IGL free technical outlook, support, resistance - Intraday weakness expecting if stock holds below 986.

INDRAPRASTHA GAS

IGL free stock market forecast and free share tips updated for 28th October 2015, Wednesday.

INDRAPRASTHA GAS

Stock stuck in a range bound zone, technical indicates trend will be mix as long as it stuck in a range. Bulls action can be seen once it closes and holds above 508.

Stock also holding above 100 DMA this will favor bulls.

Intraday bulls action can be seen once it holds above 508, will find resistance around 513, 517.

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INDRAPRASTHA GAS Free stock tips

INDRAPRASTHA GAS

 

• IGL coming down from strong trend line resistance zone in weekly chart, this indicates as long as stock trades below 466.50 bears will be favored. Once stock closes and holds above 466.50 then further price run can be seen.
• If stock falls further from current levels then IGL will find support around 20 DMA and bottom bollinger band as shown in teachnical chart no2.
• Stock also has formed bearish candle formation this will favor bears. Close Watch.

IGL Share Tips, Technical Analysis Chart, Stock trading Graph - Stock moving in a up channel formation, Buying expecting once stock closes above 394. (Updated On - 05th August 2014, Tuesday).

IGL (INDRAPRASTHA GAS)

• IGL is currently moving in a up channel formation, this indicates as long as stock moves in this formation this will favor bulls, Daily chart also indicates stock is currently facing trend line resistance around 394, once it closes above 394 and stays above then stock to favor bulls.
• Intraday close watch once IGL starts trading above 394, if stays above with volumes then intraday action is expecting from bulls.
• Suggested Reading - SUN TV is on the verge of bearish breakout.
• Daily chart is also moving up from 20 days moving average, by looking at chart no 2 , technical indicates stock always took 20 DMA support and moved up. This time also stock is moving up from 20 DMA, as long as it holds above stock to favor bulls, But if stock closes below 20 DMA then bears will get active in IGL.
• Chart indicates if stock closes above 394 and moves up then IGL will find next strong resistance around 425 its 161.8% fibonacci retracement. Close Watch.
• Click here to see all the trading reports (tips) published by us on IGL (as per technical analysis point of view).

Share Market Tips - INDRAPRASTHA GAS (IGL) on the verge of breakout. (Updated On 25th June 2014, Wednesday).

• INDRAPRASTHA GAS is moving in an up channel formation and will be facing minor trend line resistance around 357 in daily chart, Up channel formation indicates that stock to favor bulls as long as it moves in up channel formation.
• Weekly chart of IGL indicates that stock moving up from 23.6% fibonacci retracement support, above 357 will favor short term bulls if closes above in weekly chart.
• Monthly chart of IGL indicates that stock is trading on its golden ratio fibonacci retracement resistance level , if stock closes above 61.8% fibonacci retracement and stays above then long term trend of IGL remain bullish. Close Watch.
• Stock was on news today - In oil and gas space we are hearing a lot of positive news but (IGL) has been a very slow mover so far, it has remain a laggard.
• After diesel, the government is considering raising cooking gas (LPG) and kerosene rates in small doses of Rs. 5 per cylinder and Rs. 0.50-1 a litre every  month to wipe out Rs. 80,000 crore subsidy on the two fuels.

Next Stock Update on 25th June 2014, Wednesday, Around 1:00 pm