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Technicals for Indraprastha Gas Limited
By MusingTheNews
2026-02-02 20:40
Overall Technical outlook
Price Summary
On 2026-02-02, IGL's stock opened at 174.65, reached a peak of 175.49, dropped to 170.12, and ended -0.88% down at 173.12, with a volume of 1862459 shares. In the past year, the highest stock price was 227.98, and the lowest was 173.12. Based on recommendations from 28 analysts, the future price of IGL is expected to range from 160.0 to 270.0, with an average price expectation around 225.39285.
Technicals
Support and Resistance: The current price for IGL is 173.12, supported at 174.14 with resistance at 174.14. This indicates a trading range where 174.14 might prevent further declines, while 174.14 could hinder additional gains. Support/Resistance for IGL
Aroon: The Aroon indicator signals a continued bearish trend, with Aroon Down holding steady at the 100 level. This ongoing downward pressure requires further exploration with additional indicators to understand its broader implications. Aroon chart for Indraprastha Gas Limited
Bol. Bands: The current state of the BOLL BANDS is neutral, providing no clear signals for either an upward or downward movement. This indicates that the market may be in a state of equilibrium, with no strong momentum in either direction. Bolinger Bands chart for Indraprastha Gas Limited
Parabolic SAR: The PSAR has just shifted from bullish to bearish, hinting at a possible market decline. If this reversal is confirmed by other trends, it could be a very bearish signal. Investors should consider this shift carefully and seek further confirmation before taking action for Indraprastha Gas Limited. Parabolic Stop and Reverse chart for Indraprastha Gas Limited
Stochastic: The STOCHASTIC is showing a neutral reading, with no clear direction indicated for upward or downward movement. This neutral position suggests a possible period of consolidation. Stochastic chart for Indraprastha Gas Limited
Tripple Moving Agerage: A bullish trend is indicated by the alignment of the 20-50-100 period moving averages, though the slopes of the faster averages hint at a potential reversal. The weakening momentum in the shorter-term averages suggests that the current trend may not hold, signaling the possibility of an upcoming change in direction for IGL. Tripple SMA chart for Indraprastha Gas Limited
Understanding a company's fundamentals—such as revenue, earnings, and debt levels—provides a solid foundation for analyzing its technical performance. Similarly, knowledge of the industry, including key competitors and market trends, is critical. Combining this fundamental analysis with technical indicators like stock charts, moving averages, and trading volume enables a more comprehensive approach to evaluating the company's overall health and potential future performance.
DISCLAIMER: We provide information and our musings based on events, but nothing on this site can be considered professional advice of any kind.
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