Non-Elec. Indraprastha Gas option chain analysis

Date Close Open High Low Volume
25 Tue Jan 399.30 395.80 402.00 386.10 33.87 lakhs
24 Mon Jan 396.45 425.10 425.40 390.55 57.81 lakhs
21 Fri Jan 425.10 435.00 435.85 421.55 24.66 lakhs
20 Thu Jan 435.30 441.75 443.80 432.90 35.74 lakhs
19 Wed Jan 438.60 454.50 455.25 435.00 93.65 lakhs
IGL chart

Although my analysis for stock is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 403.7, for a target of 431 or 453.64

  • Daily Price action analysis of IGL based on a short term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

  • Daily Price action analysis of IGL based on a short to mid term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

  • Daily Price action analysis of IGL based on a mid term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Intraday technical analysis of Indraprastha Gas

Stock is trading at 391.50 as on 27 Thu Jan 12:00

Day open is at 399.00, day high is at 399.00, day low is at 391.10, and day volume is at 286.02 lakhs so far.

First 15 minute high low range is 395.15 - 399.00

First hour high low range is 393.00 - 399.00

Date Intraday Price Open High Low Volume
27 Thu Jan 12:00 391.50 399.00 399.00 391.10 1328359
27 Thu Jan 11:55 391.70 399.00 399.00 391.45 1302769
27 Thu Jan 11:50 391.95 399.00 399.00 391.70 1284353
27 Thu Jan 11:45 392.85 399.00 399.00 391.70 1258516
27 Thu Jan 11:40 392.95 399.00 399.00 391.70 1244328
Intraday IGL chart

Prices of Indraprastha Gas are surely coming down. Look for opportunities to sell in intraday.

Take a trade after 9:30am only.

Indraprastha Gas (IGL) intraday stock price targets

  • EntEntry: 397.08 or 397.35
  • Upside target: 399
  • Downside target : 391.3
  • Second Upside target: 408.6
  • Second Downside target : 392.7

Indraprastha Gas (IGL) weekly technical analysis

Date Weekly Close Open Range Volume
25 Tue Jan 399.30 425.10 386.10
425.40
91.673 lakhs
21 Fri Jan 425.10 460.50 421.55
464.90
226.467 lakhs
14 Fri Jan 461.45 470.70 456.90
471.00
92.503 lakhs
07 Fri Jan 468.30 471.80 459.00
477.85
121.874 lakhs
31 Fri Dec 470.40 490.50 464.85
492.15
104.171 lakhs
weekly IGL chart

Weekly forecast of Indraprastha Gas is negative. Sellers dominated the stock this week, and might continue to dominate in coming days too.

Weekly Price action analysis of Indraprastha Gas based on a short term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Weekly Price action analysis of Indraprastha Gas based on a short to mid term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Indraprastha Gas (IGL) Monthly technical analysis

Date Monthly Close Open Range Volume
25 Tue Jan 399.30 471.80 386.10
477.85
532.517 lakhs
31 Fri Dec 470.40 485.00 464.85
513.45
393.022 lakhs
30 Tue Nov 484.25 478.00 470.45
508.70
441.334 lakhs
29 Fri Oct 473.90 535.00 454.00
537.00
570.213 lakhs
30 Thu Sep 533.10 549.00 510.30
602.05
523.836 lakhs
monthly IGL chart

Monthly forecast of Indraprastha Gas is negative. Sellers dominated the stock this month, and might continue to dominate in coming days too.

Monthly Price action analysis of Indraprastha Gas based on a short term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Monthly Price action analysis of Indraprastha Gas based on a short to mid term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

Indraprastha Gas Daily stock price targets

  • Upside daily target: 467
  • Upside daily target: 444.73
  • Upside daily target: 416.18
  • Downside daily target: 392.7

Indraprastha Gas Weekly stock price targets

  • Upside weekly target: 525.8
  • Upside weekly target: 498.4
  • Upside weekly target: 473.08
  • Upside weekly target: 445
  • Upside weekly target: 412.35
  • Downside weekly target: 373.05

Indraprastha Gas Monthly stock price targets

  • Upside monthly target: 586.35
  • Upside monthly target: 556.18
  • Upside monthly target: 526.93
  • Upside monthly target: 500.93
  • Upside monthly target: 475.83
  • Upside monthly target: 443.33
  • Upside monthly target: 412.34
  • Downside monthly target: 346.83

Indraprastha Gas (IGL) indicators technical analysis

Price action analysis of Indraprastha Gas (IGL) based on a short term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

ADX buy sell signal for Indraprastha Gas stock for short term is SELL. Signal strength is Strong and stock is gaining momentum.

MACD generated a SELL signal for Indraprastha Gas in short term and the sell signal is strong.

Indraprastha Gas Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!

Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be moving up

CCI has generated a SELL signal for Indraprastha Gas in short term and SELL signal is strong!

RSI is generating a SELL signal in short term and selling is picking up momentum.

MRSI is in negative zone. This is the SELL zone

Stock of Indraprastha Gas is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 434.2 and Indraprastha Gas IGL stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down

People seem to be coming out and selling the Indraprastha Gas IGL stock. Volume based technical analysis of Indraprastha Gas IGL stock is negative.

Indraprastha Gas Stock has given negative returns over a short term period. Returns for a longer term period have been negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.

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chart IGL