Overall Technical outlook

Price Summary

The stock of Indraprastha Gas Limited experienced a -4.19% drop, showcasing a awful market performance.
Indraprastha Gas Limited's stock started the year at 185.99, climbed to a high of 187.29, fell to 177.5, and closed -4.19% lower at 178.2, with 3525121 shares traded on 2025-04-25.
The peak price for the stock in the past 52 weeks is 558.55, with the lowest price being 156.32.
30 analysts forecast that the price of IGL will range from 150.0 to 648.0, with an average expected price near 228.86667.

Technicals

Support and Resistance: The current price of 178.2 is supported at 156.32, with resistance at 180.59. This suggests that the price for IGL might remain between these levels, where 156.32 acts as a floor and 180.59 as a ceiling in the market.
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Support/Resistance for IGL


Aroon: The current state of the AROON is neutral, offering no clear signals of movement in either direction. This suggests a potential pause in market activity, with no strong trend emerging at the moment.
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Aroon chart for Indraprastha Gas Limited


Bol. Bands: The BOLL BANDS is showing a neutral stance, not indicating a clear upward or downward trend for Indraprastha Gas Limited. This suggests a period of market balance, where neither side is showing dominance.
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Bolinger Bands chart for Indraprastha Gas Limited


Parabolic SAR: The PSAR for IGL remains bearish, establishing a key resistance level that could hinder upward movement. This ongoing bearish outlook suggests that the market may face challenges in breaking higher, with the resistance level acting as a barrier to potential gains.
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Parabolic Stop and Reverse chart for Indraprastha Gas Limited


Stochastic: The current state of the STOCHASTIC is neutral, with no clear trend direction indicated. This lack of directional bias suggests that the market may be in a phase of consolidation or uncertainty.
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Stochastic chart for Indraprastha Gas Limited


Tripple Moving Agerage: The current alignment of the 20, 50, and 100 moving averages shows a bullish trend, but the slopes of the 20 and 50 SMAs are losing strength. This weakening momentum could indicate that a trend reversal is imminent, potentially leading to a bearish shift in price action. Investors should be cautious as the market's upward trend may soon come to an end.
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Tripple SMA chart for Indraprastha Gas Limited


Before focusing on a company's technical data, such as stock price movements, it's essential to analyze its fundamentals. These include factors like profitability, cash flow, and debt management. Additionally, considering the broader industry landscape—including market trends, competition, and regulatory changes—offers deeper insights. This comprehensive approach allows for a more meaningful interpretation of the company's technical indicators, providing a clearer picture of its financial health and future prospects.