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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
15 Tue Jun 538.90 535.00 544.80 532.90 33.13 lakhs
14 Mon Jun 530.85 540.00 540.00 527.00 16.8 lakhs
11 Fri Jun 536.30 541.50 548.40 534.70 32.36 lakhs
10 Thu Jun 537.65 534.95 544.00 532.45 23.43 lakhs
09 Wed Jun 531.80 531.00 544.80 527.90 42.42 lakhs
IGL chart

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 533.7, but if it comes below 533.7, then a intra day sell could be more profitable.
If you take a sell trade below 533.7, then use 533.7 as stoploss and 522.27 as target. However if you take a buy trade in stock , then use 533.7 as stoploss and 547.5 as target.

  • Daily Price action analysis of IGL 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.

  • 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 positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Intraday technical analysis of Indraprastha Gas

Stock is trading at 538.90 as on 15 Tue Jun 15:34

Day open is at 535.00, day high is at 544.80, day low is at 532.90, and day volume is at 1441.07 lakhs so far.

First 15 minute high low range is 532.90 - 537.00

First hour high low range is 532.90 - 541.40

Date Intraday Price Open High Low Volume
15 Tue Jun 15:34 538.90 535.00 544.80 532.90 3312151
15 Tue Jun 15:30 539.75 535.00 544.80 532.90 3312151
15 Tue Jun 15:25 538.90 535.00 544.80 532.90 3266341
15 Tue Jun 15:20 539.40 535.00 544.80 532.90 3221369
15 Tue Jun 15:15 538.90 535.00 544.80 532.90 3176768
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: 534.95 or 540.35
  • Upside target: 537
  • Downside target : 528.8
  • Second Upside target: 547.8
  • Second Downside target : 535.9

Indraprastha Gas (IGL) weekly technical analysis

Date Weekly Close Open Range Volume
15 Tue Jun 538.90 540.00 527.00
544.80
49.93 lakhs
11 Fri Jun 536.30 531.45 526.00
548.40
154.93 lakhs
04 Fri Jun 524.20 515.00 510.00
537.00
164.894 lakhs
28 Fri May 513.65 506.00 501.65
523.85
169.474 lakhs
21 Fri May 502.40 511.65 498.65
523.00
84.615 lakhs
weekly IGL chart

Weekly forecast of Indraprastha Gas is positive. Buyers dominated the stock this week, and this trend might continue for a few days

Weekly 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.

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
15 Tue Jun 538.90 532.65 519.25
548.40
315.384 lakhs
31 Mon May 528.85 504.95 495.75
534.00
436.713 lakhs
30 Fri Apr 508.95 519.60 487.20
544.90
339.344 lakhs
31 Wed Mar 512.35 494.00 483.05
539.00
584.657 lakhs
26 Fri Feb 491.95 515.85 487.00
594.85
746.383 lakhs
monthly IGL chart

Monthly forecast of Indraprastha Gas is positive. Buyers dominated the stock this month, and this trend might continue for a few days

Monthly Price action analysis of Indraprastha Gas based on a short term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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: 547.8
  • Downside daily target: 519.73

Indraprastha Gas Weekly stock price targets

  • Upside weekly target: 553.55
  • Downside weekly target: 527.05
  • Downside weekly target: 501.23

Indraprastha Gas Monthly stock price targets

  • Upside monthly target: 588.4
  • Upside monthly target: 558.23
  • Downside monthly target: 529.08
  • Downside monthly target: 498.25
  • Downside monthly target: 469.23
  • Downside monthly target: 435.55
  • Downside monthly target: 407.9
  • Downside monthly target: 383.18
  • Downside monthly target: 358

Indraprastha Gas (IGL) indicators technical analysis

Price action analysis of Indraprastha Gas (IGL) 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.

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

MACD generated a BUY signal for Indraprastha Gas in short term and the buy signal is strong.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Indraprastha Gas Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bulls are getting tired and bears 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 buy signal for Indraprastha Gas in short term and BUY signal is strong.

RSI is generating a SELL signal in short term but selling 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 531.7 and Indraprastha Gas IGL stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is rising upwards.

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 is giving positive 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