Overall Technical outlook

Price Summary

Indraprastha Gas Limited's stock declined -3.43% today, reflecting an unimpressivending market day.
On 2025-05-30, Indraprastha Gas Limited's shares started at 214.0, peaked at 214.31, bottomed out at 206.1, and ended -3.43% down at 206.66, with 3542727 shares traded.
The stock's highest price in the past 52 weeks is 558.55, while its lowest price during the same period is 156.32.
The price outlook for IGL is between 144.0 and 648.0, with an average expectation of 224.7, as estimated by 30 analysts.

Technicals

Support and Resistance: At 206.66, the price is held up by support at 198.68 and faces resistance at 220.68 for IGL. This suggests a trading range where 198.68 provides a base and 220.68 limits upward movement.
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Support/Resistance for IGL


Aroon: The AROON is in a neutral stance, not pointing to a clear trend in either direction. This suggests that the market may be lacking strong momentum, making it difficult to predict the next move.
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Aroon chart for Indraprastha Gas Limited


Bol. Bands: The price moving below the upper Bollinger Band could be a precursor to a decline. This signal might suggest that the asset is overbought and that a correction is on the horizon. Traders often use this indicator to anticipate potential reversals, as it signals a weakening of bullish momentum, making it a critical point for decision-making in trading strategies.
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Bolinger Bands chart for Indraprastha Gas Limited


Parabolic SAR: The PSAR remains bullish in its outlook, establishing a key support level that could serve as a foundation for further upward movement. This persistent bullish stance suggests that the market may continue to trend higher, with the established support providing a potential safety net for investors.
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Parabolic Stop and Reverse chart for Indraprastha Gas Limited


Stochastic: The STOCHASTIC is in a neutral stance, with no clear signals for movement up or down. This neutral position indicates a potential period of consolidation or uncertainty in the market.
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Stochastic chart for Indraprastha Gas Limited


Tripple Moving Agerage: The 20, 50, and 100 moving averages are currently aligned in a bearish pattern, indicating a downtrend. However, the slopes of the 20 and 50 SMAs are showing signs of wavering, suggesting that the bearish momentum for IGL may be fading. This could signal a potential shift towards bullish price action, as the market's downward trajectory begins to lose strength and prepares for a possible reversal.
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Tripple SMA chart for Indraprastha Gas Limited


In order to draw meaningful inferences from a company's technical data, it is essential to first consider its fundamentals. This includes reviewing financial metrics like revenue, profit margins, and debt-to-equity ratios. Additionally, understanding the broader industry landscape, including market trends and competitive pressures, is crucial. By integrating these insights with the company's technical performance, such as stock price fluctuations and trading volume, one can make more informed investment decisions.