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2021 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
24 Fri Sep 530.50 540.00 541.50 528.70 11.76 lakhs
23 Thu Sep 537.30 542.00 542.40 533.65 18.57 lakhs
22 Wed Sep 537.65 550.20 553.85 536.15 21.03 lakhs
21 Tue Sep 549.40 540.00 551.40 535.20 25.37 lakhs
20 Mon Sep 543.45 553.15 558.40 537.50 19.02 lakhs
IGL chart

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 537.6, but if it comes above 537.6, then a intra day buy could be more profitable.
If you take a sell trade below 537.6, then use 537.6 as stoploss and 515.1 as target. However if you take a buy trade in stock , then use 537.6 as stoploss and 556.41 as target.

  • 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 positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the 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 523.85 as on 27 Mon Sep 13:40

Day open is at 534.00, day high is at 534.00, day low is at 523.10, and day volume is at 425.84 lakhs so far.

First 15 minute high low range is 528.20 - 534.00

First hour high low range is 524.55 - 534.00

Date Intraday Price Open High Low Volume
27 Mon Sep 13:40 523.85 534.00 534.00 523.10 1376943
27 Mon Sep 13:35 524.10 534.00 534.00 523.10 1364742
27 Mon Sep 13:30 523.80 534.00 534.00 523.10 1347034
27 Mon Sep 13:25 523.85 534.00 534.00 523.10 1324158
27 Mon Sep 13:20 524.40 534.00 534.00 523.10 1278816
Intraday IGL chart

Trend of Indraprastha Gas is not defined as of yet. Wait for entry and exit levels given below.

Take a trade after 9:30am only.

Indraprastha Gas (IGL) intraday stock price targets

  • EntEntry: 531.1 or 532.35
  • Upside target: 534
  • Downside target : 522.4
  • Second Upside target: 536
  • Second Downside target : 523.2

Indraprastha Gas (IGL) weekly technical analysis

Date Weekly Close Open Range Volume
24 Fri Sep 530.50 553.15 528.70
558.40
95.743 lakhs
17 Fri Sep 561.35 566.50 558.10
602.05
150.05 lakhs
09 Thu Sep 564.30 558.00 557.10
582.75
78.746 lakhs
03 Fri Sep 558.15 530.10 525.30
565.20
107.273 lakhs
27 Fri Aug 524.80 526.00 516.05
531.50
55.491 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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

Weekly Price action analysis of Indraprastha Gas based on a short to mid term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Indraprastha Gas (IGL) Monthly technical analysis

Date Monthly Close Open Range Volume
24 Fri Sep 530.50 549.00 528.70
602.05
373.068 lakhs
31 Tue Aug 545.85 562.00 511.25
566.50
401.741 lakhs
30 Fri Jul 557.75 559.25 534.85
584.00
651.194 lakhs
30 Wed Jun 557.75 532.65 508.15
561.55
763.084 lakhs
31 Mon May 528.85 504.95 495.75
534.00
436.713 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 positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Monthly Price action analysis of Indraprastha Gas based on a short to mid term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Indraprastha Gas Daily stock price targets

  • Upside daily target: 608.23
  • Upside daily target: 578.23
  • Upside daily target: 546.85

Indraprastha Gas Weekly stock price targets

  • Upside weekly target: 586.35
  • Upside weekly target: 554.15
  • Downside weekly target: 526.18

Indraprastha Gas Monthly stock price targets

  • Upside monthly target: 588.4
  • Upside monthly target: 556.18
  • Downside monthly target: 526.93
  • Downside monthly target: 500.93
  • Downside monthly target: 477
  • Downside monthly target: 435.55

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 Weak and stock is gaining momentum.

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

Indraprastha Gas Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.

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

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

RSI is generating a BUY signal in short term but buying is losing momentum.

MRSI is in negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling might be slowing down

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

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 566.95 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 positive

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