IGL - IntraDay Trade Analysis

Last Updated Time : 02 Aug 25, 12:58 am

🌬️ IntraDay Trade Rating for IGL: 3.3

Indraprastha Gas Ltd (IGL) is technically consolidating with mild bearish undertones. The setup hints at a neutral-to-cautious bias for intraday action today — low volatility, slight divergence, and lack of momentum confirmation hold it back from being an active breakout candidate.

⚙️ Technical Sentiment Analysis

RSI (41.1): Below mid-level — bearish skew with no immediate bounce signal

MACD (-1.93): Sloping negative, showing declining momentum

Price ₹206 is marginally below key moving averages

DMA 50 ₹210

DMA 200 ₹209 → Suggests weakness in short- to mid-term trend

🔍 Volume Snapshot

Current Volume (42.6 Lakh) < 1W Avg (45.8 Lakh) → Subdued trading interest

Watch for breakout volume above 48 Lakh before chasing upside

🧾 Fundamentals Capsule

📊 Metric Value Insight

EPS / PE ₹12.3 / 16.8 Slightly undervalued vs industry PE

ROCE / ROE 21.4% / 16.9% Efficient operator — positive long-term

Debt-to-Equity 0.01 Virtually debt-free — minimal financial risk

FII/DII Flow +2.15% / -2.19% Mixed sentiment

Qtr Profit Growth +4.6% Marginal uptick — not momentum-building

PEG Ratio 3.02 Indicates expensive growth expectations

📌 Fundamentally strong, but no catalyst for aggressive price action today.

🎯 Intraday Trade Blueprint

✅ Fresh Entry Strategy

Buy Range: ₹205–₹207 (only after bullish 15-min breakout candle with volume >48 Lakh)

Target Zones

Level 1: ₹210

Level 2: ₹213

Stop-Loss: ₹202 (below short-term support, avoids whipsaws)

🔄 If Already Holding Today

Profit Booking Levels: ₹210–₹213 (resistance zone from DMA)

Exit if Breakdown: Below ₹202 with expanding red candle and rising volume

Trailing Stop-Suggestion: ₹204.5 (locks partial gains if bounce stalls)

🧠 Final Take

IGL’s intraday setup is not ideal for momentum trades today — it's leaning into consolidation mode. If you’re already in, play the bounce up to the moving average resistance and lock gains early. For fresh entries, watch the volume and candle formations closely — don’t get trapped in sideways grind.

Want me to chart other gas/utility midcaps with tighter setups or look for large caps showing fresh bullish divergence? I’ll line them up for you. 📈🔎

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