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(IGL) Indraprastha Gas complete technical analysis [charts+indicators] | Buy/Sell Indraprastha Gas | (IGL) share price targets

Complete technical analysis of Indraprastha Gas (IGL) by charts plus indicators, forecast predictions and share price targets for Indraprastha Gas (IGL)

Indraprastha Gas trades in NSE in Utilities:Non-Elec. sector.

Showing technical analysis as on 2024-05-31 View latest technical analysis

10 day averaged volume of Indraprastha Gas is 2577661

Date	Daily Closing Price	Open	High	Low	Volume
31 Fri May 2024	441.95	451.35	455.40	433.70	16.336 times
30 Thu May 2024	456.65	461.50	463.25	452.00	1.069 times
29 Wed May 2024	461.50	470.00	473.45	458.20	2.015 times
28 Tue May 2024	472.70	461.40	477.00	458.45	1.51 times
27 Mon May 2024	461.15	460.95	469.20	457.65	0.967 times
24 Fri May 2024	460.75	452.95	465.90	448.70	1.491 times
23 Thu May 2024	454.35	444.00	455.25	440.95	0.883 times
22 Wed May 2024	441.30	443.00	443.80	435.45	0.984 times
21 Tue May 2024	440.85	444.00	445.55	440.00	0.407 times
18 Sat May 2024	444.00	441.00	445.00	441.00	0.048 times

Stock of Indraprastha Gas (IGL) has showed a significant fall. This could be a good time to exit from this stock.

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 437.6 as stoploss in an intra day buy trade for a target of 447.59. However, stock will show a bearish move below 437.6.

Share price targets for Indraprastha Gas (IGL)

Target Type	Value
Downside Target	397.15
Downside Target	412.10
Downside Target	428.70
Upside Target	449.00
Upside Target	459.00
Upside Target	460.00
Upside Target	465.90
Upside Target	468.40
Upside Target	477.00
Upside Target	477.75
Upside Target	489.00

Intraday share price targets for Indraprastha Gas (IGL)

Target Type	Value
Downside Intraday Target	424.77
Downside Intraday Target	407.58
Upside Intraday Target	468.07
Upside Intraday Target	494.18
Upside Intraday Target	450.88

Weekly technical analysis of Indraprastha Gas (IGL)

Date	Weekly Closing Price	Open	High	Low	Volume
31 Fri May 2024	441.95	460.95	477.00	433.70	5.817 times
24 Fri May 2024	460.75	444.00	465.90	435.45	0.792 times
18 Sat May 2024	444.00	450.00	450.90	430.45	0.419 times
10 Fri May 2024	446.00	458.00	468.40	428.70	2.995 times
03 Fri May 2024	455.20	460.25	477.75	449.00	0.77 times

Price has moved down this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Indraprastha Gas (IGL)

Date	Monthly Closing Price	Open	High	Low	Volume
31 Fri May 2024	441.95	471.50	477.00	428.70	1.494 times
30 Tue Apr 2024	469.20	430.90	489.00	430.90	1.589 times
28 Thu Mar 2024	430.80	427.70	460.00	397.15	1.279 times
29 Thu Feb 2024	426.00	433.00	459.00	412.10	0.612 times

Scroll below to view daily charts

Price has moved down this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.

Indicators analysis of Indraprastha Gas (IGL)

Price action analysis of Indraprastha Gas ( (IGL) ) based on a short term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

Price action analysis of Indraprastha Gas ( (IGL) ) 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.

Price action analysis of Indraprastha Gas ( (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.

Price action analysis of Indraprastha Gas ( (IGL) ) based on a mid to longer 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 SELL. Signal strength is Weak and stock is losing momentum.

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

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. Bears are getting stronger in this stock.

Ichimoku cloud is of red color and prices are below 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 SELL signal in short term and selling is picking up 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 448.1 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 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.