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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 2024-06-03 View latest technical analysis

10 day averaged volume of Indraprastha Gas is 6627037

Date	Daily Closing Price	Open	High	Low	Volume
03 Mon Jun 2024	468.95	465.00	471.20	452.20	0.716 times
31 Fri May 2024	441.95	451.35	455.40	433.70	6.354 times
30 Thu May 2024	456.65	461.50	463.25	452.00	0.416 times
29 Wed May 2024	461.50	470.00	473.45	458.20	0.784 times
28 Tue May 2024	472.70	461.40	477.00	458.45	0.587 times
27 Mon May 2024	461.15	460.95	469.20	457.65	0.376 times
24 Fri May 2024	460.75	452.95	465.90	448.70	0.58 times
23 Thu May 2024	454.35	444.00	455.25	440.95	0.343 times
22 Wed May 2024	441.30	443.00	443.80	435.45	0.383 times
21 Tue May 2024	440.85	444.00	445.55	440.00	0.158 times

Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 473, for a target of 459.8 or 448.89

Share price targets for Indraprastha Gas (IGL)

Target Type	Value
Downside Target	397.15
Downside Target	412.10
Downside Target	428.70
Downside Target	450.90
Downside Target	460.00
Downside Target	465.90
Downside Target	468.40
Upside Target	471.20
Upside Target	477.00
Upside Target	489.00

Intraday share price targets for Indraprastha Gas (IGL)

Target Type	Value
Downside Intraday Target	457.03
Downside Intraday Target	445.12
Upside Intraday Target	476.03
Upside Intraday Target	483.12
Downside Intraday Target	464.12

Weekly technical analysis of Indraprastha Gas (IGL)

Date	Weekly Closing Price	Open	High	Low	Volume
03 Mon Jun 2024	468.95	465.00	471.20	452.20	0.084 times
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

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

Monthly technical analysis of Indraprastha Gas (IGL)

Date	Monthly Closing Price	Open	High	Low	Volume
03 Mon Jun 2024	468.95	465.00	471.20	452.20	0.042 times
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

Scroll below to view daily charts

Price has moved up 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 definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

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 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 BUY. Signal strength is Weak 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 stronger in this stock.

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 449.5 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.